United Continental (NASDAQ:UAL) Posts Quarterly Earnings Results, Misses Expectations By $0.53 EPS

United Continental (NASDAQ:UAL) posted its earnings results on Wednesday. The transportation company reported ($8.16) EPS for the quarter, missing the consensus estimate of ($7.63) by ($0.53), RTT News reports. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.54 billion. United Continental had a negative return on equity of 15.01% and a negative net margin of 5.25%. The company’s revenue was down 78.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.07 earnings per share.

UAL opened at $34.16 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 2.32. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of -5.57 and a beta of 1.53. United Continental has a twelve month low of $17.80 and a twelve month high of $95.16. The company’s 50-day moving average price is $36.17 and its two-hundred day moving average price is $32.60.

In related news, Director Edward Shapiro sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $33.52, for a total transaction of $838,000.00. Following the sale, the director now directly owns 157,707 shares in the company, valued at approximately $5,286,338.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by insiders.

Several research firms recently weighed in on UAL. JPMorgan Chase & Co. upgraded shares of United Continental from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $44.00 to $52.00 in a report on Wednesday, October 7th. Zacks Investment Research cut shares of United Continental from a “hold” rating to a “sell” rating and set a $38.00 price target on the stock. in a report on Thursday, September 10th. Citigroup cut their price target on shares of United Continental from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Barclays cut shares of United Continental from an “overweight” rating to an “equal weight” rating and set a $40.00 price target on the stock. in a report on Monday, October 12th. Finally, Goldman Sachs Group boosted their price target on shares of United Continental from $40.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.73.

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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Earnings History for United Continental (NASDAQ:UAL)

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