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

American Airlines Group Inc. (NASDAQ:AAL) – Research analysts at Seaport Res Ptn decreased 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 earn $1.20 per share for the quarter, down from their previous estimate of $1.30. Seaport Res Ptn 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.

Several other brokerages have also issued reports on AAL. UBS Group began coverage on shares of American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target on the stock. Wolfe Research raised shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 target price for the company in a report on Monday, January 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 target price on shares of American Airlines Group in a report on Tuesday, March 5th. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, January 11th. Finally, Sanford C. Bernstein lifted 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.53.

American Airlines Group Stock Performance

AAL opened at $13.03 on Tuesday. American Airlines Group has a twelve month low of $10.86 and a twelve month high of $19.08. The firm’s fifty day moving average is $14.62 and its two-hundred day moving average is $13.56. The firm has a market cap of $8.53 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. The firm had revenue of $13.06 billion for 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% on a year-over-year basis. During the same period last year, the firm earned $1.17 earnings per share.

Hedge Funds Weigh In On American Airlines Group

A number of large investors have recently modified their holdings of the company. Gables Capital Management Inc. raised its stake in American Airlines Group by 100.0% in the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. RVW Wealth LLC purchased a new position in shares of American Airlines Group in the third quarter worth $27,000. Vermillion & White Wealth Management Group LLC bought a new stake in American Airlines Group in the fourth quarter valued at $27,000. DekaBank Deutsche Girozentrale bought a new stake in American Airlines Group in the third quarter valued at $33,000. Finally, Quarry LP bought a new stake in American Airlines Group in the fourth quarter valued at $34,000. 52.44% of the stock is currently owned by institutional investors.

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.