Research Analysts Set Expectations for United Airlines Holdings, Inc.’s Q1 2023 Earnings (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UALGet Rating) – Seaport Res Ptn lifted their Q1 2023 EPS estimates for United Airlines in a research report issued to clients and investors on Tuesday, January 17th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will earn $0.95 per share for the quarter, up from their previous estimate of ($0.25). The consensus estimate for United Airlines’ current full-year earnings is $2.11 per share. Seaport Res Ptn also issued estimates for United Airlines’ Q2 2023 earnings at $3.25 EPS, Q3 2023 earnings at $3.75 EPS, Q4 2023 earnings at $2.25 EPS, FY2023 earnings at $10.20 EPS and FY2024 earnings at $12.00 EPS.

A number of other brokerages have also recently commented on UAL. StockNews.com began coverage on shares of United Airlines in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. The Goldman Sachs Group began coverage on United Airlines in a research report on Friday, December 16th. They set a “buy” rating and a $51.00 price objective for the company. Citigroup increased their target price on United Airlines from $56.00 to $65.00 and gave the company a “buy” rating in a report on Friday, October 21st. Bank of America boosted their price target on United Airlines from $35.00 to $40.00 and gave the stock an “underperform” rating in a report on Thursday, October 20th. Finally, Argus raised United Airlines from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Tuesday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, United Airlines presently has an average rating of “Hold” and an average target price of $52.56.

United Airlines Trading Up 2.3 %

Shares of UAL stock opened at $49.46 on Friday. The stock has a market cap of $16.16 billion, a P/E ratio of -20.87 and a beta of 1.35. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 5.84. United Airlines has a fifty-two week low of $30.54 and a fifty-two week high of $53.26. The business has a fifty day simple moving average of $42.96 and a 200-day simple moving average of $39.53.

United Airlines (NASDAQ:UALGet Rating) last released its quarterly earnings results on Wednesday, January 18th. The transportation company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.36. The business had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $12.23 billion. United Airlines had a negative return on equity of 11.42% and a negative net margin of 1.85%. The company’s revenue was up 51.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.60) EPS.

Insider Buying and Selling

In other United Airlines news, Director James A. C. Kennedy acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, December 14th. The stock was bought at an average cost of $39.72 per share, for a total transaction of $79,440.00. Following the completion of the purchase, the director now directly owns 16,596 shares in the company, valued at $659,193.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On United Airlines

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital International Investors acquired a new position in shares of United Airlines during the first quarter worth $351,299,000. Altimeter Capital Management LP purchased a new position in United Airlines in the 1st quarter valued at about $115,175,000. Ensign Peak Advisors Inc grew its stake in shares of United Airlines by 1,248.8% during the first quarter. Ensign Peak Advisors Inc now owns 1,474,058 shares of the transportation company’s stock valued at $68,337,000 after acquiring an additional 1,364,768 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of United Airlines by 202.7% during the third quarter. Renaissance Technologies LLC now owns 1,734,663 shares of the transportation company’s stock worth $56,429,000 after acquiring an additional 1,161,663 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of United Airlines by 403.3% in the first quarter. The Manufacturers Life Insurance Company now owns 1,240,877 shares of the transportation company’s stock worth $57,527,000 after acquiring an additional 994,335 shares in the last quarter. Hedge funds and other institutional investors own 59.73% of the company’s stock.

United Airlines Company Profile

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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, training, and maintenance services for third parties.

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Earnings History and Estimates for United Airlines (NASDAQ:UAL)

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