American Airlines Group (NASDAQ:AAL – Get Free Report) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.15-1.45 for the period, compared to the consensus earnings per share estimate of $1.15. American Airlines Group also updated its FY 2024 guidance to 2.250-3.250 EPS.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Morgan Stanley restated an overweight rating and set a $20.00 price objective on shares of American Airlines Group in a research report on Tuesday, March 5th. JPMorgan Chase & Co. boosted their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an overweight rating in a research report on Friday, January 26th. Wolfe Research upgraded shares of American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 price objective for the company in a research report on Monday, January 22nd. Jefferies Financial Group upgraded shares of American Airlines Group from a hold rating to a buy rating and set a $18.00 price objective for the company in a research report on Thursday, January 11th. Finally, Barclays lifted their target price on shares of American Airlines Group from $13.00 to $14.00 and gave the company an underweight rating in a report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $17.53.
View Our Latest Research Report on American Airlines Group
American Airlines Group Stock Down 1.8 %
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The business had revenue of $12.57 billion for the quarter, compared to analysts’ expectations of $12.60 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. As a group, equities analysts anticipate that American Airlines Group will post 2.45 EPS 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.
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