United Continental (NASDAQ:UAL) Issues FY 2020 Earnings Guidance

United Continental (NASDAQ:UAL) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided EPS guidance of $11.00-13.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $12.69. United Continental also updated its FY 2019 guidance to $11.25-12.25 EPS.

Shares of NASDAQ UAL traded up $0.30 during midday trading on Thursday, hitting $90.00. 88,229 shares of the stock traded hands, compared to its average volume of 2,523,909. The firm has a 50-day moving average of $86.95 and a two-hundred day moving average of $86.43. The firm has a market capitalization of $22.34 billion, a P/E ratio of 9.86, a PEG ratio of 0.35 and a beta of 1.20. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.49 and a current ratio of 0.55. United Continental has a one year low of $77.02 and a one year high of $97.85.

United Continental (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.97 by $0.10. The firm had revenue of $11.38 billion during the quarter, compared to analyst estimates of $11.43 billion. United Continental had a return on equity of 29.33% and a net margin of 6.22%. United Continental’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.06 EPS. Equities analysts forecast that United Continental will post 11.81 earnings per share for the current fiscal year.

Several research firms have recently commented on UAL. Berenberg Bank initiated coverage on United Continental in a research note on Friday, September 6th. They issued a hold rating and a $95.00 price objective for the company. ValuEngine lowered United Continental from a hold rating to a sell rating in a research note on Saturday, October 5th. JPMorgan Chase & Co. reiterated a buy rating on shares of United Continental in a research note on Friday, September 13th. Buckingham Research increased their price target on United Continental from $111.00 to $120.00 and gave the stock a buy rating in a research note on Tuesday, July 16th. Finally, Morgan Stanley cut their price target on United Continental from $108.00 to $103.00 and set an overweight rating for the company in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. United Continental presently has an average rating of Buy and a consensus target price of $103.00.

In other news, Director Carolyn Corvi sold 1,024 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $88.85, for a total value of $90,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Gregory L. Hart sold 5,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $93.48, for a total value of $467,400.00. Following the completion of the sale, the chief operating officer now directly owns 17,087 shares of the company’s stock, valued at $1,597,292.76. The disclosure for this sale can be found here. Insiders have sold 7,056 shares of company stock valued at $647,516 in the last ninety days. Company insiders own 0.40% of the company’s stock.

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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Earnings History and Estimates for United Continental (NASDAQ:UAL)

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