United Airlines (NASDAQ:UAL – Get Free Report) 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 – Get Free Report) 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
Check Out Our Latest Stock Report on United Airlines
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.
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