American Airlines Group (NASDAQ:AAL) Updates Q3 2021 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its third quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of $-1.040-$-0.960 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-1.200. The company issued revenue guidance of $8.96 billion-$8.96 billion, compared to the consensus revenue estimate of $8.85 billion.

Shares of NASDAQ:AAL opened at $19.61 on Thursday. American Airlines Group has a 12 month low of $10.63 and a 12 month high of $26.09. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of -1.87 and a beta of 1.78. The stock’s 50 day moving average price is $20.10 and its 200 day moving average price is $21.45.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Wednesday, July 21st. The airline reported ($1.69) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.71) by $0.02. The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.48 billion. American Airlines Group’s revenue for the quarter was up 361.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($7.82) EPS. On average, equities analysts predict that American Airlines Group will post -6.89 earnings per share for the current fiscal year.

Several research firms have recently commented on AAL. Susquehanna Bancshares upgraded shares of American Airlines Group to a neutral rating and boosted their price target for the company from $18.00 to $20.00 in a report on Tuesday, July 27th. Citigroup upgraded shares of American Airlines Group from a sell rating to a neutral rating and set a $21.50 price target on the stock in a report on Wednesday, July 14th. The Goldman Sachs Group cut shares of American Airlines Group from a neutral rating to a sell rating and lowered their price target for the company from $19.00 to $18.00 in a report on Wednesday, October 6th. Morgan Stanley lifted their price objective on shares of American Airlines Group from $21.00 to $23.00 and gave the company an underweight rating in a research note on Tuesday, September 14th. Finally, Seaport Global Securities raised shares of American Airlines Group from a neutral rating to a buy rating and set a $27.00 price objective for the company in a research note on Friday, July 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $20.80.

American Airlines Group Company Profile

American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific.

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Earnings History and Estimates for American Airlines Group (NASDAQ:AAL)

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