Q2 2024 EPS Estimates for American Airlines Group Inc. (NASDAQ:AAL) Increased by Analyst

American Airlines Group Inc. (NASDAQ:AAL - Free Report) - Equities researchers at Zacks Research raised their Q2 2024 EPS estimates for shares of American Airlines Group in a research note issued to investors on Thursday, May 16th. Zacks Research analyst M. Basu now forecasts that the airline will earn $1.28 per share for the quarter, up from their previous forecast of $1.13. The consensus estimate for American Airlines Group's current full-year earnings is $2.54 per share. Zacks Research also issued estimates for American Airlines Group's Q3 2024 earnings at $1.04 EPS, Q2 2025 earnings at $0.90 EPS, Q3 2025 earnings at $0.92 EPS and FY2025 earnings at $3.01 EPS.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The firm had revenue of $12.57 billion during the quarter, compared to analysts' expectations of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The company's revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 earnings per share.

AAL has been the subject of a number of other reports. HSBC assumed coverage on shares of American Airlines Group in a report on Monday. They set a "buy" rating and a $17.90 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, January 26th. Wolfe Research raised shares of American Airlines Group from a "peer perform" rating to an "outperform" rating and set a $17.00 price objective for the company in a report on Monday, January 22nd. TD Cowen raised shares of American Airlines Group from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $14.00 to $21.00 in a report on Friday, January 26th. Finally, Sanford C. Bernstein increased their price objective on shares of American Airlines Group from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, American Airlines Group presently has a consensus rating of "Moderate Buy" and an average price target of $17.62.

American Airlines Group Stock Performance

AAL traded down $0.06 during trading on Friday, reaching $14.73. 18,462,824 shares of the company traded hands, compared to its average volume of 33,274,379. American Airlines Group has a 12-month low of $10.86 and a 12-month high of $19.08. The firm has a fifty day simple moving average of $14.25 and a 200 day simple moving average of $13.92. The company has a market cap of $9.66 billion, a P/E ratio of 24.55, a PEG ratio of 0.22 and a beta of 1.57.

Institutional Trading of American Airlines Group

Institutional investors have recently bought and sold shares of the stock. Jupiter Asset Management Ltd. bought a new stake in shares of American Airlines Group during the third quarter worth $59,411,000. Invesco Ltd. lifted its position in shares of American Airlines Group by 28.3% during the third quarter. Invesco Ltd. now owns 12,119,358 shares of the airline's stock worth $155,249,000 after purchasing an additional 2,672,793 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of American Airlines Group during the third quarter worth $28,867,000. Barclays PLC lifted its position in shares of American Airlines Group by 191.7% during the third quarter. Barclays PLC now owns 3,333,370 shares of the airline's stock worth $42,448,000 after purchasing an additional 2,190,456 shares during the last quarter. Finally, U S Global Investors Inc. lifted its position in shares of American Airlines Group by 18.7% during the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline's stock worth $174,159,000 after purchasing an additional 2,001,247 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors.

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.