American Airlines Group (NASDAQ:AAL) Posts Earnings Results, Beats Estimates By $0.14 EPS

American Airlines Group (NASDAQ:AAL) announced its quarterly earnings data on Thursday. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14, Briefing.com reports. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue was up 1.2% on a year-over-year basis.

American Airlines Group Stock Up 2.9 %

American Airlines Group stock traded up $0.37 during mid-day trading on Friday, reaching $13.15. 44,350,761 shares of the company’s stock traded hands, compared to its average volume of 34,918,906. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $16.15. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 0.26 and a beta of 1.43. The stock has a 50 day moving average of $11.28 and a two-hundred day moving average of $11.77.

Analyst Upgrades and Downgrades

AAL has been the subject of a number of analyst reports. Bank of America increased their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday. Sanford C. Bernstein downgraded American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Susquehanna increased their target price on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, TD Cowen boosted their price target on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.40.

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.