United Continental (UAL) Releases FY18 Earnings Guidance

United Continental (NYSE:UAL) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $7.00-8.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.67.

Shares of NYSE UAL traded up $0.03 during trading on Tuesday, reaching $67.34. 4,728,083 shares of the company traded hands, compared to its average volume of 4,593,158. The firm has a market capitalization of $18,943.97, a P/E ratio of 9.96 and a beta of 0.87. United Continental has a 12-month low of $56.51 and a 12-month 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.

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United Continental (NYSE:UAL) last released its quarterly earnings data on Monday, April 16th. The transportation company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.43. The business had revenue of $9.03 billion during 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 company’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. analysts forecast that United Continental will post 7.82 earnings per share for the current year.

UAL has been the subject of a number of recent research reports. Citigroup upgraded United Continental from a neutral rating to a buy rating and set a $76.00 price objective for the company in a research note on Wednesday, January 10th. Stifel Nicolaus reiterated a buy rating and set a $130.00 price objective (up previously from $100.00) on shares of United Continental in a research note on Wednesday, January 10th. Buckingham Research upgraded United Continental from a neutral rating to a buy rating and lifted their price objective for the company from $65.00 to $81.00 in a research note on Tuesday, December 19th. Standpoint Research upgraded United Continental from a hold rating to a buy rating in a research note on Monday, December 18th. Finally, Bank of America lifted their price objective on United Continental from $80.00 to $83.00 and gave the company a buy rating in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. United Continental presently has an average rating of Hold and a consensus target price of $84.03.

In other United Continental news, Director Edward Shapiro purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was purchased at an average price of $70.65 per share, for a total transaction of $1,766,250.00. Following the purchase, the director now directly owns 37,707 shares in the company, valued at $2,663,999.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is owned by insiders.

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United Continental Company Profile

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 and Estimates for United Continental (NYSE:UAL)

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