Equities Analysts Set Expectations for American Airlines Group Inc.’s Q3 2024 Earnings (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL) – Research analysts at Seaport Res Ptn raised their Q3 2024 EPS estimates for American Airlines Group in a report issued on Monday, June 24th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the airline will post earnings of $0.75 per share for the quarter, up from their previous estimate of $0.60. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for American Airlines Group’s current full-year earnings is $2.14 per share. Seaport Res Ptn also issued estimates for American Airlines Group’s Q4 2024 earnings at $0.70 EPS and FY2024 earnings at $2.25 EPS.

Other analysts have also issued reports about the stock. Jefferies Financial Group lowered shares of American Airlines Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $17.00 to $12.00 in a report on Wednesday, May 29th. UBS Group assumed coverage on American Airlines Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price objective on the stock. Morgan Stanley decreased 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. dropped their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Finally, Susquehanna reduced their price objective on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.53.

American Airlines Group Stock Down 0.3 %

Shares of American Airlines Group stock opened at $11.13 on Wednesday. The company’s fifty day simple moving average is $13.07 and its two-hundred day simple moving average is $13.90. American Airlines Group has a 12-month low of $10.86 and a 12-month high of $19.08. The firm has a market cap of $7.30 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 0.19 and a beta of 1.49.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The company had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same period last year, the firm posted $0.05 EPS. The company’s revenue was up 3.1% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Keynote Financial Services LLC bought a new stake in shares of American Airlines Group during the first quarter valued at approximately $171,000. EverSource Wealth Advisors LLC lifted its holdings in shares of American Airlines Group by 968.5% during the first quarter. EverSource Wealth Advisors LLC now owns 29,116 shares of the airline’s stock valued at $447,000 after purchasing an additional 26,391 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in American Airlines Group by 324.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,707 shares of the airline’s stock worth $162,000 after buying an additional 8,185 shares in the last quarter. Cetera Advisors LLC raised its position in American Airlines Group by 18.2% in the 1st quarter. Cetera Advisors LLC now owns 35,591 shares of the airline’s stock worth $546,000 after buying an additional 5,480 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in American Airlines Group by 271.8% during the 1st quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock valued at $2,872,000 after acquiring an additional 136,797 shares during the period. 52.44% of the stock is owned by hedge funds and other 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.