Q3 2024 EPS Estimates for American Airlines Group Inc. Reduced by Zacks Research (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AAL) – Analysts at Zacks Research dropped their Q3 2024 EPS estimates for American Airlines Group in a research report issued on Wednesday, August 14th. Zacks Research analyst M. Basu now expects that the airline will post earnings of $0.00 per share for the quarter, down from their previous 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.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley cut their target price on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, June 3rd. Barclays reduced their price objective on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. 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 note on Thursday, May 30th. Jefferies Financial Group downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $17.00 to $12.00 in a research note on Wednesday, May 29th. Finally, Citigroup reduced their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.73.

American Airlines Group Trading Up 2.6 %

Shares of AAL opened at $10.31 on Monday. The stock has a market cap of $6.76 billion, a P/E ratio of 17.18, a PEG ratio of 0.21 and a beta of 1.44. The company has a 50-day moving average of $10.66 and a two-hundred day moving average of $12.92. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $16.15.

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

Institutional Investors Weigh In On American Airlines Group

A number of large investors have recently added to or reduced their stakes in AAL. Primecap Management Co. CA grew its holdings in American Airlines Group by 34.4% during the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after purchasing an additional 14,549,310 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after purchasing an additional 1,823,928 shares in the last quarter. Norges Bank bought a new position in American Airlines Group during the 4th quarter valued at $22,819,000. Vanguard Group Inc. boosted its stake in American Airlines Group by 1.1% during the 1st 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 last quarter. Finally, SG Americas Securities LLC boosted its stake in American Airlines Group by 132.8% during the 2nd quarter. SG Americas Securities LLC now owns 147,877 shares of the airline’s stock valued at $1,675,000 after acquiring an additional 598,941 shares during the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

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.