American Airlines Group (NASDAQ:AAL – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.700-1.300 for the period, compared to the consensus earnings per share estimate of 1.810. The company issued revenue guidance of -. American Airlines Group also updated its FY24 guidance to $0.70-1.30 EPS.
American Airlines Group Trading Up 4.2 %
Shares of AAL traded up $0.43 during mid-day trading on Thursday, reaching $10.60. The company’s stock had a trading volume of 96,219,992 shares, compared to its average volume of 34,578,020. The stock has a market cap of $6.95 billion, a P/E ratio of 17.67, a PEG ratio of 0.22 and a beta of 1.44. American Airlines Group has a 1-year low of $9.76 and a 1-year high of $16.90. The business has a 50-day simple moving average of $11.59 and a two-hundred day simple moving average of $13.43.
American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing the consensus estimate 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 in the previous year, the company earned $0.05 earnings per share. American Airlines Group’s revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts anticipate that American Airlines Group will post 1.78 EPS for the current year.
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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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