United Airlines (NASDAQ:UAL) Updates 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 guidance of $2.50-$3.00 for the period, compared to the consensus earnings per share estimate of $2.76.

United Airlines Trading Up 0.8 %

Shares of UAL traded up $0.48 on Tuesday, hitting $64.01. 9,404,534 shares of the stock traded hands, compared to its average volume of 8,481,637. The firm has a market capitalization of $21.05 billion, a P/E ratio of 7.85, a P/E/G ratio of 0.89 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 has a 1 year low of $33.68 and a 1 year high of $65.02. The stock’s 50 day moving average is $48.91 and its two-hundred day moving average is $49.06.

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

Wall Street Analyst Weigh In

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