United Airlines stock and earning forecast

    United Airlines reported recently its annual profit forecast. The situation is positive for the United Airlines stock as opposed to its main competitors. In addition, this is after seeing an increase in the average price of tickets and the number of passengers carried. The third US airline company has also decided to reduce its ambitions this year in terms of increased capacity to face rising fuel costs. United Airlines stock increased 4.2% in recently post-closing trades on Wall Street.

    united airlines stock

    Prices and United Airlines stock

    The company has announced that its net profit fell to $ 684 million ($ 587 million), or $ 2.48 per share, in the second quarter, from $ 821 million a year earlier ($ 2.67 / share). This due to an already announced depreciation of the value of links to Brazil to the tune of $105 million dollars. The Chicago-based company has, however, raised 25 cents on both ends of its adjusted annual earnings guidance range, now expecting between $ 7.25 and $ 8.75 per share. Its main rivals, Delta Air Lines and American Airlines, however, have lowered their annual profit forecasts due to higher fuel prices. United also downgraded its plans to expand its capacity this year. It plans to increase them from 4.5% to 5% against a previous range of 4.5% to 5.5%. In the second quarter, it posted adjusted earnings of $ 3.23 per United Airline stock on sales up 7.7% to $ 10.78 billion. The average ticket price has increased 1.5% Fuel costs, which account for a quarter of the company's costs, jumped 43.2% as oil prices rose.

    united airlines stock

    United Airlines stock and Company management

    The company announced the appointment of Gerry Laderman as executive vice president and chief financial officer (CFO). After seeking candidates internally and externally, he is confirmed in this position he held temporarily since May. Previously, he was Senior Vice President for Finance, Procurement and Treasurer, and a member of the airline's senior executive team. He worked at Continental before the latter's wedding with United in 2010.

    United Airlines stock Synthesis

    The company has solid fundamentals. More than 70% of companies have a mix of growth, profitability, debt and lower visibility. The company presents an interesting fundamental situation in a short-term investment perspective. Among the strong points for the United Airlines stock, the analysts' forecasts concerning the evolution of the activity are relatively close. This is the consequence either of good visibility linked to the group's activity, or of a good communication of the company with the analysts. Basically, with a "business value-to-revenue" ratio of around 0.86 for the current year, the company appears to be weakly valued. The company enjoys multiple attractive results. With a PER of 11.17 for 2018 and 9.25 for 2019, the company is one of the cheapest on the market.

    Analysts are positive on the title. The average consensus recommends buying or overweighting the value. The stock follows a long-term positive long-term trend above the support level of 69.73 USD. Nevertheless there is some light weak points. United Airlines stock prices are approaching a strong long-term resistance in weekly data, located around 92.31 USD. The company is close to a major daily data resistance zone located around 87.11 USD. It will have to be freed to have a new appreciation potential.

    united airlines stock

     

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