United Continental (UAL) Updates FY 2019 Earnings Guidance

United Continental (NASDAQ:UAL) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $10.00-12.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $11.13. United Continental also updated its FY 2020 guidance to $11.00-13.00 EPS.

Several analysts recently commented on the company. BidaskClub lowered United Continental from a buy rating to a hold rating in a report on Tuesday, March 12th. ValuEngine lowered United Continental from a buy rating to a hold rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. raised United Continental from a neutral rating to an overweight rating and set a $95.00 price target for the company in a report on Thursday, January 10th. Imperial Capital reissued an underperform rating and set a $78.00 price target (up previously from $73.00) on shares of United Continental in a report on Thursday, January 17th. Finally, Zacks Investment Research lowered United Continental from a buy rating to a hold rating in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $100.88.

Shares of NASDAQ UAL traded up $0.65 during mid-day trading on Tuesday, reaching $85.17. The company’s stock had a trading volume of 3,728,663 shares, compared to its average volume of 3,401,173. The firm has a market cap of $22.51 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 0.40 and a beta of 0.96. The company has a quick ratio of 0.47, a current ratio of 0.54 and a debt-to-equity ratio of 1.34. United Continental has a 52 week low of $65.45 and a 52 week high of $97.85.

United Continental (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, January 15th. The transportation company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.57. The firm had revenue of $10.49 billion during the quarter, compared to analyst estimates of $10.34 billion. United Continental had a return on equity of 27.73% and a net margin of 5.15%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.40 earnings per share. Research analysts expect that United Continental will post 11.08 EPS for the current fiscal year.

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United Continental Company Profile

United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.

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