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

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

United Airlines Price Performance

Shares of UAL opened at $67.00 on Wednesday. The firm has a market capitalization of $21.93 billion, a PE ratio of 7.10, a PEG ratio of 0.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The company’s 50-day moving average is $81.51 and its 200-day moving average is $87.33. United Airlines has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

Wall Street Analysts Forecast Growth

UAL has been the subject of several research analyst reports. Evercore ISI cut their price objective on United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Barclays cut their price objective on United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group dropped their price target on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. Susquehanna lowered their target price on shares of United Airlines from $130.00 to $90.00 and set a “positive” rating for the company in a research note on Monday, April 7th. Finally, UBS Group lowered shares of United Airlines from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $107.00 to $59.00 in a research note on Monday, April 7th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, United Airlines currently has a consensus rating of “Moderate Buy” and a consensus 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.