United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) – Stock analysts at Seaport Res Ptn issued their FY2024 earnings estimates for shares of United Airlines in a report issued on Monday, September 26th. Seaport Res Ptn analyst D. Mckenzie anticipates that the transportation company will post earnings of $9.25 per share for the year. The consensus estimate for United Airlines’ current full-year earnings is $0.44 per share.
United Airlines (NASDAQ:UAL – Get Rating) last posted its quarterly earnings results on Wednesday, July 20th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.43). United Airlines had a negative net margin of 3.43% and a negative return on equity of 38.92%. The business had revenue of $12.11 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same period in the previous year, the business posted ($3.91) EPS. The business’s revenue for the quarter was up 121.4% compared to the same quarter last year.
A number of other research firms also recently issued reports on UAL. Susquehanna Bancshares downgraded shares of United Airlines to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Monday, July 25th. Citigroup cut their price objective on shares of United Airlines from $71.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Susquehanna downgraded shares of United Airlines from a “positive” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Wednesday, August 3rd. Argus downgraded shares of United Airlines from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Finally, Cowen cut their price target on shares of United Airlines from $86.50 to $75.00 and set an “outperform” rating on the stock in a report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, United Airlines presently has an average rating of “Hold” and an average target price of $53.47.
United Airlines Price Performance
UAL opened at $31.90 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 7.41. The firm’s fifty day moving average price is $37.46 and its two-hundred day moving average price is $40.87. United Airlines has a 1 year low of $30.54 and a 1 year high of $54.52.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of UAL. CoreCap Advisors LLC bought a new position in shares of United Airlines in the second quarter worth approximately $26,000. Addison Advisors LLC boosted its stake in shares of United Airlines by 307.7% during the first quarter. Addison Advisors LLC now owns 583 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 440 shares during the period. Citizens National Bank Trust Department purchased a new stake in shares of United Airlines during the fourth quarter valued at approximately $31,000. Wahed Invest LLC purchased a new stake in shares of United Airlines during the second quarter valued at approximately $31,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of United Airlines by 85.8% during the second quarter. Creative Financial Designs Inc. ADV now owns 929 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 429 shares during the period. 63.72% of the stock is currently owned by institutional investors.
In related news, Director Edward Shapiro purchased 25,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were purchased at an average cost of $35.84 per share, for a total transaction of $896,000.00. Following the completion of the transaction, the director now directly owns 125,000 shares in the company, valued at approximately $4,480,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.37% of the company’s stock.
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, training, and maintenance services for third parties.
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