American Airlines Group (NASDAQ:AAL) Releases Q4 2024 Earnings Guidance

by · The Markets Daily

American Airlines Group (NASDAQ:AAL – Get Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.250-0.500 for the period, compared to the consensus estimate of 0.270. The company issued revenue guidance of -. American Airlines Group also updated its FY 2024 guidance to 1.350-1.600 EPS.

American Airlines Group Price Performance

Shares of AAL stock traded up $0.37 during mid-day trading on Friday, hitting $13.15. The stock had a trading volume of 44,232,152 shares, compared to its average volume of 34,918,637. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $16.15. The firm has a market capitalization of $8.63 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. The firm’s 50-day moving average is $11.22 and its two-hundred day moving average is $11.79.

American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion during 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 for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. Analysts expect that American Airlines Group will post 1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

AAL has been the subject of a number of research reports. Sanford C. Bernstein cut American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. TD Cowen upped their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday. Evercore lowered their price objective on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Evercore ISI boosted their target price on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, Bank of America upped their price objective on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.40.

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American Airlines Group Company Profile

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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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