United Continental (UAL) Updates FY18 Earnings Guidance

United Continental (NYSE:UAL) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $6.50-8.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.00.

United Continental (NYSE UAL) traded up $1.10 during trading hours on Tuesday, hitting $77.97. The stock had a trading volume of 5,077,716 shares, compared to its average volume of 4,335,987. United Continental has a 1-year low of $56.51 and a 1-year high of $83.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.53. The company has a market cap of $23,100.00, a price-to-earnings ratio of 11.28 and a beta of 1.05.

United Continental (NYSE:UAL) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.45. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the company earned $1.78 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. sell-side analysts predict that United Continental will post 6.71 earnings per share for the current year.

United Continental declared that its board has initiated a stock buyback program on Thursday, December 7th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Several research analysts have recently issued reports on UAL shares. Barclays restated a buy rating and issued a $80.00 price target on shares of United Continental in a research report on Monday, September 25th. Citigroup raised their price target on United Continental from $75.00 to $76.00 and gave the stock a neutral rating in a research report on Thursday, October 19th. Cowen restated a market perform rating and issued a $70.00 price target (up from $63.00) on shares of United Continental in a research report on Thursday, October 12th. Buckingham Research upgraded United Continental from a neutral rating to a buy rating and raised their price target for the stock from $65.00 to $81.00 in a research report on Tuesday, December 19th. Finally, Zacks Investment Research upgraded United Continental from a sell rating to a hold rating in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. United Continental presently has a consensus rating of Hold and a consensus target price of $81.69.

ILLEGAL ACTIVITY WARNING: “United Continental (UAL) Updates FY18 Earnings Guidance” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/01/23/united-continental-ual-updates-fy18-earnings-guidance.html.

United Continental Company Profile

United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.

Earnings History and Estimates for United Continental (NYSE:UAL)

Receive News & Ratings for United Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply