Seaport Res Ptn Brokers Raise Earnings Estimates for American Airlines Group Inc. (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL) – Investment analysts at Seaport Res Ptn boosted their Q3 2024 earnings estimates for shares of American Airlines Group in a report issued on Monday, June 24th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the airline will earn $0.75 per share for the quarter, up from their prior estimate of $0.60. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for American Airlines Group’s current full-year earnings is $2.07 per share. Seaport Res Ptn also issued estimates for American Airlines Group’s Q4 2024 earnings at $0.70 EPS and FY2024 earnings at $2.25 EPS.

American Airlines Group (NASDAQ:AAL) last released 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). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis.

A number of other brokerages have also recently commented on AAL. Susquehanna lowered their price target on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, May 30th. JPMorgan Chase & Co. lowered their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Morgan Stanley lowered their price target on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 3rd. Citigroup lowered their price target on American Airlines Group from $20.00 to $16.50 and set a “buy” rating for the company in a research note on Friday, May 31st. Finally, TD Cowen lowered their target price on American Airlines Group from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and a consensus price target of $16.53.

American Airlines Group Price Performance

Shares of AAL stock opened at $11.28 on Wednesday. The stock has a market cap of $7.40 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 0.20 and a beta of 1.49. The stock has a 50-day moving average of $12.96 and a 200-day moving average of $13.86. American Airlines Group has a one year low of $10.86 and a one year high of $19.08.

Institutional Investors Weigh In On American Airlines Group

Several large investors have recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC acquired a new stake in American Airlines Group during the 4th quarter valued at $27,000. Beaird Harris Wealth Management LLC lifted its holdings in American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in American Airlines Group during the 1st quarter valued at $38,000. Quarry LP acquired a new stake in American Airlines Group during the 4th quarter valued at $34,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in American Airlines Group during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Company Profile

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.