American Airlines Group (AAL) to Release Quarterly Earnings on Thursday

American Airlines Group (NASDAQ:AAL) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect American Airlines Group to post earnings of ($0.28) per share for the quarter. American Airlines Group has set its Q1 guidance at ($0.35)-($0.15) EPS and its FY24 guidance at $2.25-$3.25 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.18. The business had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. On average, analysts expect American Airlines Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

American Airlines Group Stock Up 6.6 %

Shares of AAL stock opened at $13.89 on Thursday. The stock has a market cap of $9.09 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57. The business has a 50-day simple moving average of $14.56 and a 200-day simple moving average of $13.56. American Airlines Group has a 52-week low of $10.86 and a 52-week high of $19.08.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AAL. Evercore ISI restated a “hold” rating and issued a $17.00 price target on shares of American Airlines Group in a research note on Monday, January 29th. UBS Group initiated coverage on American Airlines Group in a research note on Wednesday, March 20th. They set a “buy” rating and a $19.00 price objective for the company. Seaport Res Ptn upgraded American Airlines Group from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Citigroup reiterated a “buy” rating and issued a $20.00 price objective on shares of American Airlines Group in a report on Thursday, March 14th. Finally, Morgan Stanley restated an “overweight” rating and set a $20.00 price target on shares of American Airlines Group in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.53.

Hedge Funds Weigh In On American Airlines Group

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of American Airlines Group by 502.0% during the first quarter. The Manufacturers Life Insurance Company now owns 2,986,179 shares of the airline’s stock worth $54,498,000 after purchasing an additional 2,490,121 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in American Airlines Group in the 1st quarter valued at approximately $44,800,000. Norges Bank purchased a new stake in American Airlines Group in the 4th quarter valued at approximately $22,039,000. Point72 Asset Management L.P. boosted its holdings in American Airlines Group by 796.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,793,568 shares of the airline’s stock valued at $32,177,000 after purchasing an additional 1,593,568 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of American Airlines Group by 23.6% during the 1st quarter. Invesco Ltd. now owns 7,247,250 shares of the airline’s stock worth $132,261,000 after acquiring an additional 1,382,569 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

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.