American Airlines Group (NASDAQ:AAL – Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 1.000-1.150 for the period, compared to the consensus earnings per share estimate of 1.300. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on AAL. Bank of America dropped their price objective on American Airlines Group from $12.00 to $11.00 and set an underperform rating on the stock in a report on Wednesday, May 29th. Jefferies Financial Group lowered American Airlines Group from a buy rating to a hold rating and dropped their price objective for the stock from $17.00 to $12.00 in a report on Wednesday, May 29th. Citigroup dropped their price objective on American Airlines Group from $20.00 to $16.50 and set a buy rating on the stock in a report on Friday, May 31st. UBS Group began coverage on American Airlines Group in a report on Wednesday, March 20th. They set a buy rating and a $19.00 price objective on the stock. Finally, Seaport Res Ptn lowered American Airlines Group from a strong-buy rating to a hold rating in a report on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, American Airlines Group presently has a consensus rating of Hold and an average target price of $16.53.
View Our Latest Stock Analysis on American Airlines Group
American Airlines Group Stock Down 1.4 %
American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The firm had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. American Airlines Group’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. Analysts expect that American Airlines Group will post 2.14 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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