American Airlines Group (NASDAQ:AAL) Updates Q2 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL - Get Free Report) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.150-1.450 for the period, compared to the consensus earnings per share estimate of 1.180. The company issued revenue guidance of -. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AAL. UBS Group assumed coverage on American Airlines Group in a research note on Wednesday, March 20th. They set a buy rating and a $19.00 price objective for the company. Wolfe Research upgraded 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. Seaport Res Ptn upgraded American Airlines Group from a neutral rating to a buy rating in a research note on Friday, January 26th. JPMorgan Chase & Co. boosted their price target on American Airlines Group from $19.00 to $22.00 and gave the stock an overweight rating in a research note on Friday, January 26th. Finally, Sanford C. Bernstein boosted their price target on American Airlines Group from $20.00 to $21.00 and gave the stock an outperform rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, American Airlines Group currently has a consensus rating of Hold and an average price target of $17.53.

American Airlines Group Stock Up 1.5 %

NASDAQ:AAL traded up $0.21 during mid-day trading on Thursday, hitting $14.13. 58,306,357 shares of the company traded hands, compared to its average volume of 34,561,086. The stock's fifty day moving average price is $14.47 and its 200-day moving average price is $13.61. American Airlines Group has a one year low of $10.86 and a one year high of $19.08. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 0.12 and a beta of 1.57.

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, beating the consensus estimate of $0.11 by $0.18. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The business had revenue of $13.06 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. American Airlines Group's revenue for the quarter was down 1.0% on a year-over-year basis. Equities analysts predict that American Airlines Group will post 2.45 EPS for the current year.

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.