American Airlines Group (NASDAQ:AAL) Issues Q2 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated its second quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.150-1.450 for the period, compared to the consensus EPS estimate of 1.180. The company issued revenue guidance of -. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in 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 target for the company. Wolfe Research upgraded shares of American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 price objective for the company in a research note on Monday, January 22nd. Jefferies Financial Group upgraded shares of American Airlines Group from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Thursday, January 11th. Barclays increased their price objective on shares of American Airlines Group from $13.00 to $14.00 and gave the company an underweight rating in a research note on Friday, January 26th. Finally, Morgan Stanley restated an overweight rating and issued a $20.00 price objective on shares of American Airlines Group in a research note on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $17.53.

American Airlines Group Stock Down 1.8 %

NASDAQ:AAL traded down $0.25 during mid-day trading on Friday, reaching $13.88. 36,527,836 shares of the company were exchanged, compared to its average volume of 33,690,384. American Airlines Group has a 12 month low of $10.86 and a 12 month high of $19.08. The company has a fifty day moving average of $14.46 and a 200 day moving average of $13.64. The stock has a market cap of $9.09 billion, a PE ratio of 23.13, a PEG ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The company had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same period in the prior year, the company earned $0.05 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that American Airlines Group will post 2.67 EPS for the current fiscal year.

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.