American Airlines Group (NASDAQ:AAL – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 1.150-1.450 for the period, compared to the consensus EPS 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
Several research firms have commented on AAL. Wolfe Research raised American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 price objective on the stock in a research report on Monday, January 22nd. Barclays lifted their price objective on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an underweight rating in a research report on Friday, January 26th. Seaport Res Ptn upgraded shares of American Airlines Group from a neutral rating to a buy rating in a report on Friday, January 26th. Citigroup reaffirmed a buy rating and set a $20.00 price objective on shares of American Airlines Group in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an overweight rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $17.53.
View Our Latest Research Report on AAL
American Airlines Group Stock Performance
American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its quarterly earnings data 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 analysts’ expectations of $12.60 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.05 earnings per share. On average, equities analysts anticipate that American Airlines Group will post 2.45 earnings per share 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.
Recommended Stories
- Five stocks we like better than American Airlines Group
- 3 Healthcare Dividend Stocks to Buy
- 3 Stocks Leading the U.S. Agriculture Comeback
- What Are Dividend Challengers?
- How to Use Put Debit Spreads to Profit From Falling Stocks
- How to Use Stock Screeners to Find Stocks
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.