United Airlines (NASDAQ:UAL) released its quarterly earnings results on Tuesday. The transportation company reported ($7.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($6.56) by ($0.44), MarketWatch Earnings reports. United Airlines had a negative return on equity of 54.29% and a negative net margin of 19.85%. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm earned $2.67 EPS. The company’s quarterly revenue was down 68.7% compared to the same quarter last year.
United Airlines stock traded down $2.58 during midday trading on Thursday, reaching $42.60. 1,374,626 shares of the stock traded hands, compared to its average volume of 11,504,173. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 3.22. The firm has a fifty day moving average price of $45.14 and a two-hundred day moving average price of $38.20. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of -2.59 and a beta of 1.63. United Airlines has a fifty-two week low of $17.80 and a fifty-two week high of $88.00.
Several research analysts recently weighed in on UAL shares. Zacks Investment Research raised shares of United Airlines from a “sell” rating to a “hold” rating and set a $45.00 target price for the company in a research note on Monday, January 11th. Cowen raised shares of United Airlines from a “market perform” rating to an “outperform” rating and set a $53.00 target price for the company in a research note on Monday, January 11th. UBS Group raised shares of United Airlines from a “neutral” rating to a “buy” rating and boosted their target price for the company from $33.00 to $62.00 in a research note on Friday, December 11th. Bank of America downgraded shares of United Airlines from a “neutral” rating to an “underperform” rating in a research note on Friday, January 8th. Finally, JPMorgan Chase & Co. downgraded shares of United Airlines from an “overweight” rating to an “underweight” rating and cut their target price for the company from $47.00 to $44.00 in a research note on Wednesday, December 16th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.55.
In other news, EVP Kate Gebo sold 5,870 shares of the stock in a transaction that occurred on Wednesday, November 25th. The shares were sold at an average price of $45.46, for a total value of $266,850.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michele J. Hooper acquired 1,900 shares of the company’s stock in a transaction on Tuesday, December 8th. The stock was bought at an average price of $49.00 per share, for a total transaction of $93,100.00. Following the purchase, the director now owns 3,042 shares in the company, valued at approximately $149,058. The disclosure for this purchase can be found here. Insiders have sold a total of 204,403 shares of company stock valued at $8,247,291 over the last three months. 0.40% 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. It transports people and cargo through its mainline and regional fleets. As of February 28, 2020, the company operated approximately 791 mainline aircraft.
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