American Airlines Group (NASDAQ:AAL – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.250-3.250 for the period, compared to the consensus estimate of 2.350. The company issued revenue guidance of -. American Airlines Group also updated its FY24 guidance to $2.25-3.25 EPS.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on AAL. TD Cowen raised American Airlines Group from a market perform rating to an outperform rating and upped their price objective for the company from $14.00 to $21.00 in a research note on Friday, January 26th. Sanford C. Bernstein upped their price objective on American Airlines Group from $20.00 to $21.00 and gave the company an outperform rating in a research note on Tuesday, March 5th. Citigroup reissued a buy rating and set a $20.00 target price on shares of American Airlines Group in a research report on Thursday, March 14th. UBS Group started coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They set a buy rating and a $19.00 target price for the company. Finally, Morgan Stanley reissued an overweight rating and set a $20.00 target price on shares of American Airlines Group in a research report on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, American Airlines Group has an average rating of Hold and an average target price of $17.53.
View Our Latest Analysis on American Airlines Group
American Airlines Group Stock Down 1.8 %
American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The company had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter in the prior year, the business earned $0.05 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that American Airlines Group will post 2.67 EPS for the current year.
American Airlines Group Company Profile
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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