Zacks: Analysts Expect United Airlines Holdings, Inc. (NASDAQ:UAL) Will Post Earnings of -$6.76 Per Share

Equities research analysts predict that United Airlines Holdings, Inc. (NASDAQ:UAL) will report earnings per share of ($6.76) for the current fiscal quarter, Zacks reports. Seventeen analysts have issued estimates for United Airlines’ earnings, with the highest EPS estimate coming in at ($5.75) and the lowest estimate coming in at ($7.46). United Airlines posted earnings of ($2.57) per share during the same quarter last year, which would indicate a negative year over year growth rate of 163%. The business is scheduled to announce its next earnings report after the market closes on Monday, April 19th.

On average, analysts expect that United Airlines will report full-year earnings of ($10.44) per share for the current financial year, with EPS estimates ranging from ($17.16) to ($5.69). For the next year, analysts forecast that the firm will post earnings of $2.50 per share, with EPS estimates ranging from ($5.86) to $6.50. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for United Airlines.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 19th. The transportation company reported ($7.00) EPS for the quarter, missing the Zacks’ consensus estimate of ($6.56) by ($0.44). The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.47 billion. United Airlines had a negative return on equity of 54.29% and a negative net margin of 19.85%. The business’s revenue was down 68.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.67 earnings per share.

A number of analysts recently commented on the company. Susquehanna Bancshares lifted their price target on United Airlines from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, January 14th. Jefferies Financial Group boosted their target price on United Airlines from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Tuesday, March 30th. Cowen upgraded United Airlines from a “market perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a research note on Monday, January 11th. Bank of America lowered United Airlines from a “neutral” rating to an “underperform” rating in a research note on Friday, January 8th. Finally, Morgan Stanley upgraded United Airlines from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $37.00 to $65.00 in a research note on Tuesday. Five analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. United Airlines currently has a consensus rating of “Hold” and a consensus target price of $49.84.

In related news, CFO Gerald Laderman sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 9th. The stock was sold at an average price of $54.00, for a total transaction of $540,000.00. Following the completion of the transaction, the chief financial officer now directly owns 51,199 shares in the company, valued at $2,764,746. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Jonathan Roitman sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $53.78, for a total value of $268,900.00. Following the transaction, the chief operating officer now owns 3,760 shares of the company’s stock, valued at $202,212.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,000 shares of company stock valued at $1,409,060. 0.40% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new stake in United Airlines during the third quarter worth about $51,000. Kestra Advisory Services LLC bought a new stake in United Airlines during the third quarter worth about $547,000. Great West Life Assurance Co. Can lifted its stake in United Airlines by 570.8% during the third quarter. Great West Life Assurance Co. Can now owns 305,960 shares of the transportation company’s stock worth $2,522,000 after purchasing an additional 260,346 shares during the last quarter. Guggenheim Capital LLC lifted its stake in United Airlines by 31.0% during the third quarter. Guggenheim Capital LLC now owns 48,121 shares of the transportation company’s stock worth $1,671,000 after purchasing an additional 11,391 shares during the last quarter. Finally, First Allied Advisory Services Inc. bought a new stake in United Airlines during the third quarter worth about $241,000. Institutional investors and hedge funds own 60.86% of the company’s stock.

United Airlines stock traded down $1.13 during mid-day trading on Friday, reaching $58.44. 535,316 shares of the company’s stock were exchanged, compared to its average volume of 16,105,740. The business’s fifty day simple moving average is $54.73 and its 200 day simple moving average is $44.22. The firm has a market capitalization of $18.91 billion, a PE ratio of -3.62 and a beta of 1.63. United Airlines has a one year low of $18.18 and a one year high of $63.70. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 3.22.

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 sells fuel; and offers catering, ground handling, and maintenance services for third parties.

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

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