FY2024 EPS Estimates for United Airlines Holdings, Inc. (NASDAQ:UAL) Decreased by Zacks Research

United Airlines Holdings, Inc. (NASDAQ:UAL) – Zacks Research decreased their FY2024 earnings per share (EPS) estimates for shares of United Airlines in a report released on Tuesday, October 8th. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings per share of $9.79 for the year, down from their previous forecast of $10.00. The consensus estimate for United Airlines’ current full-year earnings is $9.88 per share. Zacks Research also issued estimates for United Airlines’ Q4 2024 earnings at $2.68 EPS, Q3 2025 earnings at $2.75 EPS, Q4 2025 earnings at $2.63 EPS, FY2025 earnings at $10.47 EPS, Q1 2026 earnings at $2.51 EPS, Q2 2026 earnings at $3.35 EPS, Q3 2026 earnings at $2.89 EPS and FY2026 earnings at $12.35 EPS.

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

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

United Airlines Stock Performance

Shares of UAL opened at $61.80 on Friday. The company has a market cap of $20.32 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44. 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 stock has a 50-day moving average price of $48.40 and a 200-day moving average price of $48.93. United Airlines has a 12-month low of $33.68 and a 12-month high of $61.92.

Hedge Funds Weigh In On United Airlines

A number of institutional investors have recently added to or reduced their stakes in the company. Capital International Investors grew its stake in shares of United Airlines by 2.4% in the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock worth $885,912,000 after acquiring an additional 429,501 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after buying an additional 1,263,604 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of United Airlines by 489.2% in the second 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 in the last quarter. Par Capital Management Inc. grew its holdings in shares of United Airlines by 7.2% during the fourth quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock valued at $91,737,000 after buying an additional 150,000 shares during the last quarter. Finally, Interval Partners LP bought a new stake in shares of United Airlines during the first quarter valued at approximately $103,354,000. Institutional investors 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.