American Airlines Group (NASDAQ:AAL – Get Free Report) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.150-1.450 for the period, compared to the consensus 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 Ratings Changes
A number of research analysts recently weighed in on the stock. Sanford C. Bernstein raised their target price on shares of American Airlines Group from $20.00 to $21.00 and gave the company an outperform rating in a research report on Tuesday, March 5th. Seaport Res Ptn raised shares of American Airlines Group from a neutral rating to a buy rating in a research report on Friday, January 26th. Evercore ISI reaffirmed a hold rating and issued a $17.00 target price on shares of American Airlines Group in a research report on Monday, January 29th. TD Cowen raised shares of American Airlines Group from a market perform rating to an outperform rating and raised their target price for the company from $14.00 to $21.00 in a research report on Friday, January 26th. Finally, UBS Group assumed coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They issued a buy rating and a $19.00 target price for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, American Airlines Group currently has a consensus rating of Hold and a consensus price target of $17.53.
Read Our Latest Stock Analysis on AAL
American Airlines Group Stock Down 1.8 %
American Airlines Group (NASDAQ:AAL – Get Free Report) last posted its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The company had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. As a group, equities research analysts expect that American Airlines Group will post 2.67 EPS for the current year.
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.
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