Zacks Research Analysts Reduce Earnings Estimates for American Airlines Group Inc. (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL) – Equities research analysts at Zacks Research dropped their Q3 2024 earnings per share estimates for American Airlines Group in a research report issued on Wednesday, August 14th. Zacks Research analyst M. Basu now anticipates that the airline will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.70. The consensus estimate for American Airlines Group’s current full-year earnings is $0.96 per share. Zacks Research also issued estimates for American Airlines Group’s Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $1.01 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.85 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.00 EPS, FY2025 earnings at $1.20 EPS, Q1 2026 earnings at $0.79 EPS, Q2 2026 earnings at $0.46 EPS and FY2026 earnings at $2.25 EPS.

A number of other equities analysts have also commented on the company. HSBC initiated coverage on American Airlines Group in a research note on Monday, May 13th. They issued a “buy” rating and a $17.90 price objective on the stock. Susquehanna lowered their target price on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Morgan Stanley lowered their target price on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 3rd. JPMorgan Chase & Co. lowered their target price on American Airlines Group from $21.00 to $15.00 in a report on Friday, July 26th. Finally, Barclays lowered their target price on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.73.

American Airlines Group Price Performance

American Airlines Group stock opened at $10.05 on Monday. The stock’s 50 day moving average is $10.69 and its 200 day moving average is $12.95. The firm has a market cap of $6.59 billion, a P/E ratio of 16.75, a P/E/G ratio of 0.21 and a beta of 1.44. American Airlines Group has a one year low of $9.07 and a one year high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $14.33 billion for the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.92 earnings per share.

Institutional Investors Weigh In On American Airlines Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC bought a new stake in shares of American Airlines Group during the fourth quarter valued at approximately $27,000. UMB Bank n.a. increased its holdings in shares of American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after acquiring an additional 2,264 shares in the last quarter. Quarry LP bought a new stake in shares of American Airlines Group during the fourth quarter valued at approximately $34,000. Beaird Harris Wealth Management LLC increased its holdings in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after acquiring an additional 795 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in American Airlines Group during the second quarter worth $36,000. Institutional investors own 52.44% of the company’s stock.

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.