American Airlines Group (NASDAQ:AAL) Issues FY 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.350-1.600 for the period, compared to the consensus earnings per share estimate of 1.210. The company issued revenue guidance of -. American Airlines Group also updated its Q4 guidance to $0.25-0.50 EPS.

Analyst Ratings Changes

A number of research firms recently weighed in on AAL. Bank of America upped their price target on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a report on Friday. Sanford C. Bernstein cut American Airlines Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $18.00 to $12.00 in a report on Monday, July 22nd. Evercore lowered their price objective on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Jefferies Financial Group raised their price target on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lifted their target price on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.40.

American Airlines Group Stock Performance

NASDAQ AAL traded up $0.37 during trading on Friday, reaching $13.15. 44,232,152 shares of the company traded hands, compared to its average volume of 34,918,637. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 0.26 and a beta of 1.43. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $16.15. The stock’s 50 day moving average price is $11.22 and its two-hundred day moving average price is $11.79.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts expect that American Airlines Group will post 1.22 EPS for the current fiscal 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.