United Airlines (NASDAQ:UAL) Announces Earnings Results, Misses Expectations By $0.42 EPS

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.

Several research firms have issued reports on UAL. Cowen upgraded United Airlines from a “market perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a research note on Monday, January 11th. Susquehanna Bancshares boosted their price target on United Airlines from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, January 14th. Deutsche Bank Aktiengesellschaft upgraded United Airlines from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, March 1st. Jefferies Financial Group raised their price target on United Airlines from $55.00 to $60.00 and gave the company a “hold” rating in a report on Tuesday, March 30th. Finally, The Goldman Sachs Group raised their price target on United Airlines from $54.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, March 16th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. United Airlines currently has an average rating of “Hold” and an average target price of $53.45.

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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Earnings History for United Airlines (NASDAQ:UAL)

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