Zacks Research Equities Analysts Lower Earnings Estimates for United Airlines Holdings, Inc. (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL) – Equities research analysts at Zacks Research dropped their Q3 2023 earnings per share (EPS) estimates for United Airlines in a research note issued on Thursday, September 7th. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings of $3.93 per share for the quarter, down from their prior estimate of $3.97. The consensus estimate for United Airlines’ current full-year earnings is $11.29 per share. Zacks Research also issued estimates for United Airlines’ FY2023 earnings at $11.74 EPS, Q1 2024 earnings at $0.89 EPS, Q3 2024 earnings at $4.20 EPS, FY2024 earnings at $11.08 EPS, Q1 2025 earnings at $0.58 EPS, Q2 2025 earnings at $5.68 EPS and FY2025 earnings at $11.90 EPS.

United Airlines (NASDAQ:UAL) last released its earnings results on Thursday, July 20th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $1.00. The firm had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $13.90 billion. United Airlines had a net margin of 5.24% and a return on equity of 48.89%. United Airlines’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 earnings per share.

A number of other equities analysts have also recently weighed in on the company. Bank of America upped their price target on United Airlines from $43.00 to $50.00 in a report on Monday, June 26th. StockNews.com downgraded shares of United Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Jefferies Financial Group upped their price objective on shares of United Airlines from $50.00 to $60.00 in a research report on Tuesday, July 11th. Morgan Stanley raised their price objective on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. Finally, TheStreet upgraded shares of United Airlines from a “c” rating to a “b-” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Airlines presently has a consensus rating of “Moderate Buy” and an average price target of $70.14.

United Airlines Trading Down 0.5 %

Shares of UAL stock opened at $47.44 on Monday. United Airlines has a fifty-two week low of $31.58 and a fifty-two week high of $58.23. The firm’s 50 day moving average price is $52.49 and its two-hundred day moving average price is $48.86. The stock has a market cap of $15.56 billion, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 0.08 and a beta of 1.42. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 3.49.

Insider Activity

In other news, EVP Gregory L. Hart sold 12,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $52.26, for a total transaction of $627,120.00. Following the completion of the transaction, the executive vice president now owns 26,434 shares of the company’s stock, valued at $1,381,440.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Gregory L. Hart sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $52.26, for a total transaction of $627,120.00. Following the sale, the executive vice president now directly owns 26,434 shares in the company, valued at $1,381,440.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gerald Laderman sold 4,491 shares of United Airlines stock in a transaction on Monday, July 24th. The stock was sold at an average price of $57.05, for a total transaction of $256,211.55. Following the sale, the chief financial officer now owns 133,213 shares in the company, valued at approximately $7,599,801.65. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Institutional Trading of United Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of UAL. CoreCap Advisors LLC acquired a new position in shares of United Airlines during the 4th quarter worth about $25,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of United Airlines during the 4th quarter worth about $26,000. Massmutual Trust Co. FSB ADV grew its stake in United Airlines by 99.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 611 shares of the transportation company’s stock valued at $27,000 after buying an additional 305 shares during the last quarter. Solstein Capital LLC bought a new position in United Airlines in the 2nd quarter valued at about $27,000. Finally, Nemes Rush Group LLC acquired a new stake in United Airlines during the second quarter worth approximately $27,000. Institutional investors and hedge funds own 70.37% 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, training, and maintenance services for third parties.