American Airlines Group (NASDAQ:AAL – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $2.25-3.25 for the period, compared to the consensus earnings per share estimate of $2.34. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.
Analyst Ratings Changes
Several brokerages have issued reports on AAL. TD Cowen raised American Airlines Group from a market perform rating to an outperform rating and raised their target price for the stock from $14.00 to $21.00 in a research report on Friday, January 26th. Morgan Stanley reissued an overweight rating and issued a $20.00 target price on shares of American Airlines Group in a research report on Tuesday, March 5th. Sanford C. Bernstein raised their target price on American Airlines Group from $20.00 to $21.00 and gave the stock an outperform rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. raised their target price on American Airlines Group from $19.00 to $22.00 and gave the stock an overweight rating in a research report on Friday, January 26th. Finally, UBS Group initiated coverage on American Airlines Group in a research note on Wednesday, March 20th. They issued a buy rating and a $19.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, American Airlines Group presently has a consensus rating of Hold and an average price target of $17.53.
Check Out Our Latest Analysis on AAL
American Airlines Group Trading Down 1.8 %
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share 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 the consensus estimate of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS. Equities analysts anticipate that American Airlines Group will post 2.67 EPS for the current year.
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.
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