American Airlines Group (AAL - Free Report) came into existence following the Dec 2013 merger of AMR (American Airlines' parent group) and US Airways. The Fort Worth, Texas based company serves customers with more than 6,700 daily flights in more than 50 nations across the globe.
American Airlines Group has a healthy track record with respect to earnings. The company has delivered positive earnings surprises in each of the last four quarters, with an average beat of 20.24%.
Zacks Rank: Currently, American Airlines Group has a Zacks Rank #1 (Strong Buy), but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: American Airlines Group beat on earnings. Adjusted earnings per share came in at $1.92, beating the Zacks Consensus Estimate of $1.87. Quarterly earnings increased over 8% on a year over year basis.
Revenue: Revenues of $11,105 million were 7.2% above the year-ago figure. Quarterly revenues edged past the Zacks Consensus Estimate of $11,087 million.
Key Stats: American Airlines Group’s top line was boosted by strong passenger demand and improving yields. During the quarter, the company returned $500 million billion to its shareholders through the repurchase of $10 million shares for $450 million and dividends of $50 million. Furthermore, the carrier also declared a dividend of $0.10 per share. The dividend will be paid on Aug 28, 2017, to the shareholders on Aug 14. We are impressed by the company’s efforts to reward shareholders through stock repurchases and dividend payments.
Stock Price: The earnings beat pleased investors. Consequently, shares of the company were up in pre-market trading at the time of writing.
Check back later for our full write up on this American Airlines Group earnings report later!
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