American Airlines Group (NASDAQ:AAL) Updates Q2 Earnings Guidance

American Airlines Group (NASDAQ:AALGet Free Report) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.00-$1.15 for the period, compared to the consensus earnings per share estimate of $1.30.

American Airlines Group Price Performance

AAL opened at $11.44 on Friday. The business has a 50 day simple moving average of $14.10 and a two-hundred day simple moving average of $14.03. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 0.19 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.

American Airlines Group (NASDAQ:AALGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) 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 0.94% and a negative return on equity of 31.65%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 EPS. As a group, sell-side analysts expect that American Airlines Group will post 2.57 EPS for the current fiscal year.

Analysts Set New Price Targets

AAL has been the topic of a number of research analyst reports. Sanford C. Bernstein upped their target price on American Airlines Group from $21.00 to $22.00 and gave the stock an outperform rating in a report on Monday, May 6th. Bank of America cut their price target on American Airlines Group from $12.00 to $11.00 and set an underperform rating on the stock in a research note on Wednesday. TD Cowen cut their price target on American Airlines Group from $18.00 to $16.00 and set a buy rating on the stock in a research note on Wednesday. Susquehanna cut their price target on American Airlines Group from $15.00 to $13.00 and set a neutral rating on the stock in a research note on Thursday. Finally, Morgan Stanley reiterated an overweight rating and set a $20.00 target price on shares of American Airlines Group in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $16.87.

View Our Latest Report on American Airlines Group

About American Airlines Group

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for American Airlines Group (NASDAQ:AAL)

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