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 decreased their Q2 2024 earnings per share (EPS) estimates for United Airlines in a research note issued on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will earn $3.55 per share for the quarter, down from their prior forecast 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.

UAL has been the topic of a number of other research reports. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $58.00 to $65.00 in a research report on Friday, February 9th. StockNews.com lowered United Airlines from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Susquehanna dropped their price target on United Airlines from $60.00 to $55.00 and set a “positive” rating on the stock in a research report on Tuesday, April 9th. TD Cowen increased their price objective on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, Bank of America upgraded United Airlines from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $56.00 in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and a consensus price target of $64.60.

United Airlines Trading Up 17.4 %

NASDAQ:UAL traded up $7.24 during mid-day trading on Wednesday, hitting $48.74. The company had a trading volume of 67,046,977 shares, compared to its average volume of 9,926,222. United Airlines has a fifty-two week low of $33.68 and a fifty-two week high of $58.23. The business’s fifty day moving average is $43.94 and its two-hundred day moving average is $41.30. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The firm has a market cap of $16.03 billion, a P/E ratio of 6.11, a P/E/G ratio of 0.58 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping 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 company had revenue of $13.63 billion for the quarter, compared to analysts’ expectations of $13.55 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis.

Hedge Funds Weigh In On United Airlines

A number of institutional investors have recently modified their holdings of UAL. Total Investment Management Inc. increased its holdings in United Airlines by 5.0% in the 1st quarter. Total Investment Management Inc. now owns 16,024 shares of the transportation company’s stock worth $767,000 after purchasing an additional 766 shares in the last quarter. Hennessy Advisors Inc. increased its holdings in United Airlines by 44.0% in the 1st quarter. Hennessy Advisors Inc. now owns 84,800 shares of the transportation company’s stock worth $4,060,000 after purchasing an additional 25,900 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in United Airlines by 2.2% in the 1st quarter. 180 Wealth Advisors LLC now owns 13,847 shares of the transportation company’s stock worth $663,000 after purchasing an additional 304 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in United Airlines by 1.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock worth $930,000 after purchasing an additional 287 shares in the last quarter. Finally, GoalVest Advisory LLC acquired a new position in United Airlines in the 1st quarter worth about $33,000. 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.