Q2 2024 EPS Estimates for United Airlines Holdings, Inc. Cut by Analyst (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL) – Research analysts at Seaport Res Ptn lowered their Q2 2024 EPS estimates for United Airlines in a research report issued to clients and investors on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings per share of $3.55 for the quarter, down from their previous estimate of $4.00. The consensus estimate for United Airlines’ current full-year earnings is $9.46 per share. Seaport Res Ptn also issued estimates for United Airlines’ Q4 2024 earnings at $2.75 EPS.

Other research analysts also recently issued research reports about the stock. StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley lifted their price objective on shares of United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday. Redburn Atlantic downgraded shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a report on Tuesday, February 13th. UBS Group started coverage on shares of United Airlines in a report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 target price for the company. Finally, Bank of America lifted their price objective on shares of United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.53.

United Airlines Trading Up 5.5 %

Shares of NASDAQ:UAL opened at $51.42 on Wednesday. United Airlines has a 12 month low of $33.68 and a 12 month high of $58.23. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 2.70. The company’s fifty day simple moving average is $44.29 and its 200 day simple moving average is $41.42. The firm has a market cap of $16.91 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.58 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last issued 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. United Airlines had a net margin of 4.90% and a return on equity of 40.50%. The business had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. During the same period last year, the business posted $2.46 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis.

Hedge Funds Weigh In On United Airlines

A number of institutional investors have recently added to or reduced their stakes in the stock. Czech National Bank increased its position in United Airlines by 0.5% during the 1st quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock worth $2,763,000 after purchasing an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after acquiring an additional 274 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in United Airlines by 1.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock worth $930,000 after acquiring an additional 287 shares during the last quarter. 180 Wealth Advisors LLC grew its holdings in United Airlines by 2.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 13,847 shares of the transportation company’s stock worth $663,000 after acquiring an additional 304 shares during the last quarter. Finally, New York Life Investment Management LLC grew its holdings in United Airlines by 0.7% during the 3rd quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company’s stock worth $1,943,000 after acquiring an additional 308 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.