American Airlines Group (NASDAQ:AAL – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.700-1.300 for the period, compared to the consensus estimate of 1.810. The company issued revenue guidance of -. American Airlines Group also updated its FY24 guidance to $0.70-1.30 EPS.
Analyst Ratings Changes
A number of research firms have recently weighed in on AAL. TD Cowen downgraded shares of American Airlines Group from a buy rating to a hold rating and dropped their price target for the stock from $16.00 to $10.00 in a research note on Wednesday, July 17th. HSBC began coverage on American Airlines Group in a research report on Monday, May 13th. They issued a buy rating and a $17.90 price target for the company. Bank of America reduced their target price on American Airlines Group from $12.00 to $11.00 and set an underperform rating for the company in a report on Wednesday, May 29th. Jefferies Financial Group downgraded American Airlines Group from a buy rating to a hold rating and lowered their price target for the company from $17.00 to $12.00 in a report on Wednesday, May 29th. Finally, Seaport Res Ptn cut shares of American Airlines Group from a strong-buy rating to a hold rating in a research note on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Airlines Group currently has a consensus rating of Hold and an average price target of $15.03.
View Our Latest Stock Report on AAL
American Airlines Group Trading Up 5.5 %
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same period in the prior year, the firm posted $0.05 EPS. American Airlines Group’s revenue was up 3.1% on a year-over-year basis. As a group, research analysts predict that American Airlines Group will post 1.78 EPS for the current year.
About American Airlines Group
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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