American Airlines Group (NASDAQ:AAL) Updates Q4 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.250-0.500 for the period, compared to the consensus earnings per share estimate of 0.270. The company issued revenue guidance of -. American Airlines Group also updated its FY 2024 guidance to 1.350-1.600 EPS.

American Airlines Group Stock Down 0.4 %

NASDAQ AAL traded down $0.05 during trading on Thursday, reaching $12.78. 65,487,835 shares of the stock traded hands, compared to its average volume of 34,872,938. The stock’s 50-day moving average price is $11.22 and its 200 day moving average price is $11.79. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $16.15.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping the consensus estimate of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The business had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. During the same quarter last year, the business posted $1.92 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that American Airlines Group will post 1.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AAL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on shares of American Airlines Group from $21.00 to $15.00 in a research note on Friday, July 26th. Susquehanna lifted their target price on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. TD Securities reduced their price target on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. TD Cowen lifted their price objective on shares of American Airlines Group from $7.00 to $9.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Finally, BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Airlines Group presently has an average rating of “Hold” and an average price target of $13.09.

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.