American Airlines Group (AAL) Set to Announce Quarterly Earnings on Thursday

American Airlines Group (NASDAQ:AAL) will be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce 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.Investors that wish to register for the company’s conference call can do so using this link.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. The business had revenue of $13.06 billion during the quarter, compared to the consensus estimate 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 was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $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 Performance

NASDAQ:AAL opened at $13.89 on Thursday. The stock has a market capitalization of $9.09 billion, a P/E ratio of 12.63, a PEG ratio of 0.11 and a beta of 1.57. The company has a 50 day moving average price of $14.56 and a 200 day moving average price of $13.56. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AAL. 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 report on Tuesday, March 5th. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, January 11th. Morgan Stanley reiterated an “overweight” rating and issued a $20.00 price target on shares of American Airlines Group in a research report on Tuesday, March 5th. Finally, Barclays raised their target price on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AAL. Raymond James & Associates raised its position in shares of American Airlines Group by 12.8% during the 1st quarter. Raymond James & Associates now owns 143,373 shares of the airline’s stock worth $2,617,000 after buying an additional 16,316 shares in the last quarter. American Century Companies Inc. grew its position in American Airlines Group by 14.1% during the first quarter. American Century Companies Inc. now owns 27,651 shares of the airline’s stock valued at $505,000 after purchasing an additional 3,421 shares in the last quarter. US Bancorp DE grew its position in American Airlines Group by 11.0% during the first quarter. US Bancorp DE now owns 20,747 shares of the airline’s stock valued at $378,000 after purchasing an additional 2,064 shares in the last quarter. MetLife Investment Management LLC lifted its stake in American Airlines Group by 23.1% in the first quarter. MetLife Investment Management LLC now owns 176,047 shares of the airline’s stock valued at $3,213,000 after acquiring an additional 32,986 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in American Airlines Group by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,668 shares of the airline’s stock valued at $1,582,000 after acquiring an additional 5,393 shares during the last quarter. 52.44% of the stock is 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.