United Airlines (NASDAQ:UAL) Issues Q4 2024 Earnings Guidance

United Airlines (NASDAQ:UAL) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.500-3.000 for the period, compared to the consensus estimate of 3.170. The company issued revenue guidance of -. United Airlines also updated its Q4 guidance to $2.50-$3.00 EPS.

United Airlines Trading Up 0.8 %

United Airlines stock traded up $0.52 during trading hours on Tuesday, reaching $64.05. The company had a trading volume of 12,740,717 shares, compared to its average volume of 8,497,942. The company has a 50-day moving average price of $48.91 and a 200 day moving average price of $49.06. United Airlines has a 12-month low of $33.68 and a 12-month high of $65.02. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 7.85, a P/E/G ratio of 0.89 and a beta of 1.44. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71.

United Airlines (NASDAQ:UAL) last released its earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. The firm had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.03 earnings per share. Equities analysts forecast that United Airlines will post 9.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UAL shares. Susquehanna boosted their price target on shares of United Airlines from $60.00 to $70.00 and gave the stock a positive rating in a research report on Wednesday, October 9th. Jefferies Financial Group boosted their price objective on shares of United Airlines from $69.00 to $75.00 and gave the stock a buy rating in a research note on Wednesday, October 2nd. Finally, TD Cowen boosted 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.com, the company presently has an average rating of Moderate Buy and a consensus target price of $74.32.

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.