American Airlines Group (NASDAQ:AAL) Issues FY 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.250-3.250 for the period, compared to the consensus estimate of 2.350. The company issued revenue guidance of -. American Airlines Group also updated its FY24 guidance to $2.25-3.25 EPS.

American Airlines Group Price Performance

American Airlines Group stock traded down $0.25 during midday trading on Friday, reaching $13.88. The company had a trading volume of 36,527,836 shares, compared to its average volume of 33,690,384. The company has a market capitalization of $9.09 billion, a P/E ratio of 23.13, a P/E/G ratio of 0.11 and a beta of 1.57. American Airlines Group has a 12-month low of $10.86 and a 12-month high of $19.08. The firm’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $13.64.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The company had revenue of $12.57 billion during the quarter, compared to analysts’ expectations of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 earnings per share. On average, analysts expect that American Airlines Group will post 2.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AAL shares. Seaport Res Ptn raised shares of American Airlines Group from a neutral rating to a buy rating in a research note on Friday, January 26th. UBS Group began coverage on shares of American Airlines Group in a research note on Wednesday, March 20th. They issued a buy rating and a $19.00 target price on the stock. Jefferies Financial Group raised shares of American Airlines Group from a hold rating to a buy rating and set a $18.00 target price on the stock in a research note on Thursday, January 11th. Citigroup reissued a buy rating and issued a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. Finally, Wolfe Research raised shares of American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 target price on the stock in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group presently has a consensus rating of Hold and an average price target of $17.53.

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.