Analysts Set Expectations for American Airlines Group Inc.’s Q2 2024 Earnings (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL) – Analysts at Seaport Res Ptn lowered their Q2 2024 earnings estimates for shares of American Airlines Group in a research report issued to clients and investors 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 $2.45 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.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, beating the consensus estimate of $0.11 by $0.18. The company had revenue of $13.06 billion for the quarter, compared to analyst estimates of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. American Airlines Group’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, January 11th. JPMorgan Chase & Co. raised their target price on American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. UBS Group assumed coverage on American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target on the stock. Barclays increased their price objective on American Airlines Group from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, January 26th. Finally, Citigroup reaffirmed a “buy” rating and set a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.53.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $13.89 on Tuesday. The company has a fifty day moving average of $14.56 and a two-hundred day moving average of $13.56. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The stock has a market capitalization of $9.09 billion, a PE ratio of 12.63, a P/E/G ratio of 0.11 and a beta of 1.57.

Institutional Trading of American Airlines Group

Several institutional investors have recently made changes to their positions in AAL. Vermillion & White Wealth Management Group LLC purchased a new position in American Airlines Group during the fourth quarter worth about $27,000. Gables Capital Management Inc. boosted its position in shares of American Airlines Group by 100.0% during the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after purchasing an additional 1,000 shares during the period. RVW Wealth LLC purchased a new position in shares of American Airlines Group during the 3rd quarter worth approximately $27,000. GoalVest Advisory LLC purchased a new stake in American Airlines Group in the first quarter valued at approximately $38,000. Finally, Quarry LP purchased a new stake in American Airlines Group in the fourth quarter valued at approximately $34,000. Hedge funds and other 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.