Q3 2022 Earnings Forecast for American Airlines Group Inc. (NASDAQ:AAL) Issued By Jefferies Financial Group

American Airlines Group Inc. (NASDAQ:AALGet Rating) – Research analysts at Jefferies Financial Group lifted their Q3 2022 earnings per share (EPS) estimates for American Airlines Group in a research note issued on Monday, July 25th. Jefferies Financial Group analyst S. Kahyaoglu now expects that the airline will post earnings of $0.24 per share for the quarter, up from their previous forecast of ($0.03). Jefferies Financial Group has a “Hold” rating and a $20.00 price objective on the stock. The consensus estimate for American Airlines Group’s current full-year earnings is ($0.97) per share. Jefferies Financial Group also issued estimates for American Airlines Group’s Q4 2022 earnings at ($0.12) EPS, FY2022 earnings at ($1.35) EPS, FY2023 earnings at $0.25 EPS and FY2024 earnings at $1.40 EPS.

American Airlines Group (NASDAQ:AALGet Rating) last posted its quarterly earnings results on Thursday, July 21st. The airline reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. The business had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.40 billion. During the same quarter last year, the firm earned ($1.69) earnings per share. The firm’s quarterly revenue was up 79.5% compared to the same quarter last year.

AAL has been the topic of a number of other reports. Morgan Stanley boosted their target price on American Airlines Group from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, April 22nd. Susquehanna decreased their target price on American Airlines Group from $19.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 12th. Evercore ISI decreased their target price on American Airlines Group from $20.00 to $13.00 and set an “in-line” rating on the stock in a research report on Monday, June 27th. StockNews.com started coverage on American Airlines Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Barclays cut their price target on American Airlines Group from $20.00 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, June 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.58.

American Airlines Group Stock Performance

AAL opened at $13.97 on Wednesday. The business’s fifty day moving average is $14.67 and its two-hundred day moving average is $16.41. The company has a market cap of $9.08 billion, a price-to-earnings ratio of -4.61 and a beta of 1.54. American Airlines Group has a one year low of $11.93 and a one year high of $22.35.

Hedge Funds Weigh In On American Airlines Group

Institutional investors have recently added to or reduced their stakes in the business. CENTRAL TRUST Co increased its stake in American Airlines Group by 6,685.7% during the first quarter. CENTRAL TRUST Co now owns 1,425 shares of the airline’s stock worth $26,000 after acquiring an additional 1,404 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. purchased a new position in American Airlines Group in the fourth quarter valued at about $27,000. Private Capital Group LLC boosted its holdings in American Airlines Group by 207.4% in the first quarter. Private Capital Group LLC now owns 1,534 shares of the airline’s stock valued at $28,000 after purchasing an additional 1,035 shares during the last quarter. Steward Financial Group LLC purchased a new position in American Airlines Group in the fourth quarter valued at about $32,000. Finally, First Horizon Advisors Inc. lifted its holdings in American Airlines Group by 1,403.6% during the 1st quarter. First Horizon Advisors Inc. now owns 2,090 shares of the airline’s stock worth $38,000 after buying an additional 1,951 shares during the last quarter. 53.70% of the stock is currently owned by institutional investors and hedge funds.

About American Airlines Group

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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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