United Airlines (NASDAQ:UAL) Posts Earnings Results, Beats Estimates By $0.17 EPS

United Airlines (NASDAQ:UAL) released its quarterly earnings results on Wednesday. The transportation company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.17, Briefing.com reports. The business had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.03 EPS.

United Airlines Price Performance

UAL opened at $46.94 on Thursday. The stock has a 50-day moving average price of $50.51 and a 200-day moving average price of $46.63. United Airlines has a 12-month low of $33.68 and a 12-month high of $58.23. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52. The stock has a market capitalization of $15.43 billion, a P/E ratio of 5.80, a PEG ratio of 0.72 and a beta of 1.44.

Analyst Upgrades and Downgrades

UAL has been the subject of several recent research reports. Citigroup boosted their price target on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. HSBC initiated coverage on United Airlines in a research note on Monday, May 13th. They issued a “buy” rating and a $69.20 price target for the company. Wolfe Research upgraded United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Friday, May 17th. Raymond James boosted their price target on United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, Bank of America upped their target price on United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, United Airlines has an average rating of “Moderate Buy” and a consensus target price of $72.20.

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.