United Airlines Holdings, Inc. Forecasted to Earn Q2 2024 Earnings of $3.90 Per Share (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL) – Analysts at Seaport Res Ptn increased their Q2 2024 EPS estimates for United Airlines in a research note issued to investors on Tuesday, April 16th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings of $3.90 per share for the quarter, up from their previous forecast of $3.55. The consensus estimate for United Airlines’ current full-year earnings is $9.78 per share. Seaport Res Ptn also issued estimates for United Airlines’ Q3 2024 earnings at $3.75 EPS and FY2024 earnings at $10.25 EPS.

Other equities analysts have also recently issued reports about the stock. Raymond James upped their target price on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America upped their target price on shares of United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com upgraded shares of United Airlines from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley upped their target price on shares of United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Susquehanna upped their target price on shares of United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.53.

United Airlines Price Performance

NASDAQ UAL opened at $51.38 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.76 and a debt-to-equity ratio of 2.52. The company has a fifty day simple moving average of $44.47 and a 200 day simple moving average of $41.50. The company has a market cap of $16.89 billion, a P/E ratio of 6.35, a P/E/G ratio of 0.52 and a beta of 1.55. United Airlines has a 1 year low of $33.68 and a 1 year high of $58.23.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.39. The business had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.55 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. United Airlines’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 EPS.

Institutional Investors Weigh In On United Airlines

A number of hedge funds have recently added to or reduced their stakes in UAL. NBC Securities Inc. bought a new position in shares of United Airlines in the 3rd quarter valued at about $25,000. Loomis Sayles & Co. L P boosted its stake in shares of United Airlines by 707.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 545 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of United Airlines by 72.1% in the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 274 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of United Airlines in the 4th quarter valued at about $27,000. Finally, Clear Street Markets LLC boosted its stake in shares of United Airlines by 101.8% in the 1st quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 36,811 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Company Profile

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.