American Airlines Group (NASDAQ:AAL) Updates FY24 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.25-3.25 for the period, compared to the consensus earnings per share estimate of $2.34. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.

Analysts Set New Price Targets

Several brokerages have recently commented on AAL. 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. Seaport Res Ptn upgraded shares of American Airlines Group from a neutral rating to a buy rating in a report on Friday, January 26th. Sanford C. Bernstein increased their target price on shares of American Airlines Group from $20.00 to $21.00 and gave the stock an outperform rating in a report on Tuesday, March 5th. Wolfe Research upgraded shares of American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 target price on the stock in a report on Monday, January 22nd. Finally, TD Cowen upgraded shares of American Airlines Group from a market perform rating to an outperform rating and increased their target price for the stock from $14.00 to $21.00 in a report on Friday, January 26th. Two research 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. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $17.53.

American Airlines Group Trading Down 1.8 %

Shares of NASDAQ AAL traded down $0.25 during mid-day trading on Friday, reaching $13.88. The company had a trading volume of 36,486,942 shares, compared to its average volume of 34,585,641. American Airlines Group has a 52-week low of $10.86 and a 52-week high of $19.08. The stock has a market cap of $9.09 billion, a P/E ratio of 12.62, a PEG ratio of 0.11 and a beta of 1.57. The firm has a 50 day simple moving average of $14.47 and a two-hundred day simple moving average of $13.61.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $12.57 billion for the quarter, compared to analysts’ expectations of $12.60 billion. During the same period in the previous year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities analysts expect that American Airlines Group will post 2.45 EPS for the current year.

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.