Q2 2024 EPS Estimates for United Airlines Holdings, Inc. (NASDAQ:UAL) Increased by Analyst

United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) - Equities researchers at Seaport Res Ptn boosted their Q2 2024 earnings estimates for shares of United Airlines in a research report issued on Tuesday, April 16th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will earn $3.90 per share for the quarter, up from their prior estimate of $3.55. The consensus estimate for United Airlines' current full-year earnings is $9.30 per share. Seaport Res Ptn also issued estimates for United Airlines' Q3 2024 earnings at $3.75 EPS and FY2024 earnings at $10.25 EPS.

A number of other equities analysts have also commented on the stock. Susquehanna boosted their price objective on shares of United Airlines from $55.00 to $60.00 and gave the stock a "positive" rating in a report on Thursday. UBS Group began coverage on shares of United Airlines in a report on Wednesday, March 20th. They issued a "neutral" rating and a $47.00 price objective on the stock. Raymond James boosted their price objective on shares of United Airlines from $66.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday. Bank of America upped their target price on shares of United Airlines from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday. Finally, StockNews.com upgraded shares of United Airlines from a "sell" rating to a "hold" rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, United Airlines has a consensus rating of "Moderate Buy" and an average target price of $66.53.

United Airlines Stock Down 0.1 %

UAL stock traded down $0.04 during trading on Friday, reaching $51.38. The stock had a trading volume of 16,994,369 shares, compared to its average volume of 10,403,970. United Airlines has a 1-year low of $33.68 and a 1-year 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 capitalization of $16.89 billion, a P/E ratio of 6.35, a PEG ratio of 0.70 and a beta of 1.55. The firm has a fifty day moving average price of $44.47 and a 200 day moving average price of $41.49.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data 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 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 quarter in the previous year, the business posted $2.46 EPS. The firm's revenue was up 9.9% compared to the same quarter last year.

Institutional Investors Weigh In On United Airlines

Institutional investors and hedge funds have recently bought and sold shares of the business. NBC Securities Inc. bought a new position in United Airlines in the 3rd quarter worth about $25,000. Loomis Sayles & Co. L P grew its position in United Airlines by 707.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company's stock worth $26,000 after purchasing an additional 545 shares during the last quarter. Clear Street Markets LLC grew its position in United Airlines by 101.8% in the 1st 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 during the last quarter. Wetzel Investment Advisors Inc. bought a new position in United Airlines in the 4th quarter worth about $27,000. Finally, Venturi Wealth Management LLC grew its position in United Airlines by 72.1% in the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company's stock worth $27,000 after purchasing an additional 274 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

About United Airlines

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.