American Airlines Group (NASDAQ:AAL) Issues Q4 2024 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.550-0.750 for the period, compared to the consensus earnings per share estimate of 0.580. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AAL. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $14.00 to $24.00 in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.99.

American Airlines Group Stock Performance

American Airlines Group stock opened at $16.88 on Friday. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.20. The stock has a market cap of $11.09 billion, a P/E ratio of 51.15, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41. The firm’s fifty day moving average price is $14.55 and its 200-day moving average price is $12.11.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. On average, analysts predict that American Airlines Group will post 1.62 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.