American Airlines Group (NASDAQ:AAL) Releases FY 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.250-3.250 for the period, compared to the consensus estimate of 2.350. The company issued revenue guidance of -. American Airlines Group also updated its FY24 guidance to $2.25-3.25 EPS.

American Airlines Group Stock Down 1.8 %

AAL traded down $0.25 during trading hours on Friday, reaching $13.88. 36,527,836 shares of the company’s stock traded hands, compared to its average volume of 33,690,384. The firm has a 50-day moving average price of $14.46 and a 200 day moving average price of $13.63. American Airlines Group has a 52-week low of $10.86 and a 52-week high of $19.08. The firm has a market capitalization of $9.09 billion, a PE ratio of 23.13, a PEG 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The business had revenue of $12.57 billion for the quarter, compared to analysts’ expectations of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. American Airlines Group’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. Equities analysts predict that American Airlines Group will post 2.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AAL has been the subject of a number of research analyst reports. Seaport Res Ptn raised American Airlines Group from a neutral rating to a buy rating in a research report on Friday, January 26th. Jefferies Financial Group raised American Airlines Group from a hold rating to a buy rating and set a $18.00 target price for the company in a research report on Thursday, January 11th. UBS Group initiated coverage on American Airlines Group in a research report on Wednesday, March 20th. They set a buy rating and a $19.00 target price for the company. Morgan Stanley reaffirmed an overweight rating and set a $20.00 target price on shares of American Airlines Group in a research report on Tuesday, March 5th. Finally, Sanford C. Bernstein boosted 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 analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average 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.