American Airlines Group Inc. (NASDAQ:AAL) Expected to Post FY2024 Earnings of $1.12 Per Share

American Airlines Group Inc. (NASDAQ:AAL) – Zacks Research increased their FY2024 earnings per share (EPS) estimates for American Airlines Group in a report released on Thursday, September 12th. Zacks Research analyst M. Basu now anticipates that the airline will post earnings of $1.12 per share for the year, up from their previous forecast of $1.01. The consensus estimate for American Airlines Group’s current full-year earnings is $1.06 per share. Zacks Research also issued estimates for American Airlines Group’s Q4 2024 earnings at $0.37 EPS, Q1 2025 earnings at ($0.07) EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.08 EPS, FY2025 earnings at $1.15 EPS, Q1 2026 earnings at $0.77 EPS, Q2 2026 earnings at $0.48 EPS and FY2026 earnings at $2.26 EPS.

AAL has been the topic of several other research reports. Citigroup cut their target price on American Airlines Group from $20.00 to $16.50 and set a “buy” rating on the stock in a research note on Friday, May 31st. JPMorgan Chase & Co. cut their target price on American Airlines Group from $21.00 to $15.00 in a research note on Friday, July 26th. Evercore cut their target price on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Morgan Stanley cut their target price on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, June 3rd. Finally, Susquehanna dropped their price target on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, American Airlines Group presently has an average rating of “Hold” and an average target price of $13.73.

American Airlines Group Price Performance

AAL opened at $10.81 on Monday. The business’s 50-day moving average is $10.41 and its two-hundred day moving average is $12.31. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $16.15. The firm has a market capitalization of $7.09 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43.

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

Institutional Investors Weigh In On American Airlines Group

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after acquiring an additional 806,770 shares during the period. Primecap Management Co. CA lifted its holdings in American Airlines Group by 34.4% in the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after acquiring an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP lifted its holdings in American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares during the period. Par Capital Management Inc. lifted its holdings in American Airlines Group by 0.4% in the fourth quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock valued at $34,496,000 after acquiring an additional 10,600 shares during the period. Finally, Norges Bank acquired a new position in American Airlines Group in the fourth quarter valued at approximately $22,819,000. 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.