Brokers Offer Predictions for United Airlines Holdings, Inc.’s Q2 2023 Earnings (NASDAQ:UAL)

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.

Other equities research analysts also recently issued reports about the company. Barclays raised United Airlines from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $52.00 to $80.00 in a report on Friday, March 10th. The Goldman Sachs Group began coverage on United Airlines in a research report on Friday, December 16th. They issued a “buy” rating and a $51.00 price objective for the company. BNP Paribas upgraded United Airlines from an “underperform” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Tuesday, March 7th. Redburn Partners raised United Airlines from a “sell” rating to a “neutral” rating and set a $55.00 price objective for the company in a research note on Wednesday, February 8th. Finally, Morgan Stanley upgraded United Airlines from an “equal weight” rating to an “overweight” rating and set a $67.00 price target on the stock in a report on Monday, December 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $56.31.

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.

Insider Activity

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

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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.