American Airlines Group (NASDAQ:AAL – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $2.25-3.25 for the period, compared to the consensus EPS estimate of $2.34. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.
Analysts Set New Price Targets
A number of research firms have recently commented on AAL. Barclays raised their price target on American Airlines Group from $13.00 to $14.00 and gave the stock an underweight rating in a research report on Friday, January 26th. Citigroup reaffirmed a buy rating and set a $20.00 price target on shares of American Airlines Group in a research report on Thursday, March 14th. Jefferies Financial Group raised American Airlines Group from a hold rating to a buy rating and set a $18.00 price target on the stock in a research report on Thursday, January 11th. Evercore ISI reaffirmed a hold rating and set a $17.00 price target on shares of American Airlines Group in a research report on Monday, January 29th. Finally, Sanford C. Bernstein raised their price target on American Airlines Group from $20.00 to $21.00 and gave the stock an outperform rating in a research report on Tuesday, March 5th. Two 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 data from MarketBeat, American Airlines Group has an average rating of Hold and an average price target of $17.53.
Get Our Latest Stock Analysis on American Airlines Group
American Airlines Group Price Performance
American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The business had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. On average, equities analysts predict that American Airlines Group will post 2.45 EPS for the current year.
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.
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