American Airlines Group Inc. Forecasted to Earn Q2 2022 Earnings of $0.85 Per Share (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AALGet Rating) – Equities research analysts at Seaport Res Ptn increased their Q2 2022 EPS estimates for shares of American Airlines Group in a report issued on Wednesday, June 15th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the airline will post earnings of $0.85 per share for the quarter, up from their prior forecast of $0.70. Seaport Res Ptn has a “Neutral” rating on the stock. The consensus estimate for American Airlines Group’s current full-year earnings is ($1.11) per share.

American Airlines Group (NASDAQ:AALGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The airline reported ($2.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.43) by $0.11. The company had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.82 billion. The firm’s revenue for the quarter was up 122.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($4.32) earnings per share.

Several other analysts also recently commented on AAL. Barclays cut their price objective on shares of American Airlines Group from $20.00 to $17.00 and set an “underweight” rating on the stock in a research report on Tuesday. Argus upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, April 22nd. StockNews.com began coverage on shares of American Airlines Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. upgraded shares of American Airlines Group from an “underweight” rating to a “neutral” rating and upped their target price for the company from $18.00 to $26.00 in a research note on Friday, April 22nd. Finally, The Goldman Sachs Group lowered their target price on shares of American Airlines Group from $14.00 to $12.00 and set a “sell” rating on the stock in a research note on Wednesday, March 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group has a consensus rating of “Hold” and an average price target of $20.71.

NASDAQ:AAL opened at $12.16 on Friday. American Airlines Group has a 1-year low of $11.96 and a 1-year high of $23.13. The firm’s 50-day moving average price is $17.34 and its 200-day moving average price is $17.27.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAL. Franklin Resources Inc. purchased a new stake in American Airlines Group during the 3rd quarter valued at approximately $217,000. Dimensional Fund Advisors LP grew its holdings in American Airlines Group by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,308,551 shares of the airline’s stock valued at $26,854,000 after buying an additional 27,046 shares in the last quarter. Mariner LLC grew its holdings in American Airlines Group by 70.1% during the 3rd quarter. Mariner LLC now owns 49,554 shares of the airline’s stock valued at $1,017,000 after buying an additional 20,429 shares in the last quarter. Guggenheim Capital LLC grew its holdings in American Airlines Group by 7.1% during the 3rd quarter. Guggenheim Capital LLC now owns 85,299 shares of the airline’s stock valued at $1,751,000 after buying an additional 5,654 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in American Airlines Group during the 3rd quarter valued at approximately $4,021,000. Institutional investors own 53.70% of the company’s stock.

About American Airlines Group (Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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