American Airlines Group Inc. (NASDAQ:AAL) to Post Q2 2024 Earnings of $1.20 Per Share, Seaport Res Ptn Forecasts

American Airlines Group Inc. (NASDAQ:AAL - Free Report) - Seaport Res Ptn decreased their Q2 2024 earnings per share (EPS) estimates for American Airlines Group in a report released on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the airline will earn $1.20 per share for the quarter, down from their previous forecast of $1.30. Seaport Res Ptn currently has a "Buy" rating on the stock. The consensus estimate for American Airlines Group's current full-year earnings is $2.53 per share. Seaport Res Ptn also issued estimates for American Airlines Group's Q4 2024 earnings at $0.85 EPS and FY2024 earnings at $2.80 EPS.

Several other analysts have also recently weighed in on AAL. Morgan Stanley reissued an "overweight" rating and set a $20.00 price target on shares of American Airlines Group in a report on Tuesday, March 5th. Citigroup reissued a "buy" rating and set a $20.00 price target on shares of American Airlines Group in a report on Thursday, March 14th. Wolfe Research raised American Airlines Group from a "peer perform" rating to an "outperform" rating and set a $17.00 price target for the company in a report on Monday, January 22nd. Sanford C. Bernstein lifted their price target on American Airlines Group from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Tuesday, March 5th. Finally, Evercore ISI restated a "hold" rating and set a $17.00 price objective on shares of American Airlines Group in a research note on Monday, January 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $17.53.

American Airlines Group Stock Performance

NASDAQ:AAL traded up $0.09 during mid-day trading on Tuesday, hitting $13.03. 26,408,270 shares of the stock were exchanged, compared to its average volume of 34,007,676. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57. The firm's 50-day simple moving average is $14.62 and its 200 day simple moving average is $13.56. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, beating the consensus estimate of $0.11 by $0.18. The firm had revenue of $13.06 billion during the quarter, compared to analysts' expectations of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The business's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 earnings per share.

Hedge Funds Weigh In On American Airlines Group

Several hedge funds and other institutional investors have recently modified their holdings of AAL. Empirical Finance LLC boosted its holdings in shares of American Airlines Group by 13.2% during the 3rd quarter. Empirical Finance LLC now owns 21,159 shares of the airline's stock valued at $271,000 after acquiring an additional 2,462 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of American Airlines Group during the 4th quarter valued at $1,171,000. Assenagon Asset Management S.A. boosted its holdings in shares of American Airlines Group by 7,871.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline's stock valued at $24,211,000 after acquiring an additional 1,739,977 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in shares of American Airlines Group by 15.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 38,500 shares of the airline's stock valued at $529,000 after acquiring an additional 5,067 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of American Airlines Group by 1,291.7% during the 4th quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline's stock valued at $29,590,000 after acquiring an additional 199,897 shares in the last quarter. Institutional investors own 52.44% of the company's stock.

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.