American Airlines Group (NASDAQ:AAL) Releases Q4 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.550-0.750 for the period, compared to the consensus estimate of 0.580. The company issued revenue guidance of -.

American Airlines Group Stock Up 1.4 %

Shares of NASDAQ AAL opened at $16.88 on Friday. The business’s 50 day moving average is $14.55 and its two-hundred day moving average is $12.11. The company has a market cap of $11.09 billion, a P/E ratio of 51.15, a P/E/G ratio of 0.29 and a beta of 1.41. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $18.20.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.38 EPS. Sell-side analysts expect that American Airlines Group will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a research report on Friday, November 15th. Susquehanna upped their price objective on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Morgan Stanley lifted their target price on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Finally, UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.99.

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.