American Airlines Group Inc. Forecasted to Earn Q1 2021 Earnings of ($4.33) Per Share (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL) – Equities research analysts at Jefferies Financial Group dropped their Q1 2021 earnings estimates for American Airlines Group in a research report issued on Tuesday, April 13th. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the airline will post earnings per share of ($4.33) for the quarter, down from their previous estimate of ($4.22). Jefferies Financial Group has a “Hold” rating and a $25.00 price target on the stock. Jefferies Financial Group also issued estimates for American Airlines Group’s Q2 2021 earnings at ($3.69) EPS, Q3 2021 earnings at ($3.01) EPS, Q4 2021 earnings at ($1.14) EPS, FY2021 earnings at ($12.20) EPS and FY2023 earnings at $1.75 EPS.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus boosted their price target on shares of American Airlines Group from $14.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, February 24th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Monday, March 1st. The Goldman Sachs Group upped their target price on American Airlines Group from $11.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, March 16th. Morgan Stanley began coverage on American Airlines Group in a research note on Tuesday. They issued an “underweight” rating and a $20.00 target price for the company. Finally, Zacks Investment Research upgraded American Airlines Group from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a report on Thursday, February 18th. Eight investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. American Airlines Group presently has a consensus rating of “Hold” and a consensus price target of $15.80.

AAL stock opened at $22.03 on Friday. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of -1.59 and a beta of 1.82. The firm has a 50 day moving average price of $22.90 and a 200-day moving average price of $16.92. American Airlines Group has a 52-week low of $8.25 and a 52-week high of $26.09.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Wednesday, January 27th. The airline reported ($3.86) EPS for the quarter, beating analysts’ consensus estimates of ($4.11) by $0.25. The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.86 billion. The business’s quarterly revenue was down 64.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 earnings per share.

Hedge funds have recently bought and sold shares of the company. U S Global Investors Inc. increased its holdings in shares of American Airlines Group by 29.3% during the 4th quarter. U S Global Investors Inc. now owns 17,062,697 shares of the airline’s stock worth $269,079,000 after buying an additional 3,865,939 shares during the last quarter. Norges Bank purchased a new stake in shares of American Airlines Group in the fourth quarter valued at about $28,889,000. TB Alternative Assets Ltd. lifted its holdings in shares of American Airlines Group by 457.0% in the fourth quarter. TB Alternative Assets Ltd. now owns 2,147,420 shares of the airline’s stock valued at $33,865,000 after purchasing an additional 1,761,920 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of American Airlines Group in the fourth quarter valued at approximately $16,068,000. Finally, Columbus Hill Capital Management L.P. acquired a new position in American Airlines Group during the fourth quarter worth approximately $12,411,000. 44.41% of the stock is currently owned by institutional investors and hedge funds.

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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Earnings History and Estimates for American Airlines Group (NASDAQ:AAL)

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