Seaport Res Ptn Comments on United Airlines Holdings, Inc.’s Q2 2024 Earnings (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL) – Stock analysts at Seaport Res Ptn reduced their Q2 2024 earnings per share estimates for shares of United Airlines in a report issued on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will post earnings of $3.55 per share 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.

A number of other research firms have also recently weighed in on UAL. StockNews.com cut United Airlines from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. TD Cowen raised their price target on United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Raymond James reduced their price target on United Airlines from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, December 20th. Redburn Atlantic cut United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Tuesday, February 13th. Finally, UBS Group assumed coverage on United Airlines in a report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, United Airlines has a consensus rating of “Moderate Buy” and a consensus target price of $64.60.

United Airlines Stock Up 17.4 %

United Airlines stock opened at $48.74 on Wednesday. United Airlines has a twelve month low of $33.68 and a twelve month high of $58.23. The stock has a 50 day moving average of $44.09 and a two-hundred day moving average of $41.35. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 2.70. The stock has a market capitalization of $16.03 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 0.58 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.39. United Airlines had a return on equity of 41.01% and a net margin of 4.87%. The business had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.55 billion. During the same period in the previous year, the business earned $2.46 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of United Airlines by 2.1% during the first quarter. Vanguard Group Inc. now owns 34,550,592 shares of the transportation company’s stock valued at $1,601,764,000 after purchasing an additional 700,850 shares during the last quarter. Capital International Investors acquired a new stake in shares of United Airlines during the 1st quarter valued at $351,299,000. Geode Capital Management LLC lifted its position in shares of United Airlines by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 7,018,196 shares of the transportation company’s stock valued at $310,174,000 after acquiring an additional 146,791 shares during the last quarter. Invesco Ltd. lifted its position in shares of United Airlines by 23.5% during the 3rd quarter. Invesco Ltd. now owns 4,649,616 shares of the transportation company’s stock valued at $196,679,000 after acquiring an additional 885,199 shares during the last quarter. Finally, U S Global Investors Inc. raised its stake in United Airlines by 31.9% during the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $171,637,000 after purchasing an additional 1,005,170 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.