American Airlines Group (NASDAQ:AAL) Issues Quarterly Earnings Results

American Airlines Group (NASDAQ:AAL) issued its quarterly earnings data on Thursday. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06), Briefing.com reports. The business had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 earnings per share.

American Airlines Group Stock Down 1.8 %

NASDAQ:AAL opened at $13.88 on Friday. American Airlines Group has a 12-month low of $10.86 and a 12-month high of $19.08. The firm has a market capitalization of $9.09 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57. The firm has a 50-day moving average price of $14.46 and a 200 day moving average price of $13.63.

Wall Street Analysts Forecast Growth

AAL has been the subject of a number of recent research reports. UBS Group initiated coverage on shares of American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Evercore ISI restated a “hold” rating and set a $17.00 price target on shares of American Airlines Group in a report on Monday, January 29th. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Finally, Wolfe Research upgraded shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price target for the company in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.53.

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.