American Airlines Group (NASDAQ:AAL – Get Free Report) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.15-1.45 for the period, compared to the consensus earnings per share estimate of $1.15. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.
American Airlines Group Trading Down 2.2 %
NASDAQ:AAL opened at $13.92 on Thursday. The stock has a market cap of $9.11 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 0.12 and a beta of 1.57. The stock’s 50-day moving average is $14.49 and its 200-day moving average is $13.61. American Airlines Group has a 1-year low of $10.86 and a 1-year high of $19.08.
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.18. The company had revenue of $13.06 billion for the quarter, compared to analysts’ expectations of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 earnings per share. As a group, equities analysts forecast that American Airlines Group will post 2.45 EPS for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on AAL
American Airlines Group Company Profile
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.
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