United Continental (NASDAQ:UAL) issued its quarterly earnings data on Tuesday. The transportation company reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.21, RTT News reports. The firm had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.62 billion. United Continental had a net margin of 5.15% and a return on equity of 27.73%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share.
UAL opened at $85.17 on Wednesday. United Continental has a one year low of $65.45 and a one year high of $97.85. The company has a current ratio of 0.54, a quick ratio of 0.47 and a debt-to-equity ratio of 1.34. The company has a market cap of $22.34 billion, a PE ratio of 9.33, a P/E/G ratio of 0.40 and a beta of 0.96.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stone House Investment Management LLC acquired a new position in United Continental in the first quarter valued at approximately $30,000. Raymond James Trust N.A. acquired a new position in United Continental in the first quarter valued at approximately $210,000. Beech Hill Advisors Inc. lifted its holdings in United Continental by 26.4% in the first quarter. Beech Hill Advisors Inc. now owns 4,075 shares of the transportation company’s stock valued at $325,000 after buying an additional 850 shares during the period. Virtu Financial LLC acquired a new position in United Continental in the first quarter valued at approximately $332,000. Finally, MML Investors Services LLC lifted its holdings in United Continental by 8.1% in the fourth quarter. MML Investors Services LLC now owns 4,486 shares of the transportation company’s stock valued at $376,000 after buying an additional 336 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.
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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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