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

United Airlines (NASDAQ:UAL) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 9.000-11.000 for the period, compared to the consensus earnings per share estimate of 9.670. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

UAL has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of United Airlines in a research report on Wednesday, March 20th. They set a neutral rating and a $47.00 price objective for the company. StockNews.com lowered shares of United Airlines from a hold rating to a sell rating in a research report on Friday, April 12th. Evercore ISI raised United Airlines from an in-line rating to an outperform rating and lifted their price objective for the company from $58.00 to $65.00 in a report on Friday, February 9th. Susquehanna cut their target price on United Airlines from $60.00 to $55.00 and set a positive rating for the company in a research report on Tuesday, April 9th. Finally, Bank of America upgraded United Airlines from an underperform rating to a buy rating and upped their price target for the company from $40.00 to $56.00 in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $64.60.

United Airlines Stock Up 17.3 %

Shares of United Airlines stock traded up $7.19 during trading on Wednesday, reaching $48.69. The stock had a trading volume of 64,183,612 shares, compared to its average volume of 9,805,078. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of 6.11, a P/E/G ratio of 0.58 and a beta of 1.55. United Airlines has a 52 week low of $33.68 and a 52 week high of $58.23. The stock has a fifty day moving average price of $43.94 and a two-hundred day moving average price of $41.30.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.39. The company had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.55 billion. United Airlines had a net margin of 4.87% and a return on equity of 41.01%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.46 EPS. Sell-side analysts predict that United Airlines will post 9.46 EPS for the current fiscal year.

Institutional Investors Weigh In On United Airlines

A number of institutional investors have recently modified their holdings of UAL. Clear Street Markets LLC lifted its position in shares of United Airlines by 101.8% during the 1st quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock worth $28,000 after buying an additional 36,811 shares during the last quarter. Groupama Asset Managment bought a new stake in shares of United Airlines in the 4th quarter valued at $47,000. Coppell Advisory Solutions Corp. acquired a new position in United Airlines during the 4th quarter worth approximately $45,000. LM Advisors LLC bought a new position in shares of United Airlines in the fourth quarter valued at $50,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of United Airlines by 151.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,606 shares of the transportation company’s stock valued at $74,000 after buying an additional 967 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

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.