American Airlines Group (NASDAQ:AAL – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.70-1.30 for the period, compared to the consensus earnings per share estimate of $1.85. American Airlines Group also updated its FY 2024 guidance to 0.700-1.300 EPS.
Analysts Set New Price Targets
Several analysts recently commented on AAL shares. Sanford C. Bernstein lowered American Airlines Group from an outperform rating to a market perform rating and cut their price objective for the stock from $18.00 to $12.00 in a report on Monday. HSBC started coverage on shares of American Airlines Group in a research note on Monday, May 13th. They issued a buy rating and a $17.90 price objective on the stock. Susquehanna cut their target price on shares of American Airlines Group from $15.00 to $13.00 and set a neutral rating for the company in a research report on Thursday, May 30th. Seaport Res Ptn downgraded shares of American Airlines Group from a strong-buy rating to a hold rating in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of American Airlines Group from $21.00 to $15.00 in a research report on Friday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $13.80.
Get Our Latest Stock Report on AAL
American Airlines Group Price Performance
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. The business had revenue of $14.33 billion during the quarter, compared to analysts’ expectations of $14.38 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 EPS. On average, research analysts predict that American Airlines Group will post 1.72 earnings per share for the current fiscal 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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