United Airlines (NASDAQ:UAL) Releases Earnings Results, Beats Expectations By $0.16 EPS

United Airlines (NASDAQ:UAL) issued its earnings results on Tuesday. The transportation company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.16, Zacks reports. The business had revenue of $13.21 billion during the quarter, compared to analysts’ expectations 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

UAL stock opened at $66.99 on Thursday. The company has a market capitalization of $21.93 billion, a PE ratio of 7.10, a P/E/G 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. The business’s fifty day moving average price is $80.67 and its 200 day moving average price is $87.19. United Airlines has a 12-month low of $37.02 and a 12-month high of $116.00.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of recent research reports. TD Cowen increased their price objective on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Jefferies Financial Group cut their price target on United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Susquehanna dropped their target price on United Airlines from $130.00 to $90.00 and set a “positive” rating for the company in a report on Monday, April 7th. Bank of America reduced their price target on United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Finally, Barclays dropped their price objective on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.01.

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.