United Airlines Holdings, Inc. to Post Q1 2023 Earnings of $0.69 Per Share, Jefferies Financial Group Forecasts (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UALGet Rating) – Equities researchers at Jefferies Financial Group reduced their Q1 2023 earnings per share estimates for United Airlines in a note issued to investors on Sunday, January 22nd. Jefferies Financial Group analyst S. Kahyaoglu now expects that the transportation company will earn $0.69 per share for the quarter, down from their previous forecast of $2.03. The consensus estimate for United Airlines’ current full-year earnings is $8.43 per share. Jefferies Financial Group also issued estimates for United Airlines’ Q2 2023 earnings at $3.47 EPS, Q3 2023 earnings at $2.61 EPS, Q4 2023 earnings at $1.43 EPS, FY2023 earnings at $8.20 EPS, FY2024 earnings at $9.10 EPS and FY2025 earnings at $9.40 EPS.

A number of other equities research analysts also recently issued reports on the company. Raymond James increased their price target on United Airlines from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, October 20th. Bank of America increased their price target on United Airlines from $35.00 to $40.00 and gave the stock an “underperform” rating in a research report on Thursday, October 20th. Cowen reduced their price target on United Airlines to $65.00 in a research report on Thursday, October 20th. Citigroup increased their price target on United Airlines from $56.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, October 21st. Finally, Argus raised United Airlines from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Tuesday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $52.56.

United Airlines Price Performance

United Airlines stock opened at $49.30 on Wednesday. The company has a market capitalization of $16.11 billion, a price-to-earnings ratio of 22.72 and a beta of 1.35. United Airlines has a 12 month low of $30.54 and a 12 month high of $53.26. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 4.12. The stock’s 50 day moving average is $43.17 and its 200-day moving average is $39.69.

United Airlines (NASDAQ:UALGet Rating) last released its quarterly earnings data on Tuesday, January 17th. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.39. United Airlines had a return on equity of 17.15% and a net margin of 1.64%. The firm had revenue of $12.40 billion for the quarter, compared to analyst estimates of $12.23 billion. During the same quarter in the prior year, the company earned ($1.60) earnings per share. The business’s revenue for the quarter was up 51.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UAL. PNC Financial Services Group Inc. grew its holdings in United Airlines by 7.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 22,619 shares of the transportation company’s stock worth $1,048,000 after acquiring an additional 1,663 shares during the period. Panagora Asset Management Inc. acquired a new stake in United Airlines during the 1st quarter worth about $482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in United Airlines by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,326 shares of the transportation company’s stock worth $2,009,000 after acquiring an additional 2,683 shares during the period. Great West Life Assurance Co. Can grew its holdings in United Airlines by 2.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 72,334 shares of the transportation company’s stock worth $3,503,000 after acquiring an additional 1,438 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in shares of United Airlines by 81.9% in the 1st quarter. Vontobel Holding Ltd. now owns 14,960 shares of the transportation company’s stock valued at $694,000 after buying an additional 6,737 shares during the period. 59.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director James A. C. Kennedy bought 2,000 shares of the stock in a transaction that occurred on Wednesday, December 14th. The stock was acquired at an average cost of $39.72 per share, with a total value of $79,440.00. Following the transaction, the director now directly owns 16,596 shares in the company, valued at $659,193.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by corporate insiders.

About United Airlines

(Get Rating)

United Airlines Holdings, Inc operates as a holding company with United Airlines, Inc as its principal, wholly-owned subsidiary. It transports people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The firm, through United and its regional carriers, operates across six continents, with hubs at Newark Liberty International Airport (Newark), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.

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

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