American Airlines Group (NASDAQ:AAL – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.250-3.250 for the period, compared to the consensus estimate of 2.350. The company issued revenue guidance of -. American Airlines Group also updated its FY24 guidance to $2.25-3.25 EPS.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Citigroup reissued a buy rating and set a $20.00 price objective on shares of American Airlines Group in a report on Thursday, March 14th. Morgan Stanley restated an overweight rating and set a $20.00 target price on shares of American Airlines Group in a research report on Tuesday, March 5th. Barclays upped their target price on shares of American Airlines Group from $13.00 to $14.00 and gave the company an underweight rating in a research report on Friday, January 26th. Evercore ISI restated a hold rating and set a $17.00 target price on shares of American Airlines Group in a research report on Monday, January 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of American Airlines Group from $19.00 to $22.00 and gave the company an overweight rating in a research report on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $17.53.
Read Our Latest Stock Analysis on American Airlines Group
American Airlines Group Stock Performance
American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The company had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 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 up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. On average, equities research analysts predict that American Airlines Group will post 2.45 EPS for the current fiscal year.
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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