Q2 2024 Earnings Forecast for American Airlines Group Inc. Issued By Seaport Res Ptn (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL) – Equities research analysts at Seaport Res Ptn dropped their Q2 2024 EPS estimates for American Airlines Group in a research report issued on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now expects that the airline will post earnings per share of $1.20 for the quarter, down from their previous forecast of $1.30. Seaport Res Ptn currently has a “Buy” rating on the stock. The consensus estimate for American Airlines Group’s current full-year earnings is $2.53 per share. Seaport Res Ptn also issued estimates for American Airlines Group’s Q4 2024 earnings at $0.85 EPS and FY2024 earnings at $2.80 EPS.

A number of other equities research analysts also recently issued reports on the stock. Barclays boosted their target price on shares of American Airlines Group from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, January 26th. UBS Group began coverage on shares of American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Sanford C. Bernstein boosted their price objective on shares of American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $20.00 price objective on shares of American Airlines Group in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.53.

American Airlines Group Trading Up 0.7 %

Shares of AAL opened at $13.03 on Tuesday. The stock has a market cap of $8.53 billion, a P/E ratio of 11.85, a PEG ratio of 0.11 and a beta of 1.57. The company has a 50-day moving average of $14.62 and a two-hundred day moving average of $13.56. American Airlines Group has a 12-month low of $10.86 and a 12-month high of $19.08.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, beating the consensus estimate of $0.11 by $0.18. The firm had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $13.01 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.17 earnings per share.

Institutional Trading of American Airlines Group

Several institutional investors have recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC bought a new position in American Airlines Group during the fourth quarter valued at approximately $27,000. Gables Capital Management Inc. raised its position in American Airlines Group by 100.0% during the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after acquiring an additional 1,000 shares in the last quarter. RVW Wealth LLC bought a new position in shares of American Airlines Group in the third quarter valued at approximately $27,000. GoalVest Advisory LLC bought a new position in shares of American Airlines Group in the first quarter valued at approximately $38,000. Finally, Quarry LP bought a new position in shares of American Airlines Group in the fourth quarter valued at approximately $34,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

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.