American Airlines Group (NASDAQ:AAL) Issues Quarterly Earnings Results

American Airlines Group (NASDAQ:AAL) announced its earnings results on Thursday. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06), Briefing.com reports. The firm had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL traded down $0.25 during midday trading on Friday, reaching $13.88. 36,527,836 shares of the company’s stock traded hands, compared to its average volume of 33,690,384. The company has a fifty day simple moving average of $14.46 and a two-hundred day simple moving average of $13.63. American Airlines Group has a 1 year low of $10.86 and a 1 year high of $19.08. The company has a market cap of $9.09 billion, a P/E ratio of 23.13, a PEG ratio of 0.11 and a beta of 1.57.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Wolfe Research raised shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research report on Monday, January 22nd. UBS Group began coverage on shares of American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target for the company. Citigroup reissued a “buy” rating and set a $20.00 price objective on shares of American Airlines Group in a report on Thursday, March 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 price target on shares of American Airlines Group in a research report on Tuesday, March 5th. Two equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.53.

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.