American Airlines Group (AAL) Scheduled to Post Quarterly Earnings on Thursday

American Airlines Group (NASDAQ:AAL - Get Free Report) will issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of ($0.28) per share for the quarter. American Airlines Group has set its Q1 guidance at ($0.35)-($0.15) EPS and its FY24 guidance at $2.25-$3.25 EPS.Parties that are interested in participating in the company's conference call can do so using this link.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.18. The company had revenue of $13.06 billion for the quarter, compared to analysts' expectations of $13.01 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The firm's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. On average, analysts expect American Airlines Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

American Airlines Group Stock Up 0.9 %

Shares of AAL traded up $0.13 during mid-day trading on Thursday, reaching $14.02. 34,901,800 shares of the stock traded hands, compared to its average volume of 34,267,145. The stock has a fifty day simple moving average of $14.56 and a 200 day simple moving average of $13.56. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 0.11 and a beta of 1.57. American Airlines Group has a 12-month low of $10.86 and a 12-month high of $19.08.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AAL. Morgan Stanley restated an "overweight" rating and issued a $20.00 price target on shares of American Airlines Group in a research note on Tuesday, March 5th. Sanford C. Bernstein lifted their price target on shares of American Airlines Group from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 5th. Wolfe Research upgraded shares of American Airlines Group from a "peer perform" rating to an "outperform" rating and set a $17.00 price target for the company in a research note on Monday, January 22nd. Evercore ISI reaffirmed a "hold" rating and issued a $17.00 price objective on shares of American Airlines Group in a report on Monday, January 29th. Finally, Seaport Res Ptn raised shares of American Airlines Group from a "neutral" rating to a "buy" rating in a report on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $17.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its stake in shares of American Airlines Group by 502.0% in the first quarter. The Manufacturers Life Insurance Company now owns 2,986,179 shares of the airline's stock valued at $54,498,000 after buying an additional 2,490,121 shares in the last quarter. Renaissance Technologies LLC bought a new stake in American Airlines Group in the 1st quarter valued at approximately $44,800,000. Norges Bank bought a new stake in American Airlines Group in the 4th quarter valued at approximately $22,039,000. Point72 Asset Management L.P. lifted its stake in American Airlines Group by 796.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,793,568 shares of the airline's stock valued at $32,177,000 after acquiring an additional 1,593,568 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in American Airlines Group by 23.6% in the 1st quarter. Invesco Ltd. now owns 7,247,250 shares of the airline's stock valued at $132,261,000 after acquiring an additional 1,382,569 shares in the last quarter. 52.44% of the stock is 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.