|Bid||80.03 x 800|
|Ask||80.64 x 800|
|Day's Range||79.31 - 80.92|
|52 Week Range||56.51 - 80.92|
|PE Ratio (TTM)||10.96|
|Earnings Date||Oct 16, 2018 - Oct 22, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||89.87|
United Continental Holdings (UAL) is having another good day: After a beat-and-raise quarter, the shares are climbing on an upgrade from Macquarie Thursday. Analyst Susan Donofrio raised her rating on the shares to Outperform from Neutral, with a $95 price target. Donofrio writes that United's management appears "more measured and thoughtful," adding to her confidence in the stock, although the real news, as we mentioned yesterday, was the capacity decreases. United "still has a long runway on revenue and cost initiatives...and operations are improving," she writes, as United was the best U.S. airline in terms of on-time departures last quarter.
United Airlines' growth strategy seems to be paying off. However, the company is still nowhere close to matching Delta Air Lines' profit margin.
NEW YORK, NY / ACCESSWIRE / July 19, 2018 / U.S. equities closed mostly higher Wednesday, as investors welcomed quarterly earnings and positive signs of a rapidly growing domestic economy. The Dow Jones ...
United Continental Holdings Inc.’s push into China is paying off. The airline said Wednesday that unit revenue in its Pacific region for the second quarter rose 3.4% from a year earlier, led by traffic to China and premium cabin sales. The increase in the closely watched metric, indicating how much an airline earns on each seat flown a mile, was United’s first for the region since 2014.
On a day stocks rose on optimism over earnings and the economy, United Continental reported strong profit growth and Cara Therapeutics announced a secondary offering.
Shares of rail transportation company CSX climbed more than 7 percent on Wednesday after the company beat analysts' expectations on both earnings and revenue for its second financial quarter.
Semiconductor-related stocks continued to glow with more gains after a rough few months. Holland's ASML broke out. Alphabet is rising again after a new breakout.
Earlier this month, Deutsche Bank lowered its rating on American, Delta and United to hold, saying geopolitical risks like rising trade tensions between the U.S. and other nations could crimp demand for corporate travel.
United offers more service to China than its U.S. competitors. Beijing wants U.S. airlines to refer to Taiwan as part of China, creating a spat with Washington. Airfare is climbing and United Airlines UAL stock is surging but investors want to know whether the third-largest U.S. carrier is prepared for leaner times.
Tech stocks were under mild selling pressure near midday Wednesday, but shares of Amazon held up after the Nasdaq 100 giant called its recent Prime Day the most successful ever.
United's shares jumped by more than 8 percent in intraday Wednesday after the parent company of the third-largest U.S. carrier topped second-quarter profit expectations and raised its outlook for the year.
United says it is recovering 75 percent of the increase in fuel costs through higher fares and other initiatives. The airline's shares surged by more than 8 percent to an intraday high of $78.65 around 10 a.m. United Continental UAL Holdings shares surged more than 8 percent Wednesday morning after the third-largest U.S. airline raised its 2018 profit outlook and said higher fares are helping to recover most of the surge in fuel costs over the past year.
Strong demand for air travel leads to Delta's (DAL) and United Continental's (UAL) impressive second-quarter performances.
It wasn't all good news: Share buybacks bumped up the bottom-line beat, and fuel costs jumped over 43% in the quarter. Way back in January, United's increased capacity spooked investors across the industry, and Delta Air Lines' (DAL) second-quarter earnings lift came largely from its lowered capacity, as airlines try to win back investors' trust. After all, even with strong demand for air travel, excess capacity on the supply-side means less pricing power for airlines, an issue that's more relevant than ever as fuel prices climb. On this score, United did well.
Among the companies with shares expected to trade actively in Wednesday's session are Alphabet, Morgan Stanley, Texas Instruments, United Continental Holdings and Boeing.
The Dow Jones Industrial Average is barely moving this morning. •...and highlight a Goldman Sachs downgrade of Clorox (CLX). S&P 500 futures have dipped 0.1%, while Dow Jones Industrial Average futures have ticked up 3 points.
Morgan Stanley, United Continental and railroad CSX were among Wednesday's early earnings beats, but a rising dollar and pending testimony from Fed Chief Powell kept early trade in check.
NEW YORK, NY / ACCESSWIRE / July 18, 2018 / United Continental Holdings, Inc. (NYSE: UAL ) will be discussing their earnings results in their Q2 Earnings Call to be held on July 18, 2018 at 10:30 AM Eastern ...
United Continental's (UAL) impressive second-quarter results can be attributed to strong demand for air travel. Its decision to raise 2018 earnings projection is an added positive.
Morgan Stanley reported second quarter profit of $1.30 per share , beating the consensus estimate of $1.11 a share. Revenue beat forecasts, as Morgan Stanley reported strong investment banking and wealth-management results. Morgan Stanley also raised its quarterly dividend to 30 cents per share from 25 cents a share.
United Continental Holdings Inc. said its profit is rising despite surging jet fuel costs. The no. 3 U.S. carrier by traffic beat earnings forecasts on Tuesday and raised its profit outlook for the year. “These results are the strongest evidence yet that our strategic growth plan is working, and we are well positioned to carry our momentum into the second half of the year,” Chief Executive Oscar Munoz said in a press release.
Sonic Automotive SAH stock plummeted nearly 10 percent in after-hours trading. Shares of CSX CSX were up nearly 3 percent in after-hours trading. The rail transportation company beat analysts' estimates on earnings for its second quarter, posting $1.01 per share versus the 87 cents per share that was expected.
United Airlines shares rose after the company raised its profit forecast for 2018 and it trimmed capacity expansion facing skyrocketing fuel costs. Fred Katayama reports.