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

United Airlines (NASDAQ:UAL) issued an update on its FY 2024 earnings guidance on Wednesday morning. 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 -.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UAL. Raymond James lowered their price target on United Airlines from $68.00 to $65.00 and set an outperform rating on the stock in a report on Wednesday, December 20th. StockNews.com raised United Airlines from a sell rating to a hold rating in a report on Thursday. Susquehanna lowered their price target on United Airlines from $60.00 to $55.00 and set a positive rating on the stock in a report on Tuesday, April 9th. Evercore ISI raised United Airlines from an in-line rating to an outperform rating and raised their price target for the company from $58.00 to $65.00 in a report on Friday, February 9th. Finally, UBS Group started coverage on United Airlines in a research note on Wednesday, March 20th. They set a neutral rating and a $47.00 target price for the company. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $64.60.

United Airlines Trading Up 17.4 %

Shares of UAL opened at $48.74 on Thursday. The business’s 50-day moving average price is $44.09 and its 200 day moving average price is $41.35. The stock has a market capitalization of $16.03 billion, a P/E ratio of 6.02, a P/E/G ratio of 0.58 and a beta of 1.55. 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 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 2.70.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.39. United Airlines had a return on equity of 40.50% and a net margin of 4.90%. The company had revenue of $13.63 billion for the quarter, compared to analysts’ expectations of $13.55 billion. During the same quarter in the previous year, the business posted $2.46 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that United Airlines will post 9.46 earnings per share for the current year.

Hedge Funds Weigh In On United Airlines

Institutional investors and hedge funds have recently bought and sold shares of the business. Clear Street Markets LLC lifted its holdings in shares of United Airlines by 101.8% during the 1st quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock valued at $28,000 after buying an additional 36,811 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of United Airlines during the 4th quarter valued at about $45,000. Groupama Asset Managment acquired a new stake in shares of United Airlines during the 4th quarter valued at about $47,000. LM Advisors LLC acquired a new stake in shares of United Airlines during the 4th quarter valued at about $50,000. Finally, Ancora Advisors LLC lifted its holdings in shares of United Airlines by 544.8% during the 4th quarter. Ancora Advisors LLC now owns 1,670 shares of the transportation company’s stock valued at $63,000 after buying an additional 1,411 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

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.