Brokers Set Expectations for United Airlines Holdings, Inc.’s Q1 2024 Earnings (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL) – Seaport Res Ptn increased their Q1 2024 earnings per share estimates for United Airlines in a report released on Monday, April 8th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will post earnings per share of ($0.45) for the quarter, up from their prior estimate of ($0.75). The consensus estimate for United Airlines’ current full-year earnings is $9.58 per share. Seaport Res Ptn also issued estimates for United Airlines’ Q3 2024 earnings at $3.50 EPS.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a return on equity of 41.01% and a net margin of 4.87%. The firm had revenue of $13.63 billion during the quarter, compared to analyst estimates of $13.55 billion. During the same quarter last year, the firm earned $2.46 EPS. United Airlines’s quarterly revenue was up 9.9% on a year-over-year basis.

Several other research analysts have also commented on UAL. Raymond James decreased their target price on United Airlines from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 20th. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $58.00 to $65.00 in a report on Friday, February 9th. Susquehanna cut their price target on United Airlines from $60.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday. UBS Group started coverage on United Airlines in a report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 price target on the stock. Finally, Redburn Atlantic downgraded United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.60.

United Airlines Price Performance

Shares of UAL opened at $41.80 on Thursday. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 5.30, a PEG ratio of 0.59 and a beta of 1.55. The stock has a 50 day moving average of $43.92 and a 200-day moving average of $41.33. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 2.70. United Airlines has a 52 week low of $33.68 and a 52 week high of $58.23.

Institutional Trading of United Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of United Airlines by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 34,550,592 shares of the transportation company’s stock worth $1,601,764,000 after buying an additional 700,850 shares in the last quarter. Capital International Investors bought a new stake in shares of United Airlines in the 1st quarter worth $351,299,000. Geode Capital Management LLC raised its stake in shares of United Airlines by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 7,018,196 shares of the transportation company’s stock worth $310,174,000 after buying an additional 146,791 shares in the last quarter. Invesco Ltd. grew its holdings in shares of United Airlines by 23.5% in the 3rd quarter. Invesco Ltd. now owns 4,649,616 shares of the transportation company’s stock worth $196,679,000 after acquiring an additional 885,199 shares during the last quarter. Finally, U S Global Investors Inc. grew its holdings in shares of United Airlines by 31.9% in the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock worth $171,637,000 after acquiring an additional 1,005,170 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

About United Airlines

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.