United Airlines (NASDAQ:UAL) issued its quarterly earnings results on Sunday. The transportation company reported ($7.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($7.08) by ($0.42), MarketWatch Earnings reports. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.28 billion. United Airlines had a negative return on equity of 54.29% and a negative net margin of 19.85%. The firm’s quarterly revenue was down 59.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.57) earnings per share.
Shares of United Airlines stock opened at $54.99 on Tuesday. The firm’s 50-day moving average is $56.62 and its 200 day moving average is $45.59. United Airlines has a 1 year low of $18.18 and a 1 year high of $63.70. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.04 and a quick ratio of 0.98. The stock has a market cap of $17.79 billion, a price-to-earnings ratio of -3.34 and a beta of 1.63.
In related news, COO Jonathan Roitman sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $53.78, for a total value of $268,900.00. Following the completion of the sale, the chief operating officer now directly owns 3,760 shares of the company’s stock, valued at approximately $202,212.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gerald Laderman sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 9th. The stock was sold at an average price of $54.00, for a total transaction of $540,000.00. Following the completion of the sale, the chief financial officer now directly owns 51,199 shares of the company’s stock, valued at $2,764,746. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock worth $1,409,060 in the last quarter. Company insiders own 0.40% of the company’s stock.
About United Airlines
United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also sells fuel; and offers catering, ground handling, and maintenance services for third parties.
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