Brokers

Brokers Offer Predictions for American Airlines Group Inc.’s Q2 2022 Earnings (NASDAQ:AAL)

American Airlines Group Inc. (NASDAQ:AALGet Rating) – Equities research analysts at Jefferies Financial Group lifted their Q2 2022 earnings per share (EPS) estimates for American Airlines Group in a note issued to investors on Tuesday, July 12th. Jefferies Financial Group analyst S. Kahyaoglu now forecasts that the airline will post earnings per share of $0.68 for the quarter, up from their previous forecast of $0.43. Jefferies Financial Group has a “Hold” rating and a $20.00 price target on the stock. The consensus estimate for American Airlines Group’s current full-year earnings is ($1.10) per share. Jefferies Financial Group also issued estimates for American Airlines Group’s Q3 2022 earnings at ($0.17) EPS, Q4 2022 earnings at ($0.47) EPS, FY2022 earnings at ($2.20) EPS, FY2023 earnings at $0.00 EPS and FY2024 earnings at $1.15 EPS.

AAL has been the topic of a number of other reports. StockNews.com initiated coverage on American Airlines Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley upped their price target on American Airlines Group from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, April 22nd. Susquehanna cut their target price on American Airlines Group from $19.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday. Susquehanna Bancshares lowered their price target on American Airlines Group from $19.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Citigroup lowered their price target on American Airlines Group from $22.00 to $15.75 in a report on Monday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.20.

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Shares of NASDAQ AAL opened at $14.31 on Thursday. American Airlines Group has a 12 month low of $11.93 and a 12 month high of $22.35. The business’s 50 day moving average is $15.19 and its two-hundred day moving average is $16.70. American Airlines Group (NASDAQ:AALGet Rating) last released its earnings results on Thursday, April 21st. The airline reported ($2.32) earnings per share for the quarter, beating the consensus estimate of ($2.43) by $0.11. The business had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.82 billion. The company’s revenue was up 122.0% compared to the same quarter last year. During the same period last year, the firm earned ($4.32) EPS.

Several institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC grew its position in American Airlines Group by 10.2% during the 2nd quarter. Private Advisor Group LLC now owns 102,182 shares of the airline’s stock worth $1,296,000 after acquiring an additional 9,438 shares during the last quarter. Evanson Asset Management LLC grew its position in American Airlines Group by 19.7% during the 2nd quarter. Evanson Asset Management LLC now owns 12,184 shares of the airline’s stock worth $154,000 after acquiring an additional 2,006 shares during the last quarter. Kwmg LLC grew its position in American Airlines Group by 3.2% during the 2nd quarter. Kwmg LLC now owns 249,545 shares of the airline’s stock worth $3,164,000 after acquiring an additional 7,700 shares during the last quarter. Avondale Wealth Management grew its position in American Airlines Group by 200.0% during the 2nd quarter. Avondale Wealth Management now owns 6,000 shares of the airline’s stock worth $76,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Brookstone Capital Management grew its position in American Airlines Group by 40.6% during the 2nd quarter. Brookstone Capital Management now owns 21,600 shares of the airline’s stock worth $302,000 after acquiring an additional 6,242 shares during the last quarter. Institutional investors own 53.70% of the company’s stock.

American Airlines Group Company Profile (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.

Further Reading

Earnings History and Estimates for American Airlines Group (NASDAQ:AAL)

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