American Airlines Group (NASDAQ:AAL) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

American Airlines Group (NASDAQ:AAL) issued its quarterly earnings data on Thursday. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06), Briefing.com reports. The company had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 earnings per share.

American Airlines Group Price Performance

American Airlines Group stock traded down $0.41 during trading hours on Friday, hitting $13.72. The stock had a trading volume of 19,123,603 shares, compared to its average volume of 34,359,641. American Airlines Group has a 1-year low of $10.86 and a 1-year high of $19.08. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.11 and a beta of 1.57. The stock’s fifty day moving average is $14.47 and its two-hundred day moving average is $13.61.

Analyst Upgrades and Downgrades

AAL has been the topic of a number of analyst reports. Sanford C. Bernstein raised their price objective on shares of American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Citigroup restated a “buy” rating and issued a $20.00 price objective on shares of American Airlines Group in a report on Thursday, March 14th. UBS Group initiated coverage on shares of American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price objective on the stock. TD Cowen upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $21.00 in a report on Friday, January 26th. Finally, Evercore ISI restated a “hold” rating and issued a $17.00 price objective on shares of American Airlines Group in a report on Monday, January 29th. 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. According to data from MarketBeat, American Airlines Group currently has an average rating of “Hold” and an average price target of $17.53.

About American Airlines Group

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.