American Airlines Group Inc. Expected to Earn Q2 2024 Earnings of $1.20 Per Share (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL) – Research analysts at Seaport Res Ptn lowered their Q2 2024 earnings per share (EPS) estimates for American Airlines Group in a note issued to investors on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the airline will post earnings of $1.20 per share for the quarter, down from their previous forecast of $1.30. Seaport Res Ptn currently has a “Buy” rating on the stock. The consensus estimate for American Airlines Group’s current full-year earnings is $2.45 per share. Seaport Res Ptn also issued estimates for American Airlines Group’s Q4 2024 earnings at $0.85 EPS and FY2024 earnings at $2.80 EPS.

A number of other equities analysts also recently issued reports on AAL. UBS Group began coverage on shares of American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, January 11th. Morgan Stanley restated an “overweight” rating and issued a $20.00 price target on shares of American Airlines Group in a research report on Tuesday, March 5th. Finally, Evercore ISI reaffirmed a “hold” rating and set a $17.00 price objective on shares of American Airlines Group in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Stock Performance

AAL stock opened at $13.89 on Tuesday. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 0.11 and a beta of 1.57. The business’s 50-day moving average is $14.56 and its two-hundred day moving average is $13.56. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The firm had revenue of $13.06 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period in the previous year, the business posted $1.17 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis.

Institutional Investors Weigh In On American Airlines Group

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in American Airlines Group by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock valued at $1,010,566,000 after buying an additional 667,660 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of American Airlines Group by 2.4% in the first quarter. Geode Capital Management LLC now owns 14,197,531 shares of the airline’s stock valued at $209,161,000 after purchasing an additional 331,613 shares in the last quarter. U S Global Investors Inc. increased its position in American Airlines Group by 18.7% in the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after purchasing an additional 2,001,247 shares during the last quarter. Invesco Ltd. raised its stake in American Airlines Group by 28.3% during the third quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock valued at $155,249,000 after purchasing an additional 2,672,793 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in American Airlines Group by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,140,602 shares of the airline’s stock valued at $65,388,000 after purchasing an additional 145,382 shares during the last quarter. 52.44% of the stock is owned by institutional investors.

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.