American Airlines Group (NASDAQ:AAL) Releases Q2 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.150-1.450 for the period, compared to the consensus estimate of 1.180. The company issued revenue guidance of -. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.

American Airlines Group Price Performance

AAL opened at $13.64 on Thursday. The company’s 50 day simple moving average is $14.49 and its two-hundred day simple moving average is $13.61. American Airlines Group has a 1-year low of $10.86 and a 1-year high of $19.08. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 0.12 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. The business had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $13.01 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 EPS. On average, equities analysts anticipate that American Airlines Group will post 2.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AAL. Morgan Stanley restated an overweight rating and set a $20.00 price target on shares of American Airlines Group in a report on Tuesday, March 5th. Citigroup restated a buy rating and set a $20.00 price target on shares of American Airlines Group in a report on Thursday, March 14th. Evercore ISI restated a hold rating and set a $17.00 price target on shares of American Airlines Group in a report on Monday, January 29th. TD Cowen upgraded shares of American Airlines Group from a market perform rating to an outperform rating and raised their price target for the stock from $14.00 to $21.00 in a report on Friday, January 26th. Finally, Sanford C. Bernstein lifted their target price on shares of American Airlines Group from $20.00 to $21.00 and gave the company an outperform rating in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given 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 $17.53.

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.