American Airlines Group (NASDAQ:AAL) Releases Q2 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.150-1.450 for the period, compared to the consensus earnings per share estimate of 1.180. The company issued revenue guidance of -. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.

American Airlines Group Price Performance

Shares of AAL traded down $0.25 during mid-day trading on Friday, hitting $13.88. 36,486,942 shares of the company’s stock were exchanged, compared to its average volume of 34,585,641. American Airlines Group has a 52 week low of $10.86 and a 52 week high of $19.08. 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 cap of $9.09 billion, a PE ratio of 12.62, a P/E/G ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The firm 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 firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. On average, analysts anticipate that American Airlines Group will post 2.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on AAL shares. UBS Group started coverage on American Airlines Group in a report on Wednesday, March 20th. They issued a buy rating and a $19.00 target price on the stock. Barclays upped their target price on American Airlines Group from $13.00 to $14.00 and gave the stock an underweight rating in a research report on Friday, January 26th. Sanford C. Bernstein upped their price target on American Airlines Group from $20.00 to $21.00 and gave the stock an outperform rating in a report on Tuesday, March 5th. Seaport Res Ptn upgraded American Airlines Group from a neutral rating to a buy rating in a report on Friday, January 26th. Finally, TD Cowen upgraded American Airlines Group from a market perform rating to an outperform rating and upped their price objective for the company from $14.00 to $21.00 in a research note on Friday, January 26th. Two equities research 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. According to MarketBeat.com, American Airlines Group presently has a consensus rating of Hold and a consensus price target of $17.53.

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.