FY2024 Earnings Estimate for AAL Issued By Seaport Res Ptn

American Airlines Group Inc. (NASDAQ:AAL - Free Report) - Stock analysts at Seaport Res Ptn increased their FY2024 earnings per share estimates for shares of American Airlines Group in a report issued on Thursday, December 5th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the airline will post earnings per share of $1.77 for the year, up from their prior estimate of $1.47. Seaport Res Ptn currently has a "Strong-Buy" rating on the stock. The consensus estimate for American Airlines Group's current full-year earnings is $1.53 per share. Seaport Res Ptn also issued estimates for American Airlines Group's Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $1.55 EPS, Q3 2025 earnings at $0.50 EPS, FY2025 earnings at $2.50 EPS and FY2027 earnings at $3.00 EPS.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group reissued a "neutral" rating and set a $15.00 target price on shares of American Airlines Group in a research note on Friday, November 15th. Citigroup lifted their price target on American Airlines Group from $16.00 to $19.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Redburn Atlantic upgraded American Airlines Group to a "hold" rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price target on American Airlines Group from $15.00 to $20.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Finally, Scotiabank upgraded American Airlines Group from a "neutral" rating to a "buy" rating and set a $20.00 target price on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $14.82.

American Airlines Group Price Performance

AAL stock traded down $0.24 during mid-day trading on Monday, reaching $17.16. 29,578,781 shares of the company's stock were exchanged, compared to its average volume of 33,932,984. The company has a market cap of $11.28 billion, a price-to-earnings ratio of 52.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41. The stock's 50 day moving average is $13.56 and its 200 day moving average is $11.83. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $18.09.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS.

Institutional Investors Weigh In On American Airlines Group

Large investors have recently bought and sold shares of the company. Primecap Management Co. CA raised its holdings in shares of American Airlines Group by 0.8% during the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline's stock worth $644,498,000 after acquiring an additional 458,310 shares during the period. U S Global Investors Inc. lifted its stake in shares of American Airlines Group by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline's stock worth $102,151,000 after buying an additional 508,119 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline's stock worth $48,047,000 after buying an additional 1,823,928 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of American Airlines Group by 379.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline's stock worth $18,743,000 after buying an additional 1,319,859 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline's stock worth $17,084,000 after buying an additional 787,671 shares during the last quarter. 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.