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

United Airlines (NASDAQ:UAL) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 9.000-11.000 for the period, compared to the consensus EPS estimate of 9.670. The company issued revenue guidance of -.

United Airlines Price Performance

NASDAQ:UAL traded up $7.26 during trading hours on Wednesday, reaching $48.76. 56,949,180 shares of the company were exchanged, compared to its average volume of 9,751,373. The business has a 50 day moving average of $43.94 and a 200 day moving average of $41.30. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.83 and a quick ratio of 0.76. United Airlines has a 1-year low of $33.68 and a 1-year high of $58.23. The company has a market capitalization of $16.03 billion, a P/E ratio of 6.11, a P/E/G ratio of 0.58 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. The company had revenue of $13.63 billion during the quarter, compared to analysts’ expectations of $13.55 billion. United Airlines had a return on equity of 41.01% and a net margin of 4.87%. United Airlines’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.46 EPS. Research analysts forecast that United Airlines will post 9.46 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Susquehanna cut their price target on United Airlines from $60.00 to $55.00 and set a positive rating for the company in a research note on Tuesday, April 9th. UBS Group assumed coverage on shares of United Airlines in a research note on Wednesday, March 20th. They issued a neutral rating and a $47.00 price objective for the company. Evercore ISI upgraded shares of United Airlines from an in-line rating to an outperform rating and boosted their price target for the company from $58.00 to $65.00 in a research report on Friday, February 9th. StockNews.com lowered shares of United Airlines from a hold rating to a sell rating in a research report on Friday, April 12th. Finally, Redburn Atlantic lowered shares of United Airlines from a buy rating to a neutral rating and set a $50.00 target price for the company. in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $64.60.

Hedge Funds Weigh In On United Airlines

Hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp lifted its stake in United Airlines by 0.4% in the first quarter. Stifel Financial Corp now owns 73,814 shares of the transportation company’s stock worth $3,266,000 after acquiring an additional 314 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of United Airlines by 5.3% in the 2nd quarter. Captrust Financial Advisors now owns 6,660 shares of the transportation company’s stock worth $236,000 after buying an additional 334 shares in the last quarter. Pathstone Family Office LLC boosted its position in shares of United Airlines by 5.7% in the 4th quarter. Pathstone Family Office LLC now owns 7,893 shares of the transportation company’s stock worth $206,000 after buying an additional 427 shares in the last quarter. Cetera Investment Advisers lifted its holdings in United Airlines by 3.3% in the 1st quarter. Cetera Investment Advisers now owns 14,411 shares of the transportation company’s stock valued at $668,000 after purchasing an additional 458 shares in the last quarter. Finally, Cim Investment Management Inc. lifted its holdings in United Airlines by 5.1% in the 1st quarter. Cim Investment Management Inc. now owns 10,191 shares of the transportation company’s stock valued at $451,000 after purchasing an additional 497 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.