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

United Airlines (NASDAQ:UAL - Get Free Report) posted its quarterly earnings results on Tuesday. The transportation company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion.

United Airlines Stock Down 1.0 %

UAL stock traded down $0.69 during mid-day trading on Friday, reaching $66.30. 11,255,107 shares of the company traded hands, compared to its average volume of 7,618,997. United Airlines has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The firm's 50 day moving average price is $79.13 and its 200 day moving average price is $87.54. The stock has a market cap of $21.73 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 0.67 and a beta of 1.19.

Analyst Upgrades and Downgrades

UAL has been the topic of several research reports. TD Cowen boosted their price target on United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Susquehanna decreased their price objective on United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a report on Thursday. JPMorgan Chase & Co. increased their price target on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Morgan Stanley upped their target price on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, Barclays reduced their price objective on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. 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. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of "Moderate Buy" and an average target price of $101.95.

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.