Seaport Res Ptn Issues Optimistic Estimate for AAL Earnings

American Airlines Group Inc. (NASDAQ:AAL) – Seaport Res Ptn raised their FY2024 earnings per share estimates for American Airlines Group in a note issued to investors on Thursday, December 5th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the airline will post earnings per share of $1.77 for the year, up from their prior estimate of $1.47. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for American Airlines Group’s current full-year earnings is $1.53 per share. Seaport Res Ptn also issued estimates for American Airlines Group’s Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $1.55 EPS, Q3 2025 earnings at $0.50 EPS, FY2025 earnings at $2.50 EPS and FY2027 earnings at $3.00 EPS.

AAL has been the topic of a number of other research reports. Citigroup boosted their price objective on shares of American Airlines Group from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a research report on Friday, November 15th. Evercore ISI lifted their price objective on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Finally, Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.82.

American Airlines Group Stock Down 1.4 %

Shares of NASDAQ AAL opened at $17.16 on Monday. The firm’s fifty day moving average is $13.56 and its 200 day moving average is $11.83. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $18.09. The company has a market cap of $11.28 billion, a price-to-earnings ratio of 52.00, a PEG ratio of 0.30 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS.

Institutional Trading of American Airlines Group

A number of institutional investors and hedge funds have recently bought and sold shares of AAL. Blue Trust Inc. increased its holdings in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares in the last quarter. UMB Bank n.a. grew its stake in shares of American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after acquiring an additional 2,264 shares during the period. Sentry Investment Management LLC purchased a new position in shares of American Airlines Group during the second quarter valued at approximately $36,000. ORG Partners LLC bought a new position in American Airlines Group during the second quarter valued at approximately $36,000. Finally, First Command Advisory Services Inc. purchased a new stake in American Airlines Group in the second quarter worth approximately $43,000. 52.44% of the stock is currently owned by institutional investors.

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.