American Airlines Group (NASDAQ:AAL) Releases Q4 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 0.550-0.750 for the period, compared to the consensus earnings per share estimate of 0.580. The company issued revenue guidance of -.

American Airlines Group Stock Up 1.4 %

Shares of NASDAQ:AAL traded up $0.24 during midday trading on Friday, hitting $16.88. 28,620,449 shares of the stock traded hands, compared to its average volume of 33,519,816. The stock has a market capitalization of $11.09 billion, a PE ratio of 51.15, a P/E/G ratio of 0.29 and a beta of 1.41. American Airlines Group has a one year low of $9.07 and a one year high of $18.20. The business’s 50 day moving average is $14.45 and its two-hundred day moving average is $12.08.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. As a group, sell-side analysts forecast that American Airlines Group will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AAL shares. Evercore ISI raised their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Susquehanna upped their target price on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 target price on shares of American Airlines Group in a research report on Friday, November 15th. Finally, TD Cowen lifted their price target on American Airlines Group from $10.00 to $17.00 and gave the company a “hold” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.99.

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.