United Continental (NASDAQ:UAL) Updates Q1 2020 Pre-Market Earnings Guidance

United Continental (NASDAQ:UAL) updated its first quarter 2020
Pre-Market earnings guidance on Wednesday. The company provided earnings per share guidance of 0.75-1.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.74. United Continental also updated its FY 2020
Pre-Market guidance to 11.00-13.00 EPS.

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of United Continental from $108.00 to $103.00 and set an overweight rating on the stock in a report on Thursday, October 10th. Cowen set a $96.00 price target on shares of United Continental and gave the company a hold rating in a report on Friday, October 11th. BidaskClub raised shares of United Continental from a strong sell rating to a sell rating in a research note on Friday, January 17th. Credit Suisse Group lifted their price objective on shares of United Continental from $117.00 to $118.00 and gave the company an outperform rating in a research note on Thursday, October 17th. Finally, UBS Group started coverage on shares of United Continental in a research note on Tuesday, November 12th. They issued a buy rating and a $110.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $106.64.

United Continental stock opened at $86.45 on Wednesday. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 0.34 and a beta of 1.13. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.54 and a quick ratio of 0.48. United Continental has a fifty-two week low of $77.02 and a fifty-two week high of $96.03. The firm has a fifty day moving average price of $88.32 and a two-hundred day moving average price of $89.02.

United Continental (NASDAQ:UAL) last released its earnings results on Tuesday, January 21st. The transportation company reported $2.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.03. The firm had revenue of $10.89 billion during the quarter, compared to analyst estimates of $10.88 billion. United Continental had a net margin of 6.60% and a return on equity of 30.06%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 EPS. As a group, sell-side analysts expect that United Continental will post 12.04 earnings per share for the current year.

In other United Continental news, Director Carolyn Corvi sold 1,016 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $91.83, for a total transaction of $93,299.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by insiders.

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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