American Airlines Group (NASDAQ:AAL) Releases Q2 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated 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.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL traded down $0.25 during midday trading on Friday, reaching $13.88. 36,486,942 shares of the company’s stock traded hands, compared to its average volume of 34,585,641. The company 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 has a one year low of $10.86 and a one year high of $19.08. The stock has a 50 day moving average of $14.46 and a 200 day moving average of $13.63.

American Airlines Group (NASDAQ:AAL) last announced its quarterly 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 business had revenue of $12.57 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. Sell-side analysts predict that American Airlines Group will post 2.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Sanford C. Bernstein upped their price objective on American Airlines Group from $20.00 to $21.00 and gave the company an outperform rating in a research report on Tuesday, March 5th. Morgan Stanley reiterated an overweight rating and set a $20.00 price objective on shares of American Airlines Group in a research report on Tuesday, March 5th. JPMorgan Chase & Co. upped their price objective on American Airlines Group from $19.00 to $22.00 and gave the company an overweight rating in a research report on Friday, January 26th. TD Cowen upgraded American Airlines Group from a market perform rating to an outperform rating and upped their price objective for the company from $14.00 to $21.00 in a research report on Friday, January 26th. Finally, Citigroup reiterated a buy rating and set a $20.00 price objective on shares of American Airlines Group in a research report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $17.53.

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.