Seaport Res Ptn Comments on United Airlines Holdings, Inc.’s Q2 2024 Earnings (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL) – Equities research analysts at Seaport Res Ptn decreased their Q2 2024 EPS estimates for shares of United Airlines in a research note issued on Monday, April 15th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings per share of $3.55 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.

Several other research firms have also weighed in on UAL. StockNews.com lowered shares of United Airlines from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Bank of America upgraded shares of United Airlines from an “underperform” rating to a “buy” rating and raised their target price for the stock from $40.00 to $56.00 in a report on Tuesday, January 9th. Redburn Atlantic cut shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a report on Tuesday, February 13th. UBS Group began coverage on shares of United Airlines in a report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 target price for the company. Finally, Susquehanna decreased their target price on shares of United Airlines from $60.00 to $55.00 and set a “positive” rating for the company in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.60.

United Airlines Price Performance

Shares of NASDAQ:UAL traded up $7.24 during trading hours on Wednesday, hitting $48.74. 67,046,977 shares of the company’s stock traded hands, compared to its average volume of 9,926,222. 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 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The company’s fifty day simple moving average is $43.94 and its two-hundred day simple moving average is $41.30. The company has a market cap of $16.03 billion, a price-to-earnings ratio of 6.11, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. The firm had revenue of $13.63 billion during the quarter, compared to analyst estimates of $13.55 billion. United Airlines had a net margin of 4.87% and a return on equity of 41.01%. United Airlines’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.46 EPS.

Hedge Funds Weigh In On United Airlines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bartlett & Co. LLC grew its stake in shares of United Airlines by 200.0% in the third quarter. Bartlett & Co. LLC now owns 600 shares of the transportation company’s stock worth $25,000 after acquiring an additional 400 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of United Airlines in the third quarter worth $25,000. Loomis Sayles & Co. L P grew its stake in shares of United Airlines by 707.8% in the third quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after acquiring an additional 545 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of United Airlines by 72.1% in the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after acquiring an additional 274 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of United Airlines in the fourth quarter worth $27,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.