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Jefferies Financial Group Brokers Lower Earnings Estimates for United Airlines Holdings, Inc. (NASDAQ:UAL)


United Airlines Holdings, Inc. (NASDAQ:UALGet Rating) – Investment analysts at Jefferies Financial Group dropped their Q3 2022 earnings per share estimates for shares of United Airlines in a report issued on Monday, July 11th. Jefferies Financial Group analyst S. Kahyaoglu now forecasts that the transportation company will post earnings per share of $0.36 for the quarter, down from their previous estimate of $1.03. The consensus estimate for United Airlines’ current full-year earnings is $0.09 per share. Jefferies Financial Group also issued estimates for United Airlines’ FY2022 earnings at ($1.75) EPS.

United Airlines (NASDAQ:UALGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The transportation company reported ($4.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.19) by ($0.05). United Airlines had a negative return on equity of 73.54% and a negative net margin of 6.85%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.68 billion. During the same quarter last year, the company earned ($7.50) earnings per share. The company’s revenue for the quarter was up 134.9% compared to the same quarter last year.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group boosted their price objective on shares of United Airlines from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, April 22nd. Cowen upped their price target on United Airlines from $78.00 to $86.50 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. Cowen raised their price objective on United Airlines from $78.00 to $86.50 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. JPMorgan Chase & Co. raised United Airlines from an “underweight” rating to an “overweight” rating and upped their target price for the company from $60.00 to $76.00 in a research report on Friday, April 22nd. Finally, Barclays lowered their price target on United Airlines from $58.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, July 8th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.56.

UAL stock opened at $37.91 on Thursday. United Airlines has a one year low of $30.54 and a one year high of $54.52. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of -6.18 and a beta of 1.32. The company has a debt-to-equity ratio of 8.24, a quick ratio of 0.99 and a current ratio of 1.04. The firm has a 50-day simple moving average of $41.06 and a two-hundred day simple moving average of $43.26.

In other news, COO Jonathan Roitman sold 13,939 shares of the firm’s stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $36.85, for a total transaction of $513,652.15. Following the sale, the chief operating officer now owns 13,938 shares of the company’s stock, valued at approximately $513,615.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward Shapiro bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was purchased at an average price of $37.69 per share, with a total value of $1,884,500.00. Following the completion of the purchase, the director now owns 100,000 shares in the company, valued at $3,769,000. The disclosure for this purchase can be found here. Insiders sold 32,539 shares of company stock worth $1,434,925 in the last quarter. Company insiders own 0.37% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Gateway Investment Advisers LLC boosted its stake in shares of United Airlines by 31.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 197,407 shares of the transportation company’s stock worth $6,992,000 after acquiring an additional 47,305 shares in the last quarter. CVA Family Office LLC boosted its position in United Airlines by 643.1% during the second quarter. CVA Family Office LLC now owns 966 shares of the transportation company’s stock worth $34,000 after purchasing an additional 836 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in United Airlines by 3.0% in the second quarter. State of Alaska Department of Revenue now owns 46,934 shares of the transportation company’s stock valued at $1,662,000 after purchasing an additional 1,380 shares during the period. Moody National Bank Trust Division grew its holdings in United Airlines by 68.8% in the second quarter. Moody National Bank Trust Division now owns 7,419 shares of the transportation company’s stock valued at $263,000 after purchasing an additional 3,025 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of United Airlines by 29.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,467 shares of the transportation company’s stock valued at $1,274,000 after buying an additional 6,178 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

United Airlines Company Profile (Get Rating)

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.

Further Reading

Earnings History and Estimates for United Airlines (NASDAQ:UAL)



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