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

American Airlines Group (NASDAQ:AAL) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.15-1.45 for the period, compared to the consensus estimate of $1.15. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.

American Airlines Group Stock Down 1.8 %

American Airlines Group stock traded down $0.25 during midday trading on Friday, reaching $13.88. The company’s stock had a trading volume of 36,486,942 shares, compared to its average volume of 34,585,641. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The company has a market cap of $9.09 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.11 and a beta of 1.57. The business has a 50-day simple moving average of $14.47 and a 200-day simple moving average of $13.61.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The firm had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same quarter last year, the firm posted $0.05 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that American Airlines Group will post 2.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group assumed coverage on American Airlines Group in a report on Wednesday, March 20th. They set a buy rating and a $19.00 price target on the stock. Evercore ISI reaffirmed a hold rating and issued a $17.00 price objective on shares of American Airlines Group in a report on Monday, January 29th. TD Cowen upgraded American Airlines Group from a market perform rating to an outperform rating and upped their price target for the stock from $14.00 to $21.00 in a report on Friday, January 26th. JPMorgan Chase & Co. upped their price target on American Airlines Group from $19.00 to $22.00 and gave the stock an overweight rating in a report on Friday, January 26th. Finally, Barclays upped their price target on American Airlines Group from $13.00 to $14.00 and gave the stock an underweight rating in a report on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price 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.