Research Analysts Set Expectations for United Airlines Holdings, Inc.’s Q3 2024 Earnings (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL) – Stock analysts at Zacks Research decreased their Q3 2024 EPS estimates for shares of United Airlines in a report released on Wednesday, May 1st. Zacks Research analyst M. Basu now anticipates that the transportation company will earn $3.83 per share for the quarter, down from their prior forecast of $3.88. The consensus estimate for United Airlines’ current full-year earnings is $9.93 per share. Zacks Research also issued estimates for United Airlines’ Q4 2024 earnings at $1.88 EPS, FY2024 earnings at $9.50 EPS, Q3 2025 earnings at $3.23 EPS, Q4 2025 earnings at $1.11 EPS and FY2025 earnings at $10.54 EPS.

Other analysts also recently issued reports about the company. Morgan Stanley upped their price objective on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Bank of America lifted their price objective on shares of United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. UBS Group initiated coverage on shares of United Airlines in a research report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price objective for the company. Raymond James raised their target price on shares of United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Finally, StockNews.com upgraded shares of United Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, United Airlines currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.53.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $52.69 on Monday. United Airlines has a one year low of $33.68 and a one year high of $58.23. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 0.51 and a beta of 1.49. The company has a 50-day simple moving average of $46.66 and a 200-day simple moving average of $42.64. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75.

Insider Activity

In related news, EVP Kate Gebo sold 15,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the sale, the executive vice president now directly owns 57,512 shares in the company, valued at approximately $2,925,060.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On United Airlines

Several hedge funds have recently bought and sold shares of UAL. U S Global Investors Inc. lifted its position in United Airlines by 31.9% during the fourth quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock worth $171,637,000 after buying an additional 1,005,170 shares during the period. Norges Bank acquired a new position in shares of United Airlines in the 4th quarter valued at about $41,114,000. Invesco Ltd. grew its holdings in shares of United Airlines by 23.5% during the 3rd quarter. Invesco Ltd. now owns 4,649,616 shares of the transportation company’s stock worth $196,679,000 after purchasing an additional 885,199 shares during the period. Los Angeles Capital Management LLC increased its position in United Airlines by 1,993.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock worth $36,456,000 after purchasing an additional 820,660 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in United Airlines by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock valued at $170,974,000 after buying an additional 812,257 shares during the period. Hedge funds and other 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.