Brokers offer forecast for United Airlines Holdings, Inc.’s third quarter 2022 earnings (NASDAQ: UAL)


United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) – Investment analysts at Jefferies Financial Group raised their earnings per share estimates for the third quarter of 2022 for United Airlines in a report released Tuesday, October 4. Jefferies Financial Group analyst S. Kahyaoglu now expects the transportation company to earn $2.26 per share for the quarter, up from its previous estimate of $2.05. The consensus estimate for United Airlines’ current annual earnings is $0.45 per share.

Other stock analysts have also recently published research reports on the company. Barclays cut its price target on United Airlines from $58.00 to $45.00 and set an “equal weight” rating on the stock in a Friday July 8 report. Raymond James cut his target price on United Airlines from $62.00 to $48.00 and set an “outperform” rating on the stock in a Thursday, June 23 research note. Argus downgraded United Airlines from a “buy” rating to a “hold” rating in a Thursday, July 7 research note. Evercore ISI reduced its target price on United Airlines to $38.00 in a Friday July 22 research note. Finally, Melius began covering United Airlines in a research note on Monday, August 15. They issued a “buy” rating on the stock. Two equity research analysts gave the stock a sell rating, eight gave the company a hold rating and eight gave the company a buy rating. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $53.47.

United Airlines stock performance

United Airlines stock opened Wednesday at $35.33. The company’s 50-day simple moving average is $36.90 and its 200-day simple moving average is $40.59. United Airlines has a 12 month minimum of $30.54 and a 12 month maximum of $54.52. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt ratio of 7.41.

United Airlines (NASDAQ:UAL – Get Rating) last released its quarterly results on Wednesday, July 20. The transportation company reported earnings per share (EPS) of $1.43 for the quarter, missing the consensus estimate of $1.86 per ($0.43). The company posted revenue of $12.11 billion in the quarter, versus a consensus estimate of $12.11 billion. United Airlines had a negative net margin of 3.43% and a negative return on equity of 38.92%. United Airlines revenue increased 121.4% year over year. In the same quarter of the previous year, the company achieved EPS of ($3.91).

Insider activity at United Airlines

In other news, Director Edward Shapiro bought 25,000 shares of the company in a deal that took place on Monday, July 25. The shares were acquired at an average price of $35.84 per share, with a total value of $896,000.00. Following the transaction, the administrator now owns 125,000 shares of the company, valued at $4,480,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. 0.37% of the shares are held by insiders.

Institutional entries and exits

Hedge funds have recently been buying and selling stocks. Private Trust Co. NA bought a new position in United Airlines stock during Q2 for a value of approximately $91,000. Captrust Financial Advisors increased its stake in United Airlines shares by 5.3% during the second quarter. Captrust Financial Advisors now owns 6,660 shares of the transportation company worth $236,000 after acquiring 334 additional shares during the period. ExodusPoint Capital Management LP increased its stake in United Airlines shares by 493.0% during the 2nd quarter. ExodusPoint Capital Management LP now owns 314,974 shares of the transportation company worth $11,156,000 after acquiring an additional 261,856 shares during the period. Castleview Partners LLC increased its stake in United Airlines shares by 700.4% during the second quarter. Castleview Partners LLC now owns 1,817 shares of the transportation company worth $72,000 after acquiring an additional 1,590 shares during the period. Finally, Advisory Research Inc. increased its stake in United Airlines by 25.2% in the 2nd quarter. Advisory Research Inc. now owns 9,516 shares of the transportation company valued at $337,000 after acquiring 1,917 additional shares in the last quarter. 63.72% of the shares are currently held by institutional investors.

United Airlines Company Profile

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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 goods through its main and regional fleets. It also offers catering, ground handling, training and maintenance services for third parties.

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Earnings history and estimates for United Airlines (NASDAQ:UAL)

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