FY2024 EPS Estimate for United Airlines Boosted by Analyst

United Airlines Holdings, Inc. (NASDAQ:UAL) – Equities research analysts at Seaport Res Ptn increased their FY2024 earnings per share estimates for shares of United Airlines in a research note issued on Wednesday, October 16th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will post earnings of $10.09 per share for the year, up from their prior forecast of $9.84. The consensus estimate for United Airlines’ current full-year earnings is $9.88 per share. Seaport Res Ptn also issued estimates for United Airlines’ Q4 2024 earnings at $2.85 EPS and FY2025 earnings at $11.40 EPS.

A number of other research analysts also recently issued reports on UAL. Sanford C. Bernstein boosted their price objective on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday. Jefferies Financial Group boosted their price objective on United Airlines from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Susquehanna boosted their price objective on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday. Barclays boosted their price objective on United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, TD Cowen upped their price target on United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.88.

United Airlines Stock Up 1.1 %

Shares of UAL opened at $74.15 on Friday. The company has a market capitalization of $24.38 billion, a PE ratio of 9.17, a PEG ratio of 0.94 and a beta of 1.44. United Airlines has a 12 month low of $33.68 and a 12 month high of $74.95. The stock’s 50-day moving average price is $51.38 and its two-hundred day moving average price is $49.68. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.10 by $0.23. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. During the same period in the previous year, the business earned $3.65 EPS.

United Airlines announced that its board has initiated a stock repurchase program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of United Airlines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in United Airlines by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock valued at $55,634,000 after purchasing an additional 64,542 shares during the period. Bessemer Group Inc. grew its holdings in United Airlines by 47.4% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock valued at $261,000 after purchasing an additional 1,759 shares during the period. Tidal Investments LLC grew its holdings in United Airlines by 16.4% during the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock valued at $835,000 after purchasing an additional 2,456 shares during the period. Texas Permanent School Fund Corp lifted its position in shares of United Airlines by 1.0% during the first quarter. Texas Permanent School Fund Corp now owns 67,719 shares of the transportation company’s stock worth $3,242,000 after acquiring an additional 669 shares in the last quarter. Finally, Douglas Lane & Associates LLC lifted its position in shares of United Airlines by 5.8% during the first quarter. Douglas Lane & Associates LLC now owns 522,808 shares of the transportation company’s stock worth $25,032,000 after acquiring an additional 28,462 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

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.