United Airlines (NASDAQ:UAL) Updates Q1 2021 Earnings Guidance


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United Airlines (NASDAQ:UAL) issued an update on its first quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $3.20 billion-$3.20 billion, compared to the consensus revenue estimate of $3.29 billion.

Shares of UAL traded down $1.66 during trading hours on Tuesday, hitting $52.80. 13,661,117 shares of the company were exchanged, compared to its average volume of 15,878,876. The firm’s 50 day moving average is $56.61 and its 200-day moving average is $46.78. United Airlines has a 52 week low of $18.18 and a 52 week high of $63.70. The company has a market cap of $17.08 billion, a PE ratio of -3.31 and a beta of 1.63. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.98 and a current ratio of 1.04.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Sunday, April 18th. The transportation company reported ($7.50) EPS for the quarter, missing the consensus estimate of ($7.08) by ($0.42). The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.28 billion. United Airlines had a negative net margin of 19.85% and a negative return on equity of 54.29%. The company’s revenue was down 59.9% on a year-over-year basis. During the same period last year, the company earned ($2.57) EPS. As a group, equities analysts forecast that United Airlines will post -26.76 earnings per share for the current fiscal year.

Several research firms have issued reports on UAL. Argus raised United Airlines from a hold rating to a buy rating and set a $66.00 price target on the stock in a research note on Thursday, April 22nd. Morgan Stanley upgraded shares of United Airlines from an underweight rating to an equal weight rating and lifted their price target for the company from $37.00 to $65.00 in a research report on Tuesday, April 13th. Raymond James lowered their price objective on shares of United Airlines from $80.00 to $78.00 and set an outperform rating for the company in a research report on Tuesday, April 27th. Bank of America downgraded shares of United Airlines from a neutral rating to an underperform rating in a report on Friday, January 8th. Finally, Susquehanna Bancshares upped their price target on shares of United Airlines from $38.00 to $40.00 and gave the stock a neutral rating in a report on Thursday, January 14th. Five analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $53.35.

In other news, COO Jonathan Roitman sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $53.78, for a total value of $268,900.00. Following the transaction, the chief operating officer now owns 3,760 shares in the company, valued at $202,212.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Andrew P. Nocella sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $54.56, for a total transaction of $600,160.00. Following the completion of the transaction, the executive vice president now owns 11,024 shares in the company, valued at approximately $601,469.44. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock worth $1,409,060 in the last three months. 0.40% of the stock is currently owned by insiders.

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 sells fuel; and offers catering, ground handling, and maintenance services for third parties.

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Earnings History and Estimates for United Airlines (NASDAQ:UAL)

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