United Continental (NASDAQ:UAL) Updates FY19 Earnings Guidance

United Continental (NASDAQ:UAL) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $10.50-12.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $11.47. United Continental also updated its FY 2019 guidance to $10.50-12.00 EPS.

A number of research firms recently weighed in on UAL. Cowen reissued a market perform rating and set a $99.00 target price (up from $97.00) on shares of United Continental in a report on Wednesday, April 17th. Goldman Sachs Group raised Exelon from a neutral rating to a buy rating and boosted their target price for the stock from $48.00 to $52.00 in a report on Thursday, June 6th. Morgan Stanley boosted their target price on United Technologies from $155.00 to $164.00 and gave the stock an overweight rating in a report on Monday, May 20th. BidaskClub raised Zynerba Pharmaceuticals from a hold rating to a buy rating in a report on Thursday, July 4th. Finally, Imperial Capital reissued an underperform rating and set a $81.00 target price (up from $78.00) on shares of United Continental in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. United Continental presently has a consensus rating of Buy and an average target price of $102.76.

Shares of UAL stock traded up $2.60 on Tuesday, hitting $93.92. 3,962,548 shares of the company’s stock were exchanged, compared to its average volume of 2,965,081. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.43 and a current ratio of 0.50. United Continental has a 12 month low of $71.98 and a 12 month high of $97.85. The company has a market capitalization of $24.01 billion, a PE ratio of 10.29, a P/E/G ratio of 0.35 and a beta of 1.11. The stock’s 50 day moving average is $86.14.

United Continental (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.04 by $0.17. United Continental had a return on equity of 28.41% and a net margin of 5.43%. The business had revenue of $11.40 billion during the quarter, compared to the consensus estimate of $11.37 billion. During the same period in the prior year, the company earned $3.23 EPS. United Continental’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, analysts predict that United Continental will post 11.2 EPS for the current fiscal year.

In other United Continental news, COO Gregory L. Hart sold 5,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $89.66, for a total value of $448,300.00. Following the completion of the transaction, the chief operating officer now directly owns 22,087 shares in the company, valued at $1,980,320.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.

About United Continental

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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