United Airlines (NASDAQ:UAL – Get Free Report) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.75-1.25 for the period, compared to the consensus earnings per share estimate of $0.53. United Airlines also updated its FY25 guidance to $11.50-13.50 EPS.
Wall Street Analysts Forecast Growth
A number of analysts have recently 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 research note on Thursday, October 17th. TD Cowen boosted their price objective on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Jefferies Financial Group upped their target price on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Airlines currently has an average rating of “Buy” and an average price target of $106.45.
Get Our Latest Research Report on United Airlines
United Airlines Price Performance
United Airlines (NASDAQ:UAL – Get Free Report) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.00 EPS. As a group, equities analysts anticipate that United Airlines will post 10.34 earnings per share for the current year.
United Airlines declared that its Board of Directors has approved a stock buyback plan on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
Insider Buying and Selling
In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the transaction, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. This trade represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.
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.
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