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

United Airlines (NASDAQ:UAL) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 9.000-11.000 for the period, compared to the consensus estimate of 10.040. The company issued revenue guidance of -. United Airlines also updated its FY24 guidance to $9.00-$11.00 EPS.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup lifted their price objective on United Airlines from $80.00 to $96.00 and gave the stock a buy rating in a report on Wednesday, May 29th. Wolfe Research raised United Airlines from a peer perform rating to an outperform rating and set a $76.00 price objective for the company in a report on Friday, May 17th. Jefferies Financial Group raised United Airlines from a hold rating to a buy rating and lifted their price objective for the stock from $54.00 to $65.00 in a report on Wednesday, May 29th. StockNews.com raised United Airlines from a sell rating to a hold rating in a report on Wednesday, April 24th. Finally, UBS Group assumed 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. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $72.20.

United Airlines Price Performance

Shares of UAL stock traded down $0.13 during trading hours on Wednesday, hitting $46.94. The stock had a trading volume of 12,912,329 shares, compared to its average volume of 8,942,092. United Airlines has a one year low of $33.68 and a one 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 0.69. The stock’s 50-day moving average price is $50.63 and its two-hundred day moving average price is $46.62. The stock has a market capitalization of $15.43 billion, a price-to-earnings ratio of 5.82, a PEG ratio of 0.44 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last issued its 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. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm had revenue of $12.54 billion for the quarter, compared to analysts’ expectations of $12.43 billion. Equities analysts forecast that United Airlines will post 9.97 EPS for the current year.

Insiders Place Their Bets

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the sale, the executive vice president now directly owns 57,512 shares of the company’s stock, valued at $2,925,060.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.63% of the stock is currently owned by insiders.

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.