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

American Airlines Group (NASDAQ:AAL) posted its earnings results on Thursday. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06), Briefing.com reports. The company had revenue of $12.57 billion during the quarter, compared to analysts’ expectations of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.05 earnings per share.

American Airlines Group Stock Down 1.8 %

Shares of AAL opened at $13.88 on Friday. The company has a 50-day simple moving average of $14.46 and a 200-day simple moving average of $13.63. The company has a market capitalization of $9.09 billion, a PE ratio of 23.13, a P/E/G ratio of 0.11 and a beta of 1.57. American Airlines Group has a 52-week low of $10.86 and a 52-week high of $19.08.

Analyst Ratings Changes

A number of analysts recently weighed in on AAL shares. JPMorgan Chase & Co. increased their price target on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, January 11th. Wolfe Research upgraded 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 research note on Monday, January 22nd. Finally, UBS Group started coverage on shares of American Airlines Group in a research note on Wednesday, March 20th. They set a “buy” rating and a $19.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.53.

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.