American Airlines Group (NASDAQ:AAL) Releases FY 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.350-1.600 for the period, compared to the consensus EPS estimate of 1.210. The company issued revenue guidance of -. American Airlines Group also updated its Q4 guidance to $0.25-0.50 EPS.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $13.15 on Friday. The business has a 50-day moving average of $11.28 and a two-hundred day moving average of $11.77. The firm has a market capitalization of $8.63 billion, a PE ratio of 21.92, a P/E/G ratio of 0.26 and a beta of 1.43. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. As a group, research analysts anticipate that American Airlines Group will post 1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AAL. Sanford C. Bernstein lowered shares of American Airlines Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $18.00 to $12.00 in a report on Monday, July 22nd. Bank of America upped their target price on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday. Barclays lowered their target price on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Finally, Susquehanna increased their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.40.

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.