United Airlines Holdings, Inc. (NASDAQ:UAL) Expected to Earn Q3 2024 Earnings of $3.83 Per Share

United Airlines Holdings, Inc. (NASDAQ:UAL) – Zacks Research dropped their Q3 2024 EPS estimates for United Airlines in a report released on Wednesday, May 1st. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings per share of $3.83 for the quarter, down from their prior forecast of $3.88. The consensus estimate for United Airlines’ current full-year earnings is $9.93 per share. Zacks Research also issued estimates for United Airlines’ Q4 2024 earnings at $1.88 EPS, FY2024 earnings at $9.50 EPS, Q3 2025 earnings at $3.23 EPS, Q4 2025 earnings at $1.11 EPS and FY2025 earnings at $10.54 EPS.

Several other research firms have also recently issued reports on UAL. Morgan Stanley raised their price target on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $58.00 to $65.00 in a report on Friday, February 9th. UBS Group initiated coverage on United Airlines in a research note on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price target on the stock. Redburn Atlantic lowered shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research note on Tuesday, February 13th. Finally, StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.53.

United Airlines Stock Down 0.1 %

Shares of UAL opened at $51.65 on Monday. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 6.38, a PEG ratio of 0.51 and a beta of 1.49. United Airlines has a 52 week low of $33.68 and a 52 week high of $58.23. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. The business’s fifty day moving average price is $46.32 and its two-hundred day moving average price is $42.39.

Institutional Trading of United Airlines

Several large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its holdings in United Airlines by 0.5% during the third quarter. Commonwealth Equity Services LLC now owns 149,580 shares of the transportation company’s stock valued at $6,327,000 after purchasing an additional 746 shares in the last quarter. Xponance Inc. boosted its position in shares of United Airlines by 2.8% during the third quarter. Xponance Inc. now owns 43,363 shares of the transportation company’s stock worth $1,834,000 after buying an additional 1,199 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of United Airlines by 54.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 61,228 shares of the transportation company’s stock valued at $2,590,000 after buying an additional 21,599 shares in the last quarter. Independent Advisor Alliance grew its stake in shares of United Airlines by 28.7% in the third quarter. Independent Advisor Alliance now owns 6,176 shares of the transportation company’s stock worth $261,000 after acquiring an additional 1,378 shares in the last quarter. Finally, Calamos Wealth Management LLC increased its holdings in United Airlines by 67.7% during the 3rd quarter. Calamos Wealth Management LLC now owns 133,100 shares of the transportation company’s stock worth $5,630,000 after purchasing an additional 53,743 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kate Gebo sold 15,000 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was 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 in the company, valued at approximately $2,925,060.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.63% of the stock is currently owned by company insiders.

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.