Zacks Research Equities Analysts Reduce Earnings Estimates for United Airlines Holdings, Inc. (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL) – Equities research analysts at Zacks Research lowered their Q3 2024 earnings estimates for United Airlines in a report released on Tuesday, October 8th. Zacks Research analyst M. Basu now expects that the transportation company will post earnings per share of $3.12 for the quarter, down from their previous estimate of $3.18. The consensus estimate for United Airlines’ current full-year earnings is $9.80 per share. Zacks Research also issued estimates for United Airlines’ Q1 2025 earnings at $0.90 EPS and Q2 2025 earnings at $4.19 EPS.

UAL has been the topic of several other reports. Susquehanna upped their price target on shares of United Airlines from $60.00 to $70.00 and gave the company a “positive” rating in a report on Wednesday. Jefferies Financial Group raised their target price on shares of United Airlines from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen raised their price target on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.32.

United Airlines Price Performance

UAL opened at $60.26 on Thursday. United Airlines has a twelve month low of $33.68 and a twelve month high of $61.62. The company has a fifty day simple moving average of $47.61 and a 200 day simple moving average of $48.71. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. The firm has a market cap of $19.82 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 1.23 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The business had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the previous year, the business posted $5.03 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis.

Institutional Investors Weigh In On United Airlines

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Interval Partners LP acquired a new stake in shares of United Airlines during the first quarter worth $103,354,000. Point72 Asset Management L.P. raised its holdings in United Airlines by 489.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock worth $111,687,000 after buying an additional 1,905,664 shares during the period. Dimensional Fund Advisors LP lifted its stake in United Airlines by 29.1% during the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after buying an additional 1,263,604 shares in the last quarter. Senator Investment Group LP acquired a new position in shares of United Airlines in the first quarter worth about $35,910,000. Finally, Canada Pension Plan Investment Board increased its position in shares of United Airlines by 452.0% in the first quarter. Canada Pension Plan Investment Board now owns 713,800 shares of the transportation company’s stock worth $34,177,000 after acquiring an additional 584,500 shares in the last quarter. 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.