United Continental (UAL) Issues Quarterly Earnings Results

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.

Several analysts have weighed in on UAL shares. Standpoint Research cut shares of United Continental from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Macquarie set a $111.00 price objective on shares of United Continental and gave the stock a “buy” rating in a research note on Tuesday, January 29th. BidaskClub raised shares of United Continental from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Zacks Investment Research reissued a “buy” rating and set a $97.00 price target on shares of United Continental in a research note on Monday, December 31st. Finally, Argus assumed coverage on shares of United Continental in a research note on Wednesday, January 30th. They set a “buy” rating and a $101.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $100.88.

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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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Earnings History for United Continental (NASDAQ:UAL)

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