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

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

United Airlines Trading Down 0.1 %

Shares of UAL stock opened at $51.38 on Friday. United Airlines has a fifty-two week low of $33.68 and a fifty-two week high of $58.23. The firm has a market capitalization of $16.89 billion, a P/E ratio of 6.35, a PEG ratio of 0.52 and a beta of 1.55. The stock’s fifty day moving average is $44.47 and its two-hundred day moving average is $41.49. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.76 and a current ratio of 0.75.

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. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The firm had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. During the same period in the previous year, the business posted $2.46 earnings per share. United Airlines’s quarterly revenue was up 9.9% on a year-over-year basis. Research analysts expect that United Airlines will post 9.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UAL shares. StockNews.com upgraded United Airlines from a sell rating to a hold rating in a research report on Thursday. Raymond James lifted their price target on United Airlines from $66.00 to $70.00 and gave the stock an outperform rating in a report on Thursday. Bank of America boosted their price target on shares of United Airlines from $60.00 to $70.00 and gave the company a buy rating in a research report on Thursday. Redburn Atlantic cut shares of United Airlines from a buy rating to a neutral rating and set a $50.00 price objective for the company. in a research report on Tuesday, February 13th. Finally, UBS Group initiated coverage on shares of United Airlines in a report on Wednesday, March 20th. They issued a neutral rating and a $47.00 target price on the stock. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $66.53.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Clear Street Markets LLC lifted its position in shares of United Airlines by 101.8% during the first quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock worth $28,000 after purchasing an additional 36,811 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in United Airlines during the 4th quarter worth approximately $45,000. Groupama Asset Managment acquired a new stake in United Airlines during the 4th quarter worth approximately $47,000. LM Advisors LLC purchased a new position in United Airlines in the 4th quarter valued at approximately $50,000. Finally, Ancora Advisors LLC increased its position in shares of United Airlines by 544.8% during the fourth quarter. Ancora Advisors LLC now owns 1,670 shares of the transportation company’s stock worth $63,000 after acquiring an additional 1,411 shares during the period. 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.