American Airlines Group (NASDAQ:AAL) Updates Q3 2021 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated its third quarter 2021 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $-1.040-$-0.960 for the period, compared to the Thomson Reuters consensus estimate of $-1.200. The company issued revenue guidance of $8.96 billion-$8.96 billion, compared to the consensus revenue estimate of $8.85 billion.

Several equities analysts have recently weighed in on the stock. Citigroup upgraded shares of American Airlines Group from a sell rating to a neutral rating and set a $21.50 price objective for the company in a research report on Wednesday, July 14th. Seaport Global Securities upgraded shares of American Airlines Group from a neutral rating to a buy rating and set a $27.00 price objective for the company in a research report on Friday, July 23rd. Susquehanna Bancshares raised shares of American Airlines Group to a neutral rating and increased their price target for the stock from $18.00 to $20.00 in a research report on Tuesday, July 27th. Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a $23.00 price target on shares of American Airlines Group in a report on Friday, August 6th. Finally, Susquehanna upgraded American Airlines Group from a negative rating to a neutral rating and increased their price target for the company from $18.00 to $20.00 in a report on Tuesday, July 27th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $20.80.

AAL stock traded up $0.22 during midday trading on Thursday, hitting $19.83. The stock had a trading volume of 202,584 shares, compared to its average volume of 39,182,164. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of -1.87 and a beta of 1.78. American Airlines Group has a 52 week low of $10.63 and a 52 week high of $26.09. The stock has a 50-day simple moving average of $20.10 and a 200 day simple moving average of $21.45.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Wednesday, July 21st. The airline reported ($1.69) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.02. The firm had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.48 billion. The firm’s revenue for the quarter was up 361.0% compared to the same quarter last year. During the same period last year, the business earned ($7.82) earnings per share. Equities analysts forecast that American Airlines Group will post -6.89 earnings per share for the current fiscal year.

American Airlines Group Company Profile

American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific.

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Earnings History and Estimates for American Airlines Group (NASDAQ:AAL)

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