Q2 2024 EPS Estimates for American Airlines Group Inc. (NASDAQ:AAL) Boosted by Analyst

American Airlines Group Inc. (NASDAQ:AAL) – Equities research analysts at Zacks Research lifted their Q2 2024 earnings estimates for shares of American Airlines Group in a research report issued to clients and investors on Thursday, March 28th. Zacks Research analyst M. Basu now forecasts that the airline will earn $1.13 per share for the quarter, up from their previous forecast of $1.06. The consensus estimate for American Airlines Group’s current full-year earnings is $2.52 per share. Zacks Research also issued estimates for American Airlines Group’s FY2024 earnings at $2.56 EPS and FY2026 earnings at $4.90 EPS.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, beating the consensus estimate 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 company had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same quarter last year, the company posted $1.17 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year.

A number of other research firms have also weighed in on AAL. Wolfe Research raised 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 report on Monday, January 22nd. JPMorgan Chase & Co. boosted their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Citigroup reiterated a “buy” rating and set a $20.00 price objective on shares of American Airlines Group in a research note on Thursday, March 14th. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, American Airlines Group currently has an average rating of “Hold” and a consensus price target of $17.53.

American Airlines Group Stock Performance

NASDAQ AAL opened at $15.35 on Friday. The firm has a market cap of $10.05 billion, a PE ratio of 13.95, a P/E/G ratio of 0.12 and a beta of 1.57. The firm’s fifty day moving average is $14.71 and its two-hundred day moving average is $13.48. American Airlines Group has a one year low of $10.86 and a one year high of $19.08.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Raymond James & Associates grew its position in shares of American Airlines Group by 12.8% in the 1st quarter. Raymond James & Associates now owns 143,373 shares of the airline’s stock valued at $2,617,000 after purchasing an additional 16,316 shares during the period. American Century Companies Inc. lifted its holdings in American Airlines Group by 14.1% during the 1st quarter. American Century Companies Inc. now owns 27,651 shares of the airline’s stock valued at $505,000 after purchasing an additional 3,421 shares during the last quarter. US Bancorp DE lifted its holdings in American Airlines Group by 11.0% during the 1st quarter. US Bancorp DE now owns 20,747 shares of the airline’s stock valued at $378,000 after purchasing an additional 2,064 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of American Airlines Group by 23.1% during the first quarter. MetLife Investment Management LLC now owns 176,047 shares of the airline’s stock worth $3,213,000 after buying an additional 32,986 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of American Airlines Group by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,668 shares of the airline’s stock worth $1,582,000 after buying an additional 5,393 shares in 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.