American Airlines Group (NASDAQ:AAL) Issues Q3 2021 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated its third quarter 2021 earnings guidance on Thursday. The company provided EPS guidance of $-1.040-$-0.960 for the period, compared to the Thomson Reuters consensus EPS estimate of $-1.200. The company issued revenue guidance of $8.96 billion-$8.96 billion, compared to the consensus revenue estimate of $8.85 billion.

Several equities research analysts recently commented on the company. The Goldman Sachs Group cut American Airlines Group from a neutral rating to a sell rating and decreased their target price for the stock from $19.00 to $18.00 in a research note on Wednesday, October 6th. Deutsche Bank Aktiengesellschaft reissued a buy rating and issued a $23.00 price objective on shares of American Airlines Group in a research note on Friday, August 6th. Redburn Partners assumed coverage on American Airlines Group in a research note on Wednesday, August 11th. They issued a buy rating for the company. Citigroup upgraded American Airlines Group from a sell rating to a neutral rating and set a $21.50 target price on the stock in a report on Wednesday, July 14th. Finally, Susquehanna Bancshares upgraded American Airlines Group to a neutral rating and raised their target price for the company from $18.00 to $20.00 in a report on Tuesday, July 27th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $20.80.

American Airlines Group stock traded up $0.22 during mid-day trading on Thursday, reaching $19.83. 202,584 shares of the company’s stock were exchanged, compared to its average volume of 39,182,164. The business’s fifty day simple moving average is $20.10 and its 200 day simple moving average is $21.45. The firm has a market capitalization of $12.84 billion, a PE ratio of -1.87 and a beta of 1.78. American Airlines Group has a one year low of $10.63 and a one year high of $26.09.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Wednesday, July 21st. The airline reported ($1.69) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.71) by $0.02. The firm had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.48 billion. The business’s quarterly revenue was up 361.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($7.82) earnings per share. As a group, equities research analysts anticipate that American Airlines Group will post -6.89 earnings per share for the current year.

About American Airlines Group

American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific.

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Earnings History and Estimates for American Airlines Group (NASDAQ:AAL)

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