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 earnings per share guidance of 3.750-4.250 for the period, compared to the consensus earnings per share estimate of 3.710. The company issued revenue guidance of -.

United Airlines Price Performance

UAL stock opened at $51.38 on Friday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.76 and a current ratio of 0.75. The company’s fifty day moving average price is $44.47 and its 200-day moving average price is $41.49. United Airlines has a one year low of $33.68 and a one year high of $58.23. The company has a market capitalization of $16.89 billion, a PE ratio of 6.35, a price-to-earnings-growth ratio of 0.52 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.61 by $0.39. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The business had revenue of $13.63 billion for the quarter, compared to analysts’ expectations of $13.55 billion. During the same quarter in the previous year, the company earned $2.46 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts anticipate that United Airlines will post 9.78 EPS for the current fiscal year.

Analyst Ratings Changes

UAL has been the topic of a number of research reports. Morgan Stanley lifted their price objective on United Airlines from $75.00 to $80.00 and gave the stock an overweight rating in a research note on Thursday. TD Cowen upped their price target on shares of United Airlines from $55.00 to $65.00 and gave the company an outperform rating in a research note on Wednesday, January 24th. Susquehanna lifted their price objective on shares of United Airlines from $55.00 to $60.00 and gave the stock a positive rating in a research note on Thursday. Evercore ISI upgraded shares of United Airlines from an in-line rating to an outperform rating and boosted their target price for the stock from $58.00 to $65.00 in a report on Friday, February 9th. Finally, StockNews.com raised shares of United Airlines from a sell rating to a hold rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, United Airlines has a consensus rating of Moderate Buy and an average price target of $66.53.

Institutional Investors Weigh In On United Airlines

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its holdings in United Airlines by 7.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 22,619 shares of the transportation company’s stock valued at $1,048,000 after buying an additional 1,663 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in shares of United Airlines during the first quarter valued at approximately $482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of United Airlines by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,326 shares of the transportation company’s stock valued at $2,009,000 after purchasing an additional 2,683 shares during the period. Great West Life Assurance Co. Can grew its stake in United Airlines by 2.0% in the first quarter. Great West Life Assurance Co. Can now owns 72,334 shares of the transportation company’s stock worth $3,503,000 after purchasing an additional 1,438 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in United Airlines by 81.9% during the 1st quarter. Vontobel Holding Ltd. now owns 14,960 shares of the transportation company’s stock worth $694,000 after purchasing an additional 6,737 shares during the period. 69.69% of the stock is owned by institutional investors.

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.