American Airlines Group (NASDAQ:AAL) Updates FY 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its FY 2024 earnings guidance on Thursday morning. 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.

American Airlines Group Stock Down 1.0 %

Shares of American Airlines Group stock opened at $12.83 on Thursday. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $16.15. The stock’s 50-day simple moving average is $11.17 and its 200-day simple moving average is $11.78. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The firm had revenue of $14.33 billion during the quarter, compared to analyst estimates of $14.38 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. American Airlines Group’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts expect that American Airlines Group will post 1.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AAL shares. TD Cowen raised their price objective on American Airlines Group from $7.00 to $9.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Evercore cut their target price on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Evercore ISI increased their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Jefferies Financial Group upped their target price on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Finally, Barclays dropped their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.09.

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.