American Airlines Group (NASDAQ:AAL) Issues Earnings Results, Beats Estimates By $0.14 EPS

American Airlines Group (NASDAQ:AAL) announced its quarterly earnings data on Thursday. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14, Briefing.com reports. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same period last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year.

American Airlines Group Price Performance

AAL stock traded up $0.37 during trading on Friday, hitting $13.15. The stock had a trading volume of 44,232,152 shares, compared to its average volume of 34,918,637. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15. The company’s 50-day moving average price is $11.22 and its two-hundred day moving average price is $11.79. The stock has a market capitalization of $8.63 billion, a P/E ratio of 22.03, a PEG ratio of 0.26 and a beta of 1.43.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AAL shares. Barclays cut their price objective on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. TD Securities lowered their target price on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Jefferies Financial Group lifted their price target on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Evercore dropped their price objective on shares of American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Finally, Evercore ISI boosted their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.40.

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.