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

American Airlines Group (NASDAQ:AAL) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.150-1.450 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays raised their price target on shares of American Airlines Group from $13.00 to $14.00 and gave the company an underweight rating in a report on Friday, January 26th. Morgan Stanley reissued an overweight rating and set a $20.00 price objective on shares of American Airlines Group in a report on Tuesday, March 5th. JPMorgan Chase & Co. raised their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an overweight rating in a report on Friday, January 26th. Wolfe Research raised shares of American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 price target for the company in a report on Monday, January 22nd. Finally, Evercore ISI reaffirmed a hold rating and issued a $17.00 price target on shares of American Airlines Group in a report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $17.53.

American Airlines Group Stock Down 2.0 %

American Airlines Group stock opened at $13.64 on Thursday. American Airlines Group has a 52-week low of $10.86 and a 52-week high of $19.08. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.12 and a beta of 1.57. The firm has a 50-day moving average price of $14.49 and a two-hundred day moving average price of $13.61.

American Airlines Group (NASDAQ:AAL) last released 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 company had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the firm earned $1.17 EPS. American Airlines Group’s revenue was down 1.0% on a year-over-year basis. Research analysts expect that American Airlines Group will post 2.45 earnings per share for the current 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.