American Airlines Group (NASDAQ:AAL – Get Free Report) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.150-1.450 for the period, compared to the consensus earnings per share estimate of 1.180. The company issued revenue guidance of -. 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 weighed in on AAL. Seaport Res Ptn upgraded American Airlines Group from a neutral rating to a buy rating in a report on Friday, January 26th. Jefferies Financial Group upgraded American Airlines Group from a hold rating to a buy rating and set a $18.00 target price for the company in a report on Thursday, January 11th. Wolfe Research upgraded American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 price objective for the company in a research note on Monday, January 22nd. Sanford C. Bernstein lifted their price objective on American Airlines Group from $20.00 to $21.00 and gave the company an outperform rating in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. lifted their price objective on American Airlines Group from $19.00 to $22.00 and gave the company an overweight rating in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $17.53.
Get Our Latest Research Report on AAL
American Airlines Group Price Performance
American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The company had revenue of $12.57 billion during the quarter, compared to analysts’ expectations of $12.60 billion. During the same quarter last year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts anticipate that American Airlines Group will post 2.45 EPS for the current year.
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.
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