United Continental (NASDAQ:UAL) announced its quarterly earnings results on Tuesday. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.21, RTT News reports. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.62 billion. United Continental had a net margin of 5.15% and a return on equity of 27.73%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS.
Shares of NASDAQ UAL opened at $85.17 on Wednesday. The company has a market capitalization of $22.34 billion, a PE ratio of 9.33, a PEG ratio of 0.40 and a beta of 0.96. United Continental has a 52-week low of $65.45 and a 52-week high of $97.85. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.47 and a current ratio of 0.54.
Several hedge funds and other institutional investors have recently modified their holdings of UAL. Raymond James Trust N.A. acquired a new position in United Continental during the first quarter worth $210,000. Sciencast Management LP acquired a new position in United Continental during the first quarter worth $2,528,000. Strategic Advisors LLC raised its holdings in United Continental by 7.3% during the first quarter. Strategic Advisors LLC now owns 30,396 shares of the transportation company’s stock worth $2,425,000 after buying an additional 2,075 shares during the last quarter. Virtu Financial LLC acquired a new position in United Continental during the first quarter worth $332,000. Finally, Stone House Investment Management LLC acquired a new position in United Continental during the first quarter worth $30,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.
UAL has been the topic of several research reports. BidaskClub raised shares of United Continental from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Cowen reaffirmed a “market perform” rating and set a $99.00 price target (up from $94.00) on shares of United Continental in a report on Thursday, January 17th. Vertical Research initiated coverage on shares of United Continental in a report on Monday, February 4th. They set a “buy” rating and a $103.00 price target on the stock. Zacks Investment Research lowered shares of United Continental from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Finally, JPMorgan Chase & Co. raised shares of United Continental from a “neutral” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average 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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