American Airlines Group (NASDAQ:AAL – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $2.25-3.25 for the period, compared to the consensus EPS estimate of $2.34. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Wolfe Research upgraded shares of American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 target price on the stock in a research note on Monday, January 22nd. Morgan Stanley restated an overweight rating and issued a $20.00 target price on shares of American Airlines Group in a research note on Tuesday, March 5th. JPMorgan Chase & Co. lifted their price target on American Airlines Group from $19.00 to $22.00 and gave the company an overweight rating in a report on Friday, January 26th. UBS Group assumed coverage on American Airlines Group in a report on Wednesday, March 20th. They set a buy rating and a $19.00 price objective for the company. Finally, Jefferies Financial Group raised American Airlines Group from a hold rating to a buy rating and set a $18.00 price target for the company in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $17.53.
Check Out Our Latest Analysis on American Airlines Group
American Airlines Group Price Performance
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The firm had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same period last year, the company earned $0.05 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that American Airlines Group will post 2.45 earnings per share 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.
Recommended Stories
- Five stocks we like better than American Airlines Group
- Consumer Discretionary Stocks Explained
- 3 Stocks Leading the U.S. Agriculture Comeback
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- How to Use Put Debit Spreads to Profit From Falling Stocks
- How to Calculate Return on Investment (ROI)
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.