United Continental (NYSE:UAL) Updates FY18 Earnings Guidance

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United Continental (NYSE:UAL) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $6.50-8.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.53.

A number of research firms recently weighed in on UAL. Morgan Stanley set a $80.00 price objective on shares of United Continental and gave the stock a hold rating in a research note on Friday. Stephens set a $76.00 price objective on shares of United Continental and gave the stock a hold rating in a research note on Thursday, March 29th. Zacks Investment Research upgraded shares of United Continental from a hold rating to a buy rating and set a $77.00 target price for the company in a report on Wednesday, March 28th. Bank of America set a $83.00 target price on shares of United Continental and gave the stock a buy rating in a report on Tuesday, March 6th. Finally, ValuEngine upgraded shares of United Continental from a buy rating to a strong-buy rating in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. United Continental has a consensus rating of Hold and a consensus price target of $84.18.

Shares of UAL traded down $2.06 during mid-day trading on Friday, hitting $68.63. 3,699,153 shares of the company traded hands, compared to its average volume of 4,608,667. United Continental has a 1-year low of $56.51 and a 1-year high of $83.04. The company has a quick ratio of 0.49, a current ratio of 0.56 and a debt-to-equity ratio of 1.44. The company has a market cap of $19,926.19, a P/E ratio of 10.15 and a beta of 0.87.

United Continental (NYSE:UAL) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.45. United Continental had a net margin of 5.65% and a return on equity of 23.40%. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. research analysts anticipate that United Continental will post 7.78 EPS for the current fiscal year.

United Continental declared that its board has initiated a stock buyback plan on Thursday, December 7th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In related news, Director Edward Shapiro acquired 25,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were purchased at an average price of $70.65 per share, for a total transaction of $1,766,250.00. Following the completion of the acquisition, the director now directly owns 37,707 shares in the company, valued at approximately $2,663,999.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

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United Continental Company Profile

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.

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

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