United Airlines (NASDAQ:UAL) Issues Q3 2024 Earnings Guidance

United Airlines (NASDAQ:UAL) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.750-3.250 for the period, compared to the consensus EPS estimate of 3.440. The company issued revenue guidance of -. United Airlines also updated its FY 2024 guidance to 9.000-11.000 EPS.

United Airlines Price Performance

UAL traded down $0.13 during trading on Wednesday, hitting $46.94. 14,212,523 shares of the stock traded hands, compared to its average volume of 8,951,651. The business has a 50 day moving average price of $50.63 and a 200 day moving average price of $46.62. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 5.82, a PEG ratio of 0.44 and a beta of 1.44. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69. United Airlines has a twelve month low of $33.68 and a twelve month high of $58.23.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.38. The company had revenue of $12.54 billion during the quarter, compared to the consensus estimate of $12.43 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. Equities research analysts forecast that United Airlines will post 9.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. UBS Group began coverage on United Airlines in a report on Wednesday, March 20th. They issued a neutral rating and a $47.00 price objective for the company. HSBC began coverage on shares of United Airlines in a research report on Monday, May 13th. They set a buy rating and a $69.20 price target on the stock. Susquehanna upped their price target on shares of United Airlines from $55.00 to $60.00 and gave the company a positive rating in a research report on Thursday, April 18th. Wolfe Research raised shares of United Airlines from a peer perform rating to an outperform rating and set a $76.00 price target on the stock in a research report on Friday, May 17th. Finally, Bank of America upped their price target on shares of United Airlines from $60.00 to $70.00 and gave the company a buy rating in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $72.20.

Insider Buying and Selling

In related news, EVP Kate Gebo sold 15,000 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the transaction, the executive vice president now directly owns 57,512 shares of the company’s stock, valued at $2,925,060.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.63% of the stock is 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 offers catering, ground handling, flight academy, and maintenance services for third parties.