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

American Airlines Group (NASDAQ:AAL - Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.25-0.50 for the period, compared to the consensus estimate of $0.32. American Airlines Group also updated its FY 2024 guidance to 1.350-1.600 EPS.

Analyst Upgrades and Downgrades

AAL has been the subject of a number of recent analyst reports. Evercore decreased their price target on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. TD Cowen lifted their target price on American Airlines Group from $7.00 to $9.00 and gave the stock a "hold" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price target on American Airlines Group from $21.00 to $15.00 in a report on Friday, July 26th. Sanford C. Bernstein lowered shares of American Airlines Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. Finally, Evercore ISI increased 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 note on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, American Airlines Group presently has an average rating of "Hold" and a consensus price target of $13.09.

American Airlines Group Stock Performance

AAL traded down $0.05 during midday trading on Thursday, reaching $12.78. The company had a trading volume of 65,487,835 shares, compared to its average volume of 34,872,938. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $16.15. The business has a 50-day moving average price of $11.17 and a two-hundred day moving average price of $11.78. The stock has a market cap of $8.38 billion, a PE ratio of 21.30, a P/E/G ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $14.38 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. American Airlines Group's revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts anticipate that American Airlines Group will post 1.22 earnings per share 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.