American Airlines Group (NASDAQ:AAL – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.350-1.600 for the period, compared to the consensus estimate of 1.210. The company issued revenue guidance of -. American Airlines Group also updated its Q4 guidance to $0.25-0.50 EPS.
Wall Street Analysts Forecast Growth
AAL has been the subject of a number of research reports. Evercore decreased their price target on shares of American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. TD Cowen increased their target price on American Airlines Group from $7.00 to $9.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Jefferies Financial Group upped their price target on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Finally, TD Securities dropped their target price on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.09.
American Airlines Group Stock Performance
American Airlines Group (NASDAQ:AAL – Get Free Report) last posted its earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The business had revenue of $14.33 billion during the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 EPS. On average, equities analysts expect that American Airlines Group will post 1.22 earnings per share 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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