United Airlines (NASDAQ:UAL) Announces Quarterly Earnings Results, Beats Estimates By $0.16 EPS

United Airlines (NASDAQ:UAL) posted its quarterly earnings results on Tuesday. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.16, Zacks reports. The company had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%.

United Airlines Price Performance

NASDAQ:UAL opened at $66.99 on Thursday. The stock has a 50 day moving average of $80.67 and a two-hundred day moving average of $87.19. United Airlines has a 12 month low of $37.02 and a 12 month high of $116.00. The firm has a market cap of $21.93 billion, a P/E ratio of 7.10, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Evercore ISI decreased their target price on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Raymond James cut United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. upped their target price on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. UBS Group cut United Airlines from a “buy” rating to a “neutral” rating and reduced their price target for the company from $107.00 to $59.00 in a research report on Monday, April 7th. Finally, Jefferies Financial Group lowered their price objective on United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.01.

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.