United Continental (UAL) Updates FY19 Earnings Guidance

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United Continental (NASDAQ:UAL) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $10-12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $11.10. United Continental also updated its FY 2019 guidance to $10.00-12.00 EPS.

Shares of NASDAQ UAL traded up $0.65 during midday trading on Tuesday, reaching $85.17. 3,115,600 shares of the company traded hands, compared to its average volume of 3,401,311. The stock has a market cap of $22.51 billion, a PE ratio of 9.33, a PEG ratio of 0.40 and a beta of 0.96. United Continental has a 12 month low of $65.45 and a 12 month 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.

United Continental (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.19. The company had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.62 billion. United Continental had a return on equity of 27.73% and a net margin of 5.15%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. Analysts predict that United Continental will post 11.08 earnings per share for the current year.

UAL has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised United Continental from a neutral rating to an overweight rating and set a $95.00 price target for the company in a report on Thursday, January 10th. Macquarie set a $111.00 price target on United Continental and gave the company a buy rating in a report on Tuesday, January 29th. Imperial Capital cut United Continental from an in-line rating to an underperform rating and cut their price target for the company from $110.00 to $73.00 in a report on Wednesday, January 9th. Argus initiated coverage on United Continental in a report on Wednesday, January 30th. They issued a buy rating and a $101.00 price target for the company. Finally, ValuEngine cut United Continental from a buy rating to a hold rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. United Continental has a consensus rating of Buy and a consensus price target of $100.88.

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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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