United Continental (UAL) Posts Quarterly Earnings Results, Beats Expectations By $0.43 EPS

United Continental (NYSE:UAL) announced its earnings results on Monday. The transportation company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.43, Bloomberg Earnings reports. The company had revenue of $9.03 billion for the quarter, compared to analyst estimates of $9.01 billion. United Continental had a return on equity of 23.40% and a net margin of 5.65%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 earnings per share.

Shares of NYSE:UAL traded up $0.03 on Tuesday, reaching $67.34. The company’s stock had a trading volume of 4,735,942 shares, compared to its average volume of 4,593,352. United Continental has a 52-week low of $56.51 and a 52-week high of $83.04. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.49 and a current ratio of 0.56. The stock has a market capitalization of $18,943.97, a price-to-earnings ratio of 9.96 and a beta of 0.87.

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A number of analysts have issued reports on the company. Citigroup upgraded shares of United Continental from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Wednesday, January 10th. Morgan Stanley boosted their price target on shares of United Continental from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, March 19th. Evercore ISI downgraded shares of United Continental from an “outperform” rating to an “in-line” rating in a research note on Wednesday, January 24th. JPMorgan Chase upgraded shares of United Continental from an “underweight” rating to an “overweight” rating and set a $83.00 target price for the company in a research note on Tuesday, January 30th. Finally, Zacks Investment Research downgraded shares of United Continental from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $84.03.

In related news, Director Edward Shapiro bought 25,000 shares of the stock in a transaction on Thursday, March 15th. The shares were bought at an average cost of $70.65 per share, for a total transaction of $1,766,250.00. Following the completion of the transaction, the director now owns 37,707 shares of the company’s stock, valued at approximately $2,663,999.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.

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About United Continental

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

Earnings History for United Continental (NYSE:UAL)

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