United Airlines (NASDAQ:UAL) Issues Q2 2024 Earnings Guidance

United Airlines (NASDAQ:UALGet Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 3.750-4.250 for the period, compared to the consensus EPS estimate of 4.020. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UAL. HSBC began coverage on shares of United Airlines in a research note on Monday, May 13th. They issued a buy rating and a $69.20 target price for the company. 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. Bank of America upped their target price on shares of United Airlines from $60.00 to $70.00 and gave the company a buy rating in a research note on Thursday, April 18th. Raymond James upped their target price on shares of United Airlines from $66.00 to $70.00 and gave the company an outperform rating in a research note on Thursday, April 18th. Finally, Wolfe Research raised shares of United Airlines from a peer perform rating to an outperform rating and set a $76.00 price objective for the company in a research report on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $70.89.

Check Out Our Latest Stock Analysis on United Airlines

United Airlines Price Performance

NASDAQ:UAL opened at $53.00 on Friday. United Airlines has a 52 week low of $33.68 and a 52 week high of $58.23. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of 6.55, a P/E/G ratio of 0.52 and a beta of 1.47. The firm’s 50-day simple moving average is $50.46 and its 200 day simple moving average is $45.17. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75.

United Airlines (NASDAQ:UALGet Free Report) last released its quarterly earnings results on Tuesday, April 16th. The transportation company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.38. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The business had revenue of $12.54 billion for the quarter, compared to analyst estimates of $12.43 billion. As a group, sell-side analysts predict that United Airlines will post 9.93 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Kate Gebo sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.86, for a total transaction of $762,900.00. Following the transaction, the executive vice president now directly owns 57,512 shares of the company’s stock, valued at $2,925,060.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.63% of the stock is owned by insiders.

About United Airlines

(Get Free Report)

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.

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

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