United Continental (NASDAQ:UAL) announced its quarterly earnings results on Wednesday. The transportation company reported ($8.16) EPS for the quarter, missing analysts’ consensus estimates of ($7.63) by ($0.53), RTT News reports. United Continental had a negative return on equity of 15.01% and a negative net margin of 5.25%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the firm earned $4.07 earnings per share. The business’s revenue was down 78.1% compared to the same quarter last year.
Shares of NASDAQ:UAL opened at $34.16 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.61 and a quick ratio of 0.55. United Continental has a 1-year low of $17.80 and a 1-year high of $95.16. The company has a market capitalization of $9.94 billion, a P/E ratio of -5.57 and a beta of 1.53. The firm’s 50 day simple moving average is $36.17 and its two-hundred day simple moving average is $32.60.
In other news, Director Edward Shapiro sold 25,000 shares of United Continental stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $33.52, for a total transaction of $838,000.00. Following the sale, the director now owns 157,707 shares in the company, valued at $5,286,338.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.40% of the stock is owned by insiders.
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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