American Airlines Group (NASDAQ:AAL) Announces Earnings Results

American Airlines Group (NASDAQ:AAL) announced its quarterly earnings results on Thursday. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06), Briefing.com reports. The company 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 quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS.

American Airlines Group Stock Down 1.8 %

Shares of AAL stock traded down $0.25 on Friday, reaching $13.88. The company had a trading volume of 36,527,836 shares, compared to its average volume of 33,690,384. The stock has a market capitalization of $9.09 billion, a PE ratio of 23.13, a price-to-earnings-growth 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 business’s 50-day moving average is $14.46 and its 200 day moving average is $13.63.

Wall Street Analysts Forecast Growth

AAL has been the topic of a number of research reports. Seaport Res Ptn raised shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. upped their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Wolfe Research upgraded shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a report on Monday, January 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $20.00 price objective on shares of American Airlines Group in a report on Tuesday, March 5th. Finally, Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, January 11th. Two equities 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. Based on data from MarketBeat, American Airlines Group has a consensus rating of “Hold” and a consensus 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.