United Airlines (NASDAQ:UAL) Issues Q2 2024 Earnings Guidance

United Airlines (NASDAQ:UAL) updated its second quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.750-4.250 for the period, compared to the consensus EPS estimate of 3.710. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UAL. Susquehanna raised their price target on United Airlines from $55.00 to $60.00 and gave the stock a positive rating in a report on Thursday. Morgan Stanley raised their price target on United Airlines from $75.00 to $80.00 and gave the stock an overweight rating in a report on Thursday. 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. UBS Group initiated coverage on shares of United Airlines in a research report on Wednesday, March 20th. They issued a neutral rating and a $47.00 price objective for the company. Finally, Raymond James raised their price objective on shares of United Airlines from $66.00 to $70.00 and gave the company an outperform rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $66.53.

United Airlines Price Performance

UAL stock opened at $51.38 on Friday. The firm has a 50 day moving average of $44.47 and a 200-day moving average of $41.50. United Airlines has a 12-month low of $33.68 and a 12-month high of $58.23. 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 market cap of $16.89 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.52 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The company had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.55 billion. During the same period last year, the firm earned $2.46 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities analysts expect that United Airlines will post 9.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Stifel Financial Corp raised its position in shares of United Airlines by 0.4% during the 1st quarter. Stifel Financial Corp now owns 73,814 shares of the transportation company’s stock worth $3,266,000 after purchasing an additional 314 shares during the last quarter. Captrust Financial Advisors raised its position in shares of United Airlines by 5.3% during the 2nd quarter. Captrust Financial Advisors now owns 6,660 shares of the transportation company’s stock worth $236,000 after purchasing an additional 334 shares during the last quarter. Pathstone Family Office LLC raised its position in shares of United Airlines by 5.7% during the 4th quarter. Pathstone Family Office LLC now owns 7,893 shares of the transportation company’s stock worth $206,000 after purchasing an additional 427 shares during the last quarter. Cetera Investment Advisers raised its position in shares of United Airlines by 3.3% during the 1st quarter. Cetera Investment Advisers now owns 14,411 shares of the transportation company’s stock worth $668,000 after purchasing an additional 458 shares during the last quarter. Finally, Cim Investment Management Inc. raised its position in shares of United Airlines by 5.1% during the 1st quarter. Cim Investment Management Inc. now owns 10,191 shares of the transportation company’s stock worth $451,000 after purchasing an additional 497 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.