American Airlines Group (NASDAQ:AAL) Releases Q4 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.550-0.750 for the period, compared to the consensus earnings per share estimate of 0.580. The company issued revenue guidance of -.

American Airlines Group Price Performance

Shares of AAL opened at $16.88 on Friday. The firm has a 50 day simple moving average of $14.55 and a two-hundred day simple moving average of $12.12. American Airlines Group has a one year low of $9.07 and a one year high of $18.20. The company has a market cap of $11.09 billion, a P/E ratio of 51.15, a P/E/G ratio of 0.29 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. American Airlines Group’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. On average, analysts expect that American Airlines Group will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. TD Cowen increased their price objective on American Airlines Group from $10.00 to $17.00 and gave the company a “hold” rating in a report on Friday, December 6th. Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $14.00 to $24.00 in a research report on Tuesday, December 10th. Bank of America lifted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.99.

About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.