American Airlines Group (NASDAQ:AAL) Posts Earnings Results, Misses Estimates By $0.06 EPS

American Airlines Group (NASDAQ:AAL) announced its quarterly earnings data on Thursday. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06), Briefing.com reports. The business had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 EPS.

American Airlines Group Stock Performance

AAL traded down $0.43 on Friday, reaching $13.70. 18,534,134 shares of the company’s stock were exchanged, compared to its average volume of 34,352,508. The company’s 50 day moving average is $14.47 and its 200-day moving average is $13.61. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.11 and a beta of 1.57. American Airlines Group has a twelve month low of $10.86 and a twelve month high of $19.08.

Wall Street Analyst Weigh In

AAL has been the subject of a number of recent research reports. Citigroup reiterated a “buy” rating and issued a $20.00 price target on shares of American Airlines Group in a research note on Thursday, March 14th. Morgan Stanley restated an “overweight” rating and set a $20.00 price objective on shares of American Airlines Group in a research report on Tuesday, March 5th. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. 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 report on Monday, January 22nd. Finally, UBS Group began coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price objective for the company. 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.53.

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.