Equities Analysts Offer Predictions for United Airlines Holdings, Inc.’s Q3 2024 Earnings (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL) – Analysts at Seaport Res Ptn dropped their Q3 2024 earnings per share estimates for shares of United Airlines in a research note issued to investors on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings per share of $3.40 for the quarter, down from their prior forecast of $3.50. The consensus estimate for United Airlines’ current full-year earnings is $9.55 per share.

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

A number of other research analysts have also commented on the company. Susquehanna lowered their price objective on United Airlines from $60.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday, April 9th. StockNews.com lowered United Airlines from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and raised their target price for the company from $58.00 to $65.00 in a report on Friday, February 9th. Raymond James lowered their target price on United Airlines from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, December 20th. Finally, Redburn Atlantic lowered United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price objective 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 issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.60.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $41.50 on Tuesday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 5.27, a P/E/G ratio of 0.58 and a beta of 1.55. The business’s 50-day simple moving average is $43.94 and its 200-day simple moving average is $41.30. United Airlines has a 52 week low of $33.68 and a 52 week high of $58.23.

Hedge Funds Weigh In On United Airlines

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of United Airlines by 2.1% during the first quarter. Vanguard Group Inc. now owns 34,550,592 shares of the transportation company’s stock worth $1,601,764,000 after acquiring an additional 700,850 shares during the last quarter. Capital International Investors bought a new stake in shares of United Airlines during the first quarter worth $351,299,000. Geode Capital Management LLC raised its position in shares of United Airlines by 2.1% during the first quarter. Geode Capital Management LLC now owns 7,018,196 shares of the transportation company’s stock worth $310,174,000 after acquiring an additional 146,791 shares during the last quarter. Invesco Ltd. raised its position in shares of United Airlines by 23.5% during the third 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 stake in shares of 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 purchasing an additional 1,005,170 shares during the period. 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.