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

United Airlines (NASDAQ:UALGet Free Report) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 3.750-4.250 for the period, compared to the consensus earnings per share estimate of 4.020. The company issued revenue guidance of -.

United Airlines Price Performance

UAL stock opened at $53.00 on Friday. United Airlines has a 1 year low of $33.68 and a 1 year high of $58.23. The company has a market cap of $17.43 billion, a P/E ratio of 6.55, a PEG ratio of 0.53 and a beta of 1.47. The firm has a 50-day moving average of $50.46 and a 200 day moving average of $45.13. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69.

United Airlines (NASDAQ:UALGet Free Report) last released its quarterly earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.38. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The company had revenue of $12.54 billion during the quarter, compared to the consensus estimate of $12.43 billion. On average, sell-side analysts forecast that United Airlines will post 9.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group started coverage on shares of United Airlines in a research note on Wednesday, March 20th. They set a neutral rating and a $47.00 target price for the company. Redburn Atlantic upgraded shares of United Airlines from a neutral rating to a buy rating and set a $70.00 price target on the stock in a report on Thursday. Bank of America increased their price target on shares of United Airlines from $60.00 to $70.00 and gave the company a buy rating in a report on Thursday, April 18th. HSBC started coverage on shares of United Airlines in a report on Monday, May 13th. They issued a buy rating and a $69.20 target price on the stock. Finally, StockNews.com upgraded shares of United Airlines from a sell rating to a hold rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United Airlines currently has an average rating of Moderate Buy and an average target price of $70.89.

Read Our Latest Analysis on UAL

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the sale, the executive vice president now directly owns 57,512 shares in the company, valued at approximately $2,925,060.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.63% of the company’s stock.

United Airlines Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for United Airlines (NASDAQ:UAL)

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