American Airlines Group (NASDAQ:AAL) Issues Q2 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.15-1.45 for the period, compared to the consensus EPS estimate of $1.15. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.

American Airlines Group Stock Performance

Shares of American Airlines Group stock traded down $0.25 on Friday, hitting $13.88. The company’s stock had a trading volume of 36,527,836 shares, compared to its average volume of 33,690,384. American Airlines Group has a 1 year low of $10.86 and a 1 year high of $19.08. The firm has a fifty day moving average price of $14.46 and a 200-day moving average price of $13.63. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data 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 31.65% and a net margin of 0.94%. The firm had revenue of $12.57 billion for the quarter, compared to analysts’ expectations of $12.60 billion. During the same quarter last year, the firm posted $0.05 earnings per share. American Airlines Group’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, analysts forecast that American Airlines Group will post 2.67 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AAL. Sanford C. Bernstein boosted their target price on American Airlines Group from $20.00 to $21.00 and gave the stock an outperform rating in a report on Tuesday, March 5th. Citigroup reiterated a buy rating and issued a $20.00 price objective on shares of American Airlines Group in a report on Thursday, March 14th. Jefferies Financial Group upgraded American Airlines Group from a hold rating to a buy rating and set a $18.00 price objective on the stock in a report on Thursday, January 11th. JPMorgan Chase & Co. upped their price objective on American Airlines Group from $19.00 to $22.00 and gave the company an overweight rating in a report on Friday, January 26th. Finally, TD Cowen upgraded American Airlines Group from a market perform rating to an outperform rating and upped their price objective for the company from $14.00 to $21.00 in a report on Friday, January 26th. Two 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’s stock. Based on data from MarketBeat.com, American Airlines Group has an average rating of Hold and an average 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.