American Airlines Group (NASDAQ:AAL) Issues Quarterly Earnings Results, Misses Estimates By $0.06 EPS

American Airlines Group (NASDAQ:AAL) posted its quarterly earnings data on Thursday. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06), Briefing.com reports. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The firm had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same period in the prior year, the company posted $0.05 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year.

American Airlines Group Trading Down 1.8 %

AAL traded down $0.25 during trading hours on Friday, hitting $13.88. The company’s stock had a trading volume of 36,527,836 shares, compared to its average volume of 33,690,384. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The firm has a market capitalization of $9.09 billion, a PE ratio of 23.13, a PEG ratio of 0.11 and a beta of 1.57. The company has a 50-day simple moving average of $14.46 and a 200 day simple moving average of $13.63.

Analyst Ratings Changes

Several brokerages have recently weighed in on AAL. Sanford C. Bernstein raised their target price on American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. TD Cowen raised American Airlines Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $14.00 to $21.00 in a research report on Friday, January 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 price target on shares of American Airlines Group in a research report on Tuesday, March 5th. JPMorgan Chase & Co. lifted their price target on American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, Citigroup reaffirmed a “buy” rating and set a $20.00 price target on shares of American Airlines Group in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.53.

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.