United Airlines (UAL) to Release Quarterly Earnings on Monday

United Airlines (NASDAQ:UAL) is expected to be announcing its earnings results before the market opens on Monday, January 27th. Analysts expect the company to announce earnings of $2.96 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

United Airlines Stock Performance

UAL stock opened at $107.38 on Monday. United Airlines has a twelve month low of $37.02 and a twelve month high of $110.92. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The company has a market cap of $35.32 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.44. The business’s fifty day moving average is $97.73 and its 200-day moving average is $69.23.

United Airlines declared that its board has authorized a stock repurchase plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the transaction, the executive vice president now owns 40,012 shares in the company, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UAL has been the subject of several analyst reports. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. UBS Group upped their target price on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Barclays upped their price objective on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley lifted their target price on United Airlines from $88.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, United Airlines presently has a consensus rating of “Buy” and an average target price of $106.45.

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.