American Airlines Group (NASDAQ:AAL) Updates Q3 2021 Earnings Guidance

American Airlines Group (NASDAQ:AAL) updated its third quarter 2021 earnings guidance on Thursday. The company provided earnings per share guidance of $-1.040-$-0.960 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-1.200. The company issued revenue guidance of $8.96 billion-$8.96 billion, compared to the consensus revenue estimate of $8.85 billion.

NASDAQ:AAL opened at $19.61 on Thursday. American Airlines Group has a 1 year low of $10.63 and a 1 year high of $26.09. The stock has a market cap of $12.70 billion, a P/E ratio of -1.87 and a beta of 1.78. The stock has a 50-day simple moving average of $20.10 and a 200-day simple moving average of $21.45.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Wednesday, July 21st. The airline reported ($1.69) earnings per share for the quarter, topping the consensus estimate of ($1.71) by $0.02. The business had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $7.48 billion. American Airlines Group’s revenue for the quarter was up 361.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($7.82) EPS. As a group, research analysts forecast that American Airlines Group will post -6.89 EPS for the current fiscal year.

A number of research firms have recently issued reports on AAL. Susquehanna raised American Airlines Group from a negative rating to a neutral rating and boosted their target price for the company from $18.00 to $20.00 in a report on Tuesday, July 27th. Susquehanna Bancshares raised American Airlines Group to a neutral rating and boosted their target price for the company from $18.00 to $20.00 in a report on Tuesday, July 27th. Seaport Res Ptn raised American Airlines Group from a neutral rating to a buy rating in a report on Friday, July 23rd. Seaport Global Securities raised American Airlines Group from a neutral rating to a buy rating and set a $27.00 target price on the stock in a report on Friday, July 23rd. Finally, Citigroup raised American Airlines Group from a sell rating to a neutral rating and set a $21.50 price objective on the stock in a report on Wednesday, July 14th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $20.80.

About American Airlines Group

American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific.

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

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