FY2024 Earnings Estimate for AAL Issued By Seaport Res Ptn

American Airlines Group Inc. (NASDAQ:AAL) – Equities research analysts at Seaport Res Ptn increased their FY2024 earnings per share (EPS) estimates for shares of American Airlines Group in a research note issued to investors on Thursday, December 5th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the airline will post earnings per share of $1.77 for the year, up from their prior forecast of $1.47. Seaport Res Ptn has a “Strong-Buy” rating on the stock. The consensus estimate for American Airlines Group’s current full-year earnings is $1.53 per share. Seaport Res Ptn also issued estimates for American Airlines Group’s Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $1.55 EPS, Q3 2025 earnings at $0.50 EPS, FY2025 earnings at $2.50 EPS and FY2027 earnings at $3.00 EPS.

Other equities research analysts have also issued research reports about the company. Bank of America raised their target price on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. UBS Group lowered American Airlines Group from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Tuesday, November 26th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. The Goldman Sachs Group reissued a “neutral” rating and set a $15.00 target price on shares of American Airlines Group in a research report on Friday, November 15th. Finally, BNP Paribas raised American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.52.

American Airlines Group Stock Performance

Shares of NASDAQ AAL opened at $17.49 on Monday. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.20. The firm has a market capitalization of $11.49 billion, a PE ratio of 53.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41. The stock’s 50-day simple moving average is $13.69 and its 200-day simple moving average is $11.85.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. American Airlines Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS.

Institutional Trading of American Airlines Group

A number of institutional investors have recently bought and sold shares of the company. Primecap Management Co. CA boosted its position in American Airlines Group by 0.8% during the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock worth $644,498,000 after purchasing an additional 458,310 shares in the last quarter. U S Global Investors Inc. raised its holdings in shares of American Airlines Group by 5.9% in the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after acquiring an additional 508,119 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after acquiring an additional 1,823,928 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after acquiring an additional 1,319,859 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of American Airlines Group by 107.6% in the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after acquiring an additional 787,671 shares during the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

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.