United Continental (UAL) Set to Announce Earnings on Tuesday

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United Continental (NASDAQ:UAL) will be issuing its quarterly earnings data after the market closes on Tuesday, October 15th. Analysts expect the company to announce earnings of $3.92 per share for the quarter. United Continental has set its FY 2019 guidance at $10.50-12.00 EPS and its FY19 guidance at $10.50-12.00 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

United Continental (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.07 by $0.14. United Continental had a return on equity of 29.33% and a net margin of 6.22%. The business had revenue of $11.40 billion during the quarter, compared to analyst estimates of $11.37 billion. During the same quarter last year, the business posted $3.23 EPS. The company’s revenue was up 5.8% on a year-over-year basis. On average, analysts expect United Continental to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

NASDAQ:UAL opened at $87.15 on Friday. United Continental has a 52 week low of $77.02 and a 52 week high of $97.85. The company has a quick ratio of 0.49, a current ratio of 0.55 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $22.21 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 0.35 and a beta of 1.20. The stock’s 50-day moving average price is $86.49 and its 200-day moving average price is $86.19.

In other news, Director Edward Shapiro acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $82.00 per share, for a total transaction of $820,000.00. Following the acquisition, the director now owns 182,707 shares in the company, valued at approximately $14,981,974. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Gregory L. Hart sold 5,000 shares of United Continental stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $93.48, for a total value of $467,400.00. Following the completion of the sale, the chief operating officer now owns 17,087 shares in the company, valued at $1,597,292.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,056 shares of company stock worth $647,516. 0.40% of the stock is currently owned by insiders.

A number of equities research analysts have recently commented on the company. Buckingham Research raised their target price on United Continental from $111.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Morgan Stanley dropped their target price on United Continental from $108.00 to $103.00 and set an “overweight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. restated a “buy” rating on shares of United Continental in a research report on Friday, September 13th. ValuEngine cut United Continental from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Finally, Zacks Investment Research upgraded United Continental from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. United Continental presently has a consensus rating of “Buy” and an average target price of $102.88.

About United Continental

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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