American Airlines Group (NASDAQ:AAL) Releases FY 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.250-3.250 for the period, compared to the consensus estimate of 2.350. The company issued revenue guidance of -. American Airlines Group also updated its FY24 guidance to $2.25-3.25 EPS.

Wall Street Analyst Weigh In

AAL has been the subject of several analyst reports. Citigroup reissued a buy rating and set a $20.00 price target on shares of American Airlines Group in a report on Thursday, March 14th. Morgan Stanley reaffirmed an overweight rating and issued a $20.00 target price on shares of American Airlines Group in a research note on Tuesday, March 5th. Jefferies Financial Group raised shares of American Airlines Group from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Thursday, January 11th. Wolfe Research raised shares of American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 price target for the company in a research report on Monday, January 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an overweight rating in a report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $17.53.

American Airlines Group Stock Down 1.8 %

Shares of AAL traded down $0.25 during mid-day trading on Friday, hitting $13.88. 36,486,942 shares of the company’s stock were exchanged, compared to its average volume of 34,585,641. The firm has a fifty day moving average of $14.46 and a two-hundred day moving average of $13.63. American Airlines Group has a twelve month low of $10.86 and a twelve month high of $19.08. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last posted its earnings results 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 firm had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 earnings per share. On average, equities analysts predict 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.