United Airlines (NASDAQ:UAL) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

United Airlines (NASDAQ:UALGet Rating) released its quarterly earnings data on Wednesday. The transportation company reported ($4.24) earnings per share for the quarter, missing the consensus estimate of ($4.21) by ($0.03), MarketWatch Earnings reports. United Airlines had a negative return on equity of 87.27% and a negative net margin of 7.97%. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.68 billion. During the same period in the previous year, the business earned ($7.50) EPS. The firm’s revenue was up 134.9% compared to the same quarter last year.

NASDAQ UAL opened at $46.52 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.14 and a debt-to-equity ratio of 6.08. The firm’s fifty day moving average price is $42.91 and its two-hundred day moving average price is $44.82. United Airlines has a 1 year low of $30.54 and a 1 year high of $60.58. The firm has a market capitalization of $15.10 billion, a P/E ratio of -7.53 and a beta of 1.40.

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC bought a new stake in United Airlines during the fourth quarter worth $34,000. Zacks Investment Management raised its position in United Airlines by 8.7% during the fourth quarter. Zacks Investment Management now owns 4,999 shares of the transportation company’s stock worth $219,000 after acquiring an additional 401 shares in the last quarter. Peapack Gladstone Financial Corp raised its position in United Airlines by 72.4% during the fourth quarter. Peapack Gladstone Financial Corp now owns 10,105 shares of the transportation company’s stock worth $443,000 after acquiring an additional 4,242 shares in the last quarter. Toroso Investments LLC raised its position in United Airlines by 111.7% during the fourth quarter. Toroso Investments LLC now owns 12,142 shares of the transportation company’s stock worth $532,000 after acquiring an additional 6,407 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in United Airlines by 76.5% during the fourth quarter. Penserra Capital Management LLC now owns 18,619 shares of the transportation company’s stock worth $815,000 after acquiring an additional 8,069 shares in the last quarter. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on UAL. Susquehanna reduced their price objective on shares of United Airlines from $60.00 to $55.00 in a research note on Friday, January 21st. Exane BNP Paribas upgraded shares of United Airlines from an “underperform” rating to a “neutral” rating in a report on Friday, March 18th. UBS Group downgraded shares of United Airlines from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a report on Monday. Raymond James dropped their target price on shares of United Airlines from $67.00 to $62.00 and set an “outperform” rating on the stock in a report on Monday, March 21st. Finally, Susquehanna Bancshares dropped their target price on shares of United Airlines from $60.00 to $55.00 in a report on Friday, January 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $57.40.

About United Airlines (Get Rating)

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, training, and maintenance services for third parties.

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Earnings History for United Airlines (NASDAQ:UAL)

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