United Continental (NYSE:UAL) posted its quarterly earnings results on Tuesday. The transportation company reported $3.06 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.01), MarketWatch Earnings reports. The company had revenue of $11 billion for the quarter, compared to analyst estimates of $10.95 billion. United Continental had a return on equity of 24.28% and a net margin of 5.23%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.22 earnings per share. United Continental updated its FY18 guidance to $8.00-8.75 EPS.
NYSE UAL opened at $83.52 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $23.75 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 0.51 and a beta of 0.75. United Continental has a 12-month low of $56.51 and a 12-month high of $91.39.
Several research firms recently commented on UAL. Morgan Stanley set a $92.00 price target on shares of United Continental and gave the stock a “hold” rating in a report on Tuesday, September 18th. Imperial Capital lifted their target price on shares of United Continental from $73.00 to $85.00 and gave the company an “inline” rating in a research note on Thursday, July 19th. ValuEngine upgraded shares of United Continental from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Zacks Investment Research upgraded shares of United Continental from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Monday, October 1st. Finally, Buckingham Research set a $108.00 target price on shares of United Continental and gave the company a “buy” rating in a research note on Friday, September 7th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $90.73.
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
Read More: Trading Strategy
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.