United Airlines (NASDAQ:UAL) Issues Q4 2024 Earnings Guidance

United Airlines (NASDAQ:UAL) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.500-3.000 for the period, compared to the consensus estimate of 3.170. The company issued revenue guidance of -. United Airlines also updated its Q4 guidance to $2.50-$3.00 EPS.

United Airlines Stock Up 0.8 %

Shares of UAL traded up $0.52 during mid-day trading on Tuesday, hitting $64.05. 12,740,717 shares of the company’s stock were exchanged, compared to its average volume of 8,497,942. The company has a 50-day simple moving average of $48.91 and a 200 day simple moving average of $49.06. United Airlines has a 52 week low of $33.68 and a 52 week high of $65.02. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. The company has a market cap of $21.06 billion, a PE ratio of 7.85, a P/E/G ratio of 0.89 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last released its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.17. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The firm had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. During the same period in the prior year, the company earned $5.03 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, research analysts forecast that United Airlines will post 9.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

UAL has been the subject of several research analyst reports. Jefferies Financial Group upped their target price on shares of United Airlines from $69.00 to $75.00 and gave the company a buy rating in a report on Wednesday, October 2nd. TD Cowen upped their price objective on shares of United Airlines from $65.00 to $80.00 and gave the stock a buy rating in a research note on Wednesday, July 17th. Finally, Susquehanna raised their price target on United Airlines from $60.00 to $70.00 and gave the stock a positive rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $74.32.

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.