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

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

American Airlines Group Stock Performance

AAL stock traded up $0.37 during midday trading on Friday, hitting $13.15. 44,350,761 shares of the stock were exchanged, compared to its average volume of 34,918,906. The stock’s 50-day moving average price is $11.28 and its 200-day moving average price is $11.78. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 21.92, a PEG 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 released its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. American Airlines Group’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. Research analysts anticipate that American Airlines Group will post 1.22 EPS for the current year.

Analyst Upgrades and Downgrades

AAL has been the subject of a number of recent analyst reports. Evercore ISI lifted their price objective on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their price target on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday. TD Securities lowered their price target on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Evercore lowered their price target on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. 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 research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.