American Airlines Group Inc. Forecasted to Earn Q2 2022 Earnings of $0.85 Per Share (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AALGet Rating) – Analysts at Seaport Res Ptn lifted their Q2 2022 earnings per share (EPS) estimates for American Airlines Group in a research report issued to clients and investors on Wednesday, June 15th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the airline will post earnings of $0.85 per share for the quarter, up from their previous forecast of $0.70. Seaport Res Ptn has a “Neutral” rating on the stock. The consensus estimate for American Airlines Group’s current full-year earnings is ($1.11) per share.

American Airlines Group (NASDAQ:AALGet Rating) last issued its quarterly earnings results on Thursday, April 21st. The airline reported ($2.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.43) by $0.11. The business had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.82 billion. American Airlines Group’s revenue was up 122.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($4.32) EPS.

A number of other brokerages also recently issued reports on AAL. JPMorgan Chase & Co. raised American Airlines Group from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $18.00 to $26.00 in a report on Friday, April 22nd. Morgan Stanley boosted their price target on American Airlines Group from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, April 22nd. Argus raised American Airlines Group from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, April 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on American Airlines Group from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, April 22nd. Finally, Barclays reduced their target price on American Airlines Group from $20.00 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.71.

Shares of NASDAQ AAL opened at $12.16 on Friday. The business’s 50 day moving average price is $17.34 and its 200 day moving average price is $17.27. American Airlines Group has a 52 week low of $11.96 and a 52 week high of $23.13.

Several institutional investors and hedge funds have recently modified their holdings of the stock. J.W. Cole Advisors Inc. grew its holdings in American Airlines Group by 518.2% in the 1st quarter. J.W. Cole Advisors Inc. now owns 111,775 shares of the airline’s stock valued at $68,000 after buying an additional 93,694 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of American Airlines Group by 32.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,018 shares of the airline’s stock worth $968,000 after purchasing an additional 12,980 shares during the period. EJF Capital LLC purchased a new position in shares of American Airlines Group during the 1st quarter worth $456,000. Kestra Private Wealth Services LLC grew its holdings in shares of American Airlines Group by 2.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 28,945 shares of the airline’s stock worth $528,000 after purchasing an additional 778 shares during the period. Finally, Neuberger Berman Group LLC grew its holdings in shares of American Airlines Group by 108.0% during the 1st quarter. Neuberger Berman Group LLC now owns 4,887,680 shares of the airline’s stock worth $89,200,000 after purchasing an additional 2,538,066 shares during the period. Hedge funds and other institutional investors own 53.70% of the company’s stock.

About American Airlines Group (Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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Earnings History and Estimates for American Airlines Group (NASDAQ:AAL)

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