United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) – Equities research analysts at Seaport Res Ptn lifted their Q2 2023 earnings per share estimates for United Airlines in a research note issued on Tuesday, March 14th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of $3.55 per share for the quarter, up from their prior forecast of $3.25. The consensus estimate for United Airlines’ current full-year earnings is $10.33 per share.
United Airlines (NASDAQ:UAL – Get Rating) last released its quarterly earnings data on Tuesday, January 17th. The transportation company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.39. The firm had revenue of $12.40 billion for the quarter, compared to analyst estimates of $12.23 billion. United Airlines had a net margin of 1.64% and a return on equity of 17.15%. United Airlines’s quarterly revenue was up 51.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.60) earnings per share.
United Airlines Trading Up 1.0 %
NASDAQ:UAL opened at $43.59 on Thursday. United Airlines has a 1 year low of $31.58 and a 1 year high of $55.04. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 20.09 and a beta of 1.43. The business has a fifty day moving average of $49.64 and a 200-day moving average of $42.88. The company has a debt-to-equity ratio of 4.12, a quick ratio of 0.95 and a current ratio of 1.00.
In related news, VP Chris Kenny sold 16,000 shares of the company’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $48.94, for a total transaction of $783,040.00. Following the completion of the sale, the vice president now owns 8,132 shares in the company, valued at $397,980.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Edward Shapiro bought 25,000 shares of the stock in a transaction dated Wednesday, March 15th. The stock was bought at an average price of $42.59 per share, for a total transaction of $1,064,750.00. Following the purchase, the director now directly owns 200,000 shares in the company, valued at approximately $8,518,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Chris Kenny sold 16,000 shares of United Airlines stock in a transaction on Friday, February 10th. The stock was sold at an average price of $48.94, for a total value of $783,040.00. Following the completion of the sale, the vice president now directly owns 8,132 shares of the company’s stock, valued at approximately $397,980.08. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.
Institutional Investors Weigh In On United Airlines
Large investors have recently added to or reduced their stakes in the stock. EWG Elevate Inc. purchased a new position in United Airlines in the 4th quarter valued at about $25,000. Hollencrest Capital Management acquired a new position in United Airlines during the fourth quarter worth about $25,000. CoreCap Advisors LLC purchased a new position in shares of United Airlines during the fourth quarter valued at approximately $25,000. Koesten Hirschmann & Crabtree INC. purchased a new position in United Airlines during the fourth quarter worth approximately $26,000. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of United Airlines in the third quarter worth $27,000. 59.73% of the stock is owned by institutional investors.
United Airlines Company Profile
United Airlines Holdings, Inc is a holding company, which engages in the provision of transportation services. It operates through the following geographical segments: Domestic, Atlantic, Pacific, and Latin America. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.
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