United Airlines (NASDAQ:UAL) Releases Q4 Earnings Guidance

United Airlines (NASDAQ:UAL) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.50-$3.00 for the period, compared to the consensus estimate of $2.76. United Airlines also updated its Q4 2024 guidance to 2.500-3.000 EPS.

Analyst Ratings Changes

Several analysts have commented on UAL shares. TD Cowen lifted their target price on shares of United Airlines from $65.00 to $80.00 and gave the stock a buy rating in a research note on Wednesday, July 17th. Susquehanna upped their target price on United Airlines from $60.00 to $70.00 and gave the company a positive rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group increased their target price on United Airlines from $69.00 to $75.00 and gave the stock a buy rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, United Airlines presently has an average rating of Moderate Buy and a consensus price target of $74.32.

United Airlines Stock Performance

NASDAQ:UAL opened at $64.05 on Wednesday. United Airlines has a twelve month low of $33.68 and a twelve month high of $65.02. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 7.92, a PEG 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 firm’s fifty day simple moving average is $49.42 and its 200 day simple moving average is $49.17.

United Airlines (NASDAQ:UAL) last issued its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.17. The company 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 was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.03 earnings per share. As a group, equities research analysts expect that United Airlines will post 9.88 earnings per share for the current fiscal year.

United Airlines announced that its board has authorized a share buyback plan on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.