Seaport Res Ptn Weighs in on American Airlines Group Inc.’s Q4 2022 Earnings (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL) – Investment analysts at Seaport Res Ptn issued their Q4 2022 EPS estimates for shares of American Airlines Group in a note issued to investors on Tuesday, January 11th. Seaport Res Ptn analyst D. Mckenzie expects that the airline will post earnings of $0.75 per share for the quarter.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Wednesday, October 20th. The airline reported ($0.99) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.05. The business had revenue of $9 billion for the quarter, compared to analysts’ expectations of $8.92 billion. During the same period in the prior year, the company earned ($5.54) EPS. The company’s revenue for the quarter was up 183.6% compared to the same quarter last year.

Several other research analysts have also weighed in on the company. Citigroup cut their target price on American Airlines Group from $21.50 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 26th. Zacks Investment Research lowered American Airlines Group from a “hold” rating to a “sell” rating and set a $19.00 price objective on the stock. in a research report on Wednesday, December 22nd. The Goldman Sachs Group lowered American Airlines Group from a “neutral” rating to a “sell” rating and cut their price objective for the company from $19.00 to $18.00 in a research report on Wednesday, October 6th. Finally, Morgan Stanley raised American Airlines Group from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $23.00 to $21.00 in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and an average target price of $21.77.

Shares of American Airlines Group stock opened at $18.49 on Thursday. The firm has a market cap of $11.97 billion, a PE ratio of -3.36 and a beta of 1.66. The business’s fifty day moving average is $18.64 and its two-hundred day moving average is $19.68. American Airlines Group has a fifty-two week low of $15.02 and a fifty-two week high of $26.09.

A number of large investors have recently made changes to their positions in AAL. Evolution Wealth Advisors LLC raised its holdings in American Airlines Group by 71.4% during the third quarter. Evolution Wealth Advisors LLC now owns 1,200 shares of the airline’s stock worth $25,000 after purchasing an additional 500 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in American Airlines Group by 86.1% during the second quarter. O Shaughnessy Asset Management LLC now owns 1,351 shares of the airline’s stock worth $29,000 after purchasing an additional 625 shares in the last quarter. FinTrust Capital Advisors LLC grew its position in American Airlines Group by 200.0% in the second quarter. FinTrust Capital Advisors LLC now owns 1,500 shares of the airline’s stock worth $32,000 after buying an additional 1,000 shares during the last quarter. Stonebridge Capital Advisors LLC acquired a new position in American Airlines Group in the second quarter worth approximately $32,000. Finally, Optimum Investment Advisors grew its position in American Airlines Group by 84.0% in the third quarter. Optimum Investment Advisors now owns 1,720 shares of the airline’s stock worth $35,000 after buying an additional 785 shares during the last quarter. 56.31% of the stock is currently owned by hedge funds and other institutional investors.

About American Airlines Group

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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