Q2 2024 EPS Estimates for United Airlines Holdings, Inc. (NASDAQ:UAL) Increased by Seaport Res Ptn

United Airlines Holdings, Inc. (NASDAQ:UAL) – Stock analysts at Seaport Res Ptn upped their Q2 2024 earnings per share estimates for shares of United Airlines in a research note issued on Tuesday, April 16th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of $3.90 per share for the quarter, up from their previous estimate of $3.55. The consensus estimate for United Airlines’ current full-year earnings is $9.30 per share. Seaport Res Ptn also issued estimates for United Airlines’ Q3 2024 earnings at $3.75 EPS and FY2024 earnings at $10.25 EPS.

Other equities analysts also recently issued research reports about the company. Bank of America raised their target price on United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley upped their target price on shares of United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen boosted their price objective on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. UBS Group began coverage on shares of United Airlines in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 target price for the company. Finally, Raymond James boosted their price objective on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.53.

United Airlines Price Performance

Shares of UAL stock opened at $51.38 on Friday. United Airlines has a 12 month low of $33.68 and a 12 month high of $58.23. The company has a current ratio of 0.75, a quick ratio of 0.76 and a debt-to-equity ratio of 2.52. The stock has a 50 day moving average of $44.47 and a two-hundred day moving average of $41.49. The company has a market capitalization of $16.89 billion, a P/E ratio of 6.35, a P/E/G ratio of 0.70 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The business had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.55 billion. During the same quarter last year, the firm earned $2.46 EPS. United Airlines’s revenue for the quarter was up 9.9% on a year-over-year basis.

Hedge Funds Weigh In On United Airlines

A number of large investors have recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of United Airlines in the third quarter valued at $25,000. Loomis Sayles & Co. L P boosted its stake in United Airlines by 707.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after purchasing an additional 545 shares during the period. 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 valued at $27,000 after buying an additional 274 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of United Airlines in the fourth quarter worth about $27,000. Finally, Clear Street Markets LLC boosted its position in shares of United Airlines by 101.8% in the first quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 36,811 shares during the period. 69.69% of the stock is currently owned by institutional investors.

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.