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

American Airlines Group (NASDAQ:AAL) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.15-1.45 for the period, compared to the consensus estimate of $1.15. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.

American Airlines Group Stock Down 1.8 %

Shares of AAL stock traded down $0.25 during trading hours on Friday, reaching $13.88. 36,527,836 shares of the stock traded hands, compared to its average volume of 33,690,384. The firm has a market capitalization of $9.09 billion, a PE ratio of 23.13, a PEG ratio of 0.11 and a beta of 1.57. The business has a fifty day moving average price of $14.46 and a 200 day moving average price of $13.63. American Airlines Group has a 1-year low of $10.86 and a 1-year high of $19.08.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The company 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 0.94% and a negative return on equity of 31.65%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 EPS. Research analysts expect that American Airlines Group will post 2.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. TD Cowen upgraded shares of 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 note on Friday, January 26th. 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. Morgan Stanley restated an overweight rating and set a $20.00 price target on shares of American Airlines Group in a research note on Tuesday, March 5th. Wolfe Research upgraded shares of American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 price target on the stock in a research note on Monday, January 22nd. Finally, Barclays raised their price target on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an underweight rating in a research report on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, 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.