American Airlines Group (NASDAQ:AAL) Releases Q2 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.15-1.45 for the period, compared to the consensus earnings per share estimate of $1.15. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.

American Airlines Group Stock Down 1.8 %

NASDAQ AAL opened at $13.88 on Friday. The stock has a market cap of $9.09 billion, a PE ratio of 23.13, a P/E/G ratio of 0.11 and a beta of 1.57. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The business has a 50 day moving average price of $14.46 and a two-hundred day moving average price of $13.64.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The company 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 firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 EPS. Sell-side analysts anticipate that American Airlines Group will post 2.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AAL shares. Citigroup reiterated a buy rating and set a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. Jefferies Financial Group upgraded 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. Sanford C. Bernstein increased their target price on American Airlines Group from $20.00 to $21.00 and gave the company an outperform rating in a research note on Tuesday, March 5th. TD Cowen upgraded American Airlines Group from a market perform rating to an outperform rating and increased their target price for the company from $14.00 to $21.00 in a research note on Friday, January 26th. Finally, Morgan Stanley reiterated an overweight rating and set a $20.00 target price on shares of American Airlines Group 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price 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.