American Airlines Group (NASDAQ:AAL) Updates Q4 Earnings Guidance

by · The Cerbat Gem

American Airlines Group (NASDAQ:AAL – Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.25-0.50 for the period, compared to the consensus earnings per share estimate of $0.32. American Airlines Group also updated its FY 2024 guidance to 1.350-1.600 EPS.

Analyst Ratings Changes

A number of brokerages have issued reports on AAL. JPMorgan Chase & Co. lifted their price target on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday. BNP Paribas raised American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Susquehanna boosted their target price on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. TD Cowen boosted their target price on American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday. Finally, Bank of America boosted their target price on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and a consensus price target of $13.40.

View Our Latest Report on AAL

American Airlines Group Stock Up 2.9 %

Shares of AAL traded up $0.37 on Friday, reaching $13.15. The stock had a trading volume of 44,232,152 shares, compared to its average volume of 34,918,637. The firm has a market capitalization of $8.63 billion, a PE ratio of 22.03, a PEG ratio of 0.26 and a beta of 1.43. The firm has a 50-day moving average of $11.22 and a 200 day moving average of $11.79. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15.

American Airlines Group (NASDAQ:AAL – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, sell-side analysts anticipate that American Airlines Group will post 1.22 earnings per share for the current fiscal year.

American Airlines Group Company Profile

(Get Free Report)

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.

See Also