American Airlines Group (NASDAQ:AAL – Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.25-0.50 for the period, compared to the consensus EPS estimate of $0.32. American Airlines Group also updated its FY 2024 guidance to 1.350-1.600 EPS.
American Airlines Group Trading Down 0.4 %
NASDAQ:AAL traded down $0.05 during mid-day trading on Thursday, reaching $12.78. 65,487,835 shares of the stock were exchanged, compared to its average volume of 34,872,938. The business has a fifty day moving average price of $11.22 and a 200 day moving average price of $11.79. 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 $8.38 billion, a PE ratio of 21.30, a PEG ratio of 0.26 and a beta of 1.43.
American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. During the same quarter in the previous year, the company posted $1.92 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that American Airlines Group will post 1.22 earnings per share for the current year.
Analyst Upgrades and Downgrades
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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.
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