American Airlines Group (NASDAQ:AAL – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.250-3.250 for the period, compared to the consensus estimate of 2.350. The company issued revenue guidance of -. American Airlines Group also updated its FY24 guidance to $2.25-3.25 EPS.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on AAL. Sanford C. Bernstein boosted their price target on American Airlines Group from $20.00 to $21.00 and gave the company an outperform rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. boosted their price target 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 American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 price target for the company in a report on Monday, January 22nd. Seaport Res Ptn raised American Airlines Group from a neutral rating to a buy rating in a report on Friday, January 26th. Finally, Jefferies Financial Group raised American Airlines Group from a hold rating to a buy rating and set a $18.00 price target for the company in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $17.53.
View Our Latest Analysis on American Airlines Group
American Airlines Group Stock Down 1.8 %
American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its quarterly earnings data 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). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The company had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same period in the previous year, the firm earned $0.05 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that American Airlines Group will post 2.67 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.
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