American Airlines Group (NASDAQ:AAL – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.70-1.30 for the period, compared to the consensus estimate of $1.85. American Airlines Group also updated its FY 2024 guidance to 0.700-1.300 EPS.
American Airlines Group Stock Up 0.2 %
Shares of NASDAQ:AAL traded up $0.02 on Friday, hitting $10.62. 45,684,501 shares of the company traded hands, compared to its average volume of 35,793,084. The stock has a 50 day simple moving average of $11.51 and a 200-day simple moving average of $13.40. The company has a market cap of $6.97 billion, a PE ratio of 17.70, a PEG ratio of 0.36 and a beta of 1.44. American Airlines Group has a 52 week low of $9.76 and a 52 week high of $16.87.
American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.05. The firm had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.92 earnings per share. As a group, sell-side analysts anticipate that American Airlines Group will post 1.1 earnings per share for the current year.
Analyst Ratings Changes
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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.
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