American Airlines Group (NASDAQ:AAL – Get Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.250-0.500 for the period, compared to the consensus earnings per share estimate of 0.270. The company issued revenue guidance of -. American Airlines Group also updated its FY 2024 guidance to 1.350-1.600 EPS.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. raised their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday. Evercore ISI lifted their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $18.00 to $12.00 in a research report on Monday, July 22nd. Finally, Evercore reduced their target price on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, American Airlines Group currently has an average rating of “Hold” and a consensus price target of $13.40.
View Our Latest Analysis on American Airlines Group
American Airlines Group Price Performance
American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. American Airlines Group’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. Research analysts predict that American Airlines Group will post 1.22 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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