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

United Airlines (NASDAQ:UAL) issued an update on its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.500-3.000 for the period, compared to the consensus earnings per share 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 Performance

Shares of UAL stock opened at $73.33 on Friday. The firm has a 50 day moving average of $50.73 and a 200-day moving average of $49.50. The company has a market cap of $24.11 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07. United Airlines has a 52 week low of $33.68 and a 52 week high of $74.56.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same period last year, the company posted $3.65 earnings per share. On average, equities analysts forecast that United Airlines will post 9.88 earnings per share for the current year.

United Airlines announced that its Board of Directors has approved a share repurchase plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UAL shares. Sanford C. Bernstein raised their price objective on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday. TD Cowen lifted their price target on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. Barclays upped their price objective on shares of United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. Jefferies Financial Group lifted their price objective 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. Finally, Bank of America upped their target price on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.88.

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.