American Airlines Group (NASDAQ:AAL) Releases Q4 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.550-0.750 for the period, compared to the consensus estimate of 0.580. The company issued revenue guidance of -.

American Airlines Group Stock Performance

American Airlines Group stock traded up $0.24 during mid-day trading on Friday, reaching $16.88. The stock had a trading volume of 28,620,449 shares, compared to its average volume of 33,519,816. The firm has a market capitalization of $11.09 billion, a PE ratio of 51.15, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41. The stock’s 50-day simple moving average is $14.45 and its 200-day simple moving average is $12.08. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.20.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. On average, research analysts forecast that American Airlines Group will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on AAL shares. Citigroup raised their price objective on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Evercore ISI raised their price target on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Susquehanna boosted their price objective on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, American Airlines Group presently has a consensus rating of “Moderate Buy” and an average target price of $15.99.

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.