American Airlines Group (NASDAQ:AAL) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

American Airlines Group (NASDAQ:AAL) released its earnings results on Thursday. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06), Briefing.com reports. The business had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share.

American Airlines Group Price Performance

NASDAQ:AAL opened at $13.88 on Friday. The company has a market cap of $9.09 billion, a P/E ratio of 23.13, a P/E/G ratio of 0.11 and a beta of 1.57. The stock’s fifty day moving average price is $14.46 and its two-hundred day moving average price is $13.63. American Airlines Group has a 1 year low of $10.86 and a 1 year high of $19.08.

Analysts Set New Price Targets

AAL has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $20.00 target price on shares of American Airlines Group in a report on Tuesday, March 5th. Sanford C. Bernstein upped their target price on American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Citigroup reaffirmed a “buy” rating and issued a $20.00 target price on shares of American Airlines Group in a report on Thursday, March 14th. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, January 11th. Finally, JPMorgan Chase & Co. increased their price objective on American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating 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 company. Based on data from MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and an average target price of $17.53.

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.