American Airlines Group (NASDAQ:AAL – Get Free Report) updated its second quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 1.150-1.450 for the period, compared to the consensus EPS estimate of 1.180. The company issued revenue guidance of -. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.
American Airlines Group Stock Performance
Shares of NASDAQ:AAL traded down $0.25 during midday trading on Friday, reaching $13.88. 36,486,942 shares of the company’s stock traded hands, compared to its average volume of 34,585,641. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 0.11 and a beta of 1.57. American Airlines Group has a one year low of $10.86 and a one year high of $19.08. The stock has a 50 day moving average of $14.46 and a 200 day moving average of $13.63.
American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The business had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. Sell-side analysts predict that American Airlines Group will post 2.45 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on AAL
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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