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

United Airlines (NASDAQ:UAL) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 9.000-11.000 for the period, compared to the consensus earnings per share estimate of 9.670. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Raymond James boosted their price objective on United Airlines from $66.00 to $70.00 and gave the company an outperform rating in a research report on Thursday. Evercore ISI upgraded United Airlines from an in-line rating to an outperform rating and boosted their price objective for the company from $58.00 to $65.00 in a research report on Friday, February 9th. Susquehanna boosted their price objective on United Airlines from $55.00 to $60.00 and gave the company a positive rating in a research report on Thursday. StockNews.com upgraded United Airlines from a sell rating to a hold rating in a research report on Thursday. Finally, Bank of America boosted their price target on United Airlines from $60.00 to $70.00 and gave the stock a buy rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $66.53.

United Airlines Stock Down 0.1 %

Shares of NASDAQ:UAL opened at $51.38 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. The business has a fifty day moving average of $44.47 and a two-hundred day moving average of $41.49. The stock has a market cap of $16.89 billion, a P/E ratio of 6.35, a PEG ratio of 0.52 and a beta of 1.55. United Airlines has a 52-week low of $33.68 and a 52-week high of $58.23.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.39. The company had revenue of $13.63 billion during the quarter, compared to analysts’ expectations of $13.55 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.46 EPS. On average, research analysts expect that United Airlines will post 9.78 earnings per share for the current year.

Institutional Trading of United Airlines

Several large investors have recently added to or reduced their stakes in UAL. Wahed Invest LLC lifted its stake in shares of United Airlines by 191.3% in the 4th quarter. Wahed Invest LLC now owns 3,702 shares of the transportation company’s stock valued at $153,000 after purchasing an additional 2,431 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of United Airlines in the 4th quarter valued at $123,000. Icon Wealth Advisors LLC acquired a new position in shares of United Airlines in the 4th quarter valued at $109,000. Fortis Capital Advisors LLC acquired a new position in shares of United Airlines in the 1st quarter valued at $89,000. Finally, Covestor Ltd lifted its stake in shares of United Airlines by 255.7% in the 1st quarter. Covestor Ltd now owns 1,846 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 1,327 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other 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.