American Airlines Group (NASDAQ:AAL) Issues Q4 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.25-0.50 for the period, compared to the consensus earnings per share estimate of $0.32. American Airlines Group also updated its FY 2024 guidance to 1.350-1.600 EPS.

American Airlines Group Trading Up 2.9 %

AAL stock traded up $0.37 during midday trading on Friday, reaching $13.15. 44,350,761 shares of the company’s stock traded hands, compared to its average volume of 34,918,906. The stock’s 50-day moving average is $11.28 and its 200 day moving average is $11.78. The stock has a market cap of $8.63 billion, a P/E ratio of 21.92, a PEG ratio of 0.26 and a beta of 1.43. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. As a group, research analysts expect that American Airlines Group will post 1.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AAL has been the topic of a number of recent research reports. TD Securities decreased their price target on shares of American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Sanford C. Bernstein downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $18.00 to $12.00 in a report on Monday, July 22nd. BNP Paribas raised American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Jefferies Financial Group raised their price objective on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. Finally, Bank of America boosted their target price on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research report on Friday. Two investment 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. According to data from MarketBeat, American Airlines Group currently has an average rating of “Hold” and a consensus target price of $13.40.

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.