American Airlines Group (NASDAQ:AAL – Get Free Report) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.15-1.45 for the period, compared to the consensus 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 %
American Airlines Group stock traded down $0.25 during midday trading on Friday, reaching $13.88. The company’s stock had a trading volume of 36,486,942 shares, compared to its average volume of 34,585,641. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The company has a market cap of $9.09 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.11 and a beta of 1.57. The business has a 50-day simple moving average of $14.47 and a 200-day simple moving average of $13.61.
American Airlines Group (NASDAQ:AAL – Get Free Report) last posted its earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The firm had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same quarter last year, the firm posted $0.05 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that American Airlines Group will post 2.45 earnings per share for the current year.
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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.
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