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

United Airlines (NASDAQ:UAL) updated its fourth quarter 2024 earnings guidance on Tuesday. 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.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on UAL shares. Sanford C. Bernstein increased their price objective on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday. Jefferies Financial Group lifted their price objective on United Airlines from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. TD Cowen upped their price objective on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley lifted their target price on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Susquehanna boosted their price target on shares of United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.88.

United Airlines Price Performance

United Airlines stock opened at $73.33 on Friday. The business has a 50-day simple moving average of $50.73 and a 200 day simple moving average of $49.50. United Airlines has a 52 week low of $33.68 and a 52 week high of $74.56. The stock has a market cap of $24.11 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 0.94 and a beta of 1.44. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The business had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. During the same period last year, the firm posted $3.65 earnings per share. On average, research analysts forecast that United Airlines will post 9.88 earnings per share for the current fiscal year.

United Airlines announced that its Board of Directors has authorized a share buyback program on Tuesday, October 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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.