American Airlines Group (NASDAQ:AAL) Posts Earnings Results, Misses Expectations By $0.06 EPS

American Airlines Group (NASDAQ:AAL) issued its quarterly earnings data on Thursday. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06), Briefing.com reports. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The company 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 business earned $0.05 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis.

American Airlines Group Trading Down 2.6 %

Shares of AAL traded down $0.37 during trading hours on Friday, reaching $13.76. 17,090,655 shares of the stock traded hands, compared to its average volume of 34,329,066. The stock has a fifty day simple moving average of $14.47 and a 200 day simple moving average of $13.61. American Airlines Group has a 52 week low of $10.86 and a 52 week high of $19.08. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.11 and a beta of 1.57.

Analysts Set New Price Targets

A number of research firms recently weighed in on AAL. Seaport Res Ptn raised shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, January 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 price target on shares of American Airlines Group in a report on Tuesday, March 5th. Barclays upped their price target on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Finally, Citigroup reaffirmed a “buy” rating and set a $20.00 price target on shares of American Airlines Group in a report on Thursday, March 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.53.

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.