FY2024 EPS Estimates for American Airlines Group Inc. (NASDAQ:AAL) Raised by Zacks Research

American Airlines Group Inc. (NASDAQ:AAL - Free Report) - Zacks Research upped their FY2024 earnings estimates for American Airlines Group in a note issued to investors on Thursday, September 12th. Zacks Research analyst M. Basu now forecasts that the airline will earn $1.12 per share for the year, up from their prior estimate of $1.01. The consensus estimate for American Airlines Group's current full-year earnings is $1.06 per share. Zacks Research also issued estimates for American Airlines Group's Q4 2024 earnings at $0.37 EPS, Q1 2025 earnings at ($0.07) EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.08 EPS, FY2025 earnings at $1.15 EPS, Q1 2026 earnings at $0.77 EPS, Q2 2026 earnings at $0.48 EPS and FY2026 earnings at $2.26 EPS.

Other analysts have also issued research reports about the company. Seaport Res Ptn lowered American Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 29th. Morgan Stanley decreased their price objective on American Airlines Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 3rd. TD Cowen lowered American Airlines Group from a "buy" rating to a "hold" rating and cut their target price for the company from $16.00 to $10.00 in a research note on Wednesday, July 17th. Redburn Atlantic raised shares of American Airlines Group to a "hold" rating in a research report on Tuesday, September 3rd. Finally, Sanford C. Bernstein cut shares of American Airlines Group from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $13.73.

American Airlines Group Stock Up 1.0 %

Shares of AAL stock traded up $0.11 on Monday, hitting $10.80. The stock had a trading volume of 27,796,887 shares, compared to its average volume of 34,044,004. American Airlines Group has a one year low of $9.07 and a one year high of $16.15. The business has a 50 day moving average price of $10.41 and a 200 day moving average price of $12.34. The company has a market cap of $7.09 billion, a PE ratio of 17.82, a P/E/G ratio of 0.27 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The business had revenue of $14.33 billion during the quarter, compared to analyst estimates of $14.38 billion. During the same period in the previous year, the company posted $1.92 EPS. American Airlines Group's revenue was up 2.0% on a year-over-year basis.

Institutional Investors Weigh In On American Airlines Group

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in American Airlines Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline's stock worth $1,169,330,000 after purchasing an additional 806,770 shares during the period. Primecap Management Co. CA boosted its stake in shares of American Airlines Group by 34.4% in the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline's stock worth $644,466,000 after buying an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in American Airlines Group by 75.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline's stock worth $48,047,000 after acquiring an additional 1,823,928 shares during the period. Par Capital Management Inc. raised its position in American Airlines Group by 0.4% during the fourth quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline's stock valued at $34,496,000 after acquiring an additional 10,600 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of American Airlines Group during the 4th quarter worth approximately $22,819,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

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.