United Airlines (NASDAQ:UAL) Releases 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 -.

Analyst Ratings Changes

A number of analysts have commented on the company. StockNews.com raised United Airlines from a sell rating to a hold rating in a report on Thursday. Raymond James boosted their price objective on United Airlines from $66.00 to $70.00 and gave the stock an outperform rating in a report on Thursday. Morgan Stanley boosted their price objective on United Airlines from $75.00 to $80.00 and gave the stock an overweight rating in a report on Thursday. Susquehanna upped their target price on United Airlines from $55.00 to $60.00 and gave the company a positive rating in a report on Thursday. Finally, Redburn Atlantic lowered United Airlines from a buy rating to a neutral rating and set a $50.00 target price for the company. in a report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $66.53.

United Airlines Trading Up 5.5 %

NASDAQ:UAL opened at $51.42 on Friday. The company has a market cap of $16.91 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.70 and a beta of 1.55. The stock’s fifty day moving average price is $44.29 and its two-hundred day moving average price is $41.42. United Airlines has a 1 year low of $33.68 and a 1 year high of $58.23. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.76.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.39. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.55 billion. During the same quarter in the prior year, the business posted $2.46 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, analysts expect that United Airlines will post 9.3 EPS for the current year.

Institutional Investors Weigh In On United Airlines

A number of institutional investors and hedge funds have recently made changes to their positions in UAL. Clear Street Markets LLC increased its stake in United Airlines by 101.8% in the first quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 36,811 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of United Airlines in the fourth quarter worth about $45,000. Groupama Asset Managment purchased a new stake in United Airlines in the fourth quarter worth about $47,000. LM Advisors LLC purchased a new stake in United Airlines in the fourth quarter worth about $50,000. Finally, Ancora Advisors LLC lifted its holdings 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 valued at $63,000 after purchasing an additional 1,411 shares during the last quarter. Hedge funds and other institutional investors 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.