American Airlines Group (NASDAQ:AAL - Get Free Report) released its quarterly earnings results on Thursday. The airline reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.14, Briefing.com reports. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company had revenue of $13.65 billion for the quarter, compared to analysts' expectations of $13.50 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The business's revenue for the quarter was up 1.2% compared to the same quarter last year.
American Airlines Group Price Performance
NASDAQ AAL traded up $0.37 on Friday, hitting $13.15. 44,306,222 shares of the stock were exchanged, compared to its average volume of 34,918,906. The company's 50-day moving average price is $11.28 and its two-hundred day moving average price is $11.78. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 0.26 and a beta of 1.43. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $16.15.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on AAL. Evercore ISI raised their price target on American Airlines Group from $10.00 to $12.00 and gave the company an "in-line" rating in a report on Thursday, October 3rd. Jefferies Financial Group boosted their price target on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Wednesday, October 2nd. TD Cowen increased their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the company a "hold" rating in a report on Friday. Evercore cut their target price on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Finally, Susquehanna increased their price target on American Airlines Group from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $13.40.
View Our Latest Stock Analysis on AAL
American Airlines Group Company Profile
(
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.
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