United Continental (UAL) Updates FY18 Earnings Guidance

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United Continental (NYSE:UAL) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $8.00-8.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.16.

Several brokerages have recently commented on UAL. Imperial Capital decreased their price objective on shares of United Continental from $96.00 to $91.00 and set an in-line rating on the stock in a report on Tuesday. They noted that the move was a valuation call. Zacks Investment Research lowered shares of United Continental from a buy rating to a hold rating in a report on Monday. Bank of America upped their price objective on shares of United Continental from $94.00 to $95.00 and gave the stock a buy rating in a report on Wednesday, October 10th. Buckingham Research decreased their price objective on shares of United Continental from $108.00 to $101.00 and set a buy rating on the stock in a report on Wednesday, October 10th. Finally, Macquarie set a $91.00 price objective on shares of United Continental and gave the stock a hold rating in a report on Monday, October 8th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. United Continental presently has an average rating of Buy and a consensus target price of $90.73.

UAL traded up $2.18 during trading hours on Tuesday, hitting $83.52. 4,944,100 shares of the company’s stock were exchanged, compared to its average volume of 3,751,806. United Continental has a 12-month low of $56.51 and a 12-month high of $91.39. The company has a market cap of $23.75 billion, a P/E ratio of 12.03, a PEG ratio of 0.51 and a beta of 0.75. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.56.

United Continental (NYSE:UAL) last announced its earnings results on Tuesday, October 16th. The transportation company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.02). United Continental had a return on equity of 24.28% and a net margin of 5.23%. The business had revenue of $11 billion for the quarter, compared to analysts’ expectations of $10.95 billion. During the same period in the previous year, the company earned $2.22 earnings per share. United Continental’s quarterly revenue was up 11.2% on a year-over-year basis. Research analysts forecast that United Continental will post 8.13 earnings per share for the current year.

About United Continental

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.

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

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