United Airlines Holdings, Inc. to Post Q3 2024 Earnings of $3.83 Per Share, Zacks Research Forecasts (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL) – Equities researchers at Zacks Research dropped their Q3 2024 earnings per share (EPS) estimates for shares of United Airlines in a research report issued to clients and investors on Wednesday, May 1st. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings per share of $3.83 for the quarter, down from their prior forecast of $3.88. The consensus estimate for United Airlines’ current full-year earnings is $9.93 per share. Zacks Research also issued estimates for United Airlines’ Q4 2024 earnings at $1.88 EPS, FY2024 earnings at $9.50 EPS, Q3 2025 earnings at $3.23 EPS, Q4 2025 earnings at $1.11 EPS and FY2025 earnings at $10.54 EPS.

Several other analysts also recently commented on the stock. StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. TD Cowen increased their target price on shares of United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. UBS Group initiated coverage on United Airlines in a report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 target price on the stock. Redburn Atlantic downgraded United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a research note on Tuesday, February 13th. Finally, Bank of America raised their price objective on United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and a consensus target price of $66.53.

United Airlines Trading Down 2.4 %

NASDAQ:UAL opened at $52.69 on Monday. The company has a market capitalization of $17.32 billion, a P/E ratio of 6.51, a P/E/G ratio of 0.51 and a beta of 1.49. The stock’s 50 day moving average price is $46.66 and its 200 day moving average price is $42.64. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. United Airlines has a 52 week low of $33.68 and a 52 week high of $58.23.

Insider Buying and Selling at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.86, for a total transaction of $762,900.00. Following the transaction, the executive vice president now owns 57,512 shares in the company, valued at approximately $2,925,060.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

Institutional Trading of United Airlines

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas acquired a new stake in United Airlines during the first quarter worth $25,000. Fidelis Capital Partners LLC acquired a new stake in shares of United Airlines during the 1st quarter valued at about $27,000. NBC Securities Inc. bought a new stake in United Airlines in the third quarter valued at about $25,000. Loomis Sayles & Co. L P raised its position in 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 purchasing an additional 545 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in United Airlines during the fourth quarter worth about $27,000. 69.69% of the stock is currently owned by institutional investors.

About United Airlines

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.