American Airlines Group (NASDAQ:AAL) Releases Q4 Earnings Guidance

American Airlines Group (NASDAQ:AAL) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.55-0.75 for the period, compared to the consensus earnings per share estimate of $0.39.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Susquehanna lifted their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Citigroup upped their price target on American Airlines Group from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Finally, UBS Group lowered American Airlines Group from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.29.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $17.38 on Friday. The stock has a market capitalization of $11.42 billion, a price-to-earnings ratio of 52.67, a PEG ratio of 0.26 and a beta of 1.41. The firm’s fifty day simple moving average is $13.32 and its 200-day simple moving average is $11.81. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $17.80.

American Airlines Group (NASDAQ:AAL) 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 business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Analysts anticipate that American Airlines Group will post 1.49 earnings per share for the current year.

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.