United Airlines Holdings, Inc. Forecasted to Post FY2023 Earnings of $9.00 Per Share (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL) – Analysts at Seaport Res Ptn issued their FY2023 earnings per share (EPS) estimates for shares of United Airlines in a research note issued on Tuesday, July 20th. Seaport Res Ptn analyst D. Mckenzie expects that the transportation company will post earnings of $9.00 per share for the year.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Monday, July 19th. The transportation company reported ($3.91) earnings per share (EPS) for the quarter, topping the consensus estimate of ($4.17) by $0.26. United Airlines had a negative net margin of 37.89% and a negative return on equity of 133.58%. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same quarter last year, the business earned ($9.31) EPS. The company’s revenue was up 270.9% compared to the same quarter last year.

A number of other brokerages have also commented on UAL. MKM Partners initiated coverage on shares of United Airlines in a research note on Thursday, June 10th. They set a “neutral” rating and a $65.00 price target for the company. Barclays boosted their price target on shares of United Airlines from $44.00 to $62.00 in a report on Thursday, April 15th. boosted their price target on shares of United Airlines from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, June 14th. Wolfe Research upgraded United Airlines from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 18th. Finally, Morgan Stanley boosted their price objective on United Airlines from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 1st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. United Airlines has a consensus rating of “Hold” and an average price target of $56.47.

NASDAQ:UAL opened at $48.10 on Thursday. The company has a fifty day moving average of $54.01. The company has a debt-to-equity ratio of 5.01, a current ratio of 1.13 and a quick ratio of 1.07. United Airlines has a twelve month low of $30.32 and a twelve month high of $63.70.

Institutional investors and hedge funds have recently bought and sold shares of the stock. World Asset Management Inc lifted its holdings in shares of United Airlines by 2.2% in the 1st quarter. World Asset Management Inc now owns 9,581 shares of the transportation company’s stock worth $521,000 after buying an additional 203 shares during the period. Tradewinds Capital Management LLC increased its position in United Airlines by 6.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 3,260 shares of the transportation company’s stock valued at $188,000 after buying an additional 210 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of United Airlines by 16.8% in the first quarter. Captrust Financial Advisors now owns 1,564 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 225 shares during the period. Glassman Wealth Services increased its holdings in shares of United Airlines by 41.5% in the first quarter. Glassman Wealth Services now owns 828 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 243 shares during the period. Finally, Fiduciary Trust Co. increased its holdings in shares of United Airlines by 1.6% in the first quarter. Fiduciary Trust Co. now owns 17,622 shares of the transportation company’s stock valued at $1,014,000 after purchasing an additional 285 shares during the period. Institutional investors own 62.16% of the company’s stock.

United Airlines Company Profile

United Airlines Holdings, Inc is a holding company, which offers satellite based Wi-Fi, including on long-haul overseas routes. It transports people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. UAL, through United and its regional carriers.

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Earnings History and Estimates for United Airlines (NASDAQ:UAL)

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