United Airlines Holdings, Inc. (NASDAQ:UAL) Expected to Earn Q3 2024 Earnings of $3.40 Per Share

United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) - Equities researchers at Seaport Res Ptn decreased their Q3 2024 earnings per share estimates for shares of United Airlines in a research note issued to investors on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings of $3.40 per share for the quarter, down from their previous estimate of $3.50. The consensus estimate for United Airlines' current full-year earnings is $9.55 per share.

A number of other analysts have also recently commented on the company. Bank of America raised United Airlines from an "underperform" rating to a "buy" rating and boosted their price target for the stock from $40.00 to $56.00 in a research report on Tuesday, January 9th. Evercore ISI raised United Airlines from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $58.00 to $65.00 in a research report on Friday, February 9th. UBS Group assumed coverage on shares of United Airlines in a report on Wednesday, March 20th. They issued a "neutral" rating and a $47.00 price objective for the company. Redburn Atlantic lowered shares of United Airlines from a "buy" rating to a "neutral" rating and set a $50.00 price objective for the company. in a report on Tuesday, February 13th. Finally, StockNews.com lowered shares of United Airlines from a "hold" rating to a "sell" rating in a report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.60.

United Airlines Stock Up 1.1 %

Shares of UAL traded up $0.46 during mid-day trading on Tuesday, reaching $41.50. The company had a trading volume of 18,376,364 shares, compared to its average volume of 9,128,861. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The firm has a 50-day moving average price of $43.94 and a 200 day moving average price of $41.31. United Airlines has a 52 week low of $33.68 and a 52 week high of $58.23. The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 0.58 and a beta of 1.55.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.39. United Airlines had a return on equity of 41.01% and a net margin of 4.87%. The firm had revenue of $13.63 billion for the quarter, compared to analysts' expectations of $13.55 billion. During the same period in the previous year, the firm posted $2.46 EPS. The business's revenue for the quarter was up 9.9% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JB Capital LLC purchased a new stake in shares of United Airlines during the fourth quarter worth about $201,000. NWI Management LP increased its stake in shares of United Airlines by 69.6% during the third quarter. NWI Management LP now owns 195,000 shares of the transportation company's stock worth $8,249,000 after purchasing an additional 80,000 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of United Airlines by 1,993.1% during the third quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company's stock worth $36,456,000 after purchasing an additional 820,660 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of United Airlines by 145.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the transportation company's stock worth $863,000 after purchasing an additional 12,070 shares in the last quarter. Finally, Phoenix Holdings Ltd. boosted its position in United Airlines by 173.9% during the third quarter. Phoenix Holdings Ltd. now owns 37,744 shares of the transportation company's stock worth $1,597,000 after acquiring an additional 23,966 shares during the last quarter. Hedge funds and other 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.