American Airlines Group (NASDAQ:AAL – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.350-1.600 for the period, compared to the consensus estimate of 1.210. The company issued revenue guidance of -. American Airlines Group also updated its Q4 guidance to $0.25-0.50 EPS.
American Airlines Group Stock Performance
Shares of AAL traded up $0.37 during trading hours on Friday, hitting $13.15. 44,350,761 shares of the stock were exchanged, compared to its average volume of 34,918,906. The stock’s 50-day moving average price is $11.28 and its two-hundred day moving average price is $11.78. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $16.15.
American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. On average, research analysts expect that American Airlines Group will post 1.22 earnings per share for the current year.
Analyst Ratings Changes
Read Our Latest Stock Analysis on AAL
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.
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