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

American Airlines Group (NASDAQ:AAL) posted its quarterly earnings results on Thursday. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $13.50 billion. During the same period in the prior year, the company posted $0.38 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis.

American Airlines Group Stock Up 2.9 %

Shares of AAL traded up $0.37 during trading on Friday, reaching $13.15. The company’s stock had a trading volume of 44,216,617 shares, compared to its average volume of 34,918,563. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15. 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. The company has a fifty day moving average of $11.22 and a two-hundred day moving average of $11.79.

Analysts Set New Price Targets

A number of analysts recently weighed in on AAL shares. Jefferies Financial Group lifted their price target 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. Bank of America increased their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a report on Friday. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. TD Cowen boosted their price target on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Susquehanna boosted their price target on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.40.

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.