American Airlines Group (NASDAQ:AAL) Posts Earnings Results, Beats Estimates By $0.14 EPS

American Airlines Group (NASDAQ:AAL) released its earnings results on Thursday. The airline reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14, Briefing.com reports. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same period in the previous year, the company earned $0.38 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis.

American Airlines Group Price Performance

NASDAQ AAL traded up $0.37 during trading on Friday, reaching $13.15. The company’s stock had a trading volume of 44,350,761 shares, compared to its average volume of 34,918,906. The firm has a fifty day moving average of $11.28 and a 200 day moving average of $11.77. American Airlines Group has a one year low of $9.07 and a one year high of $16.15. The stock has a market capitalization of $8.63 billion, a PE ratio of 21.92, a P/E/G ratio of 0.26 and a beta of 1.43.

Analysts Set New Price Targets

Several equities analysts recently commented on AAL shares. JPMorgan Chase & Co. upped their price objective on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. TD Securities decreased their price objective on American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Evercore ISI upped their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, TD Cowen lifted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.