United Airlines (NASDAQ:UAL) Updates Q2 2024 Earnings Guidance

United Airlines (NASDAQ:UAL) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 3.750-4.250 for the period, compared to the consensus earnings per share estimate of 3.710. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com upgraded United Airlines from a sell rating to a hold rating in a report on Thursday. Susquehanna dropped their price objective on United Airlines from $60.00 to $55.00 and set a positive rating on the stock in a report on Tuesday, April 9th. Evercore ISI upgraded United Airlines from an in-line rating to an outperform rating and lifted their target price for the stock from $58.00 to $65.00 in a research report on Friday, February 9th. TD Cowen boosted their price objective on United Airlines from $55.00 to $65.00 and gave the company an outperform rating in a research report on Wednesday, January 24th. Finally, Redburn Atlantic lowered United Airlines from a buy rating to a neutral rating and set a $50.00 price objective for the company. in a research report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, United Airlines has an average rating of Moderate Buy and an average price target of $64.60.

United Airlines Stock Up 17.4 %

UAL opened at $48.74 on Thursday. United Airlines has a one year low of $33.68 and a one year high of $58.23. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The stock’s fifty day moving average is $44.09 and its 200-day moving average is $41.35. The company has a market capitalization of $16.03 billion, a PE ratio of 6.02, a P/E/G ratio of 0.58 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a return on equity of 40.50% and a net margin of 4.90%. The company had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.55 billion. During the same quarter in the previous year, the business earned $2.46 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts predict that United Airlines will post 9.46 EPS for the current fiscal year.

Institutional Trading of United Airlines

Hedge funds and other institutional investors have recently modified their holdings of the company. Oarsman Capital Inc. acquired a new stake in shares of United Airlines during the fourth quarter worth $217,000. Public Employees Retirement System of Ohio raised its position in shares of United Airlines by 2.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 193,087 shares of the transportation company’s stock worth $7,967,000 after purchasing an additional 4,572 shares during the period. Virtus ETF Advisers LLC raised its position in shares of United Airlines by 27.4% during the fourth quarter. Virtus ETF Advisers LLC now owns 16,519 shares of the transportation company’s stock worth $682,000 after purchasing an additional 3,553 shares during the period. Legal & General Group Plc raised its position in shares of United Airlines by 8.4% during the fourth quarter. Legal & General Group Plc now owns 563,067 shares of the transportation company’s stock worth $23,232,000 after purchasing an additional 43,611 shares during the period. Finally, NWI Management LP raised its position in shares of United Airlines by 92.3% during the fourth quarter. NWI Management LP now owns 375,000 shares of the transportation company’s stock worth $15,473,000 after purchasing an additional 180,000 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Company Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.