Excluding special items, UAL reported first-quarter net income of $435 million, earnings per share of $1.23 per diluted share and pre-tax earnings of $688 million.
Including special items, UAL reported first-quarter net income of $313 million, earnings per share of $0.88 per diluted share and pre-tax earnings of $494 million.
During the first quarter of 2016, the company repurchased $1.5 billion worth of its common stock, representing approximately 8 percent of shares outstanding.
For the first quarter of 2016, total revenue was $8.2 billion, a decrease of 4.8 percent year-over-year. First-quarter 2016 consolidated passenger revenue per available seat mile (PRASM) decreased 7.4 percent and consolidated yield decreased 6.1 percent compared to the first quarter of 2015. The decline in PRASM continues to be driven by economic factors including a strong U.S. dollar and lower oil prices. In addition, the company experienced a larger-than-anticipated decrease in close-in business travel during the weeks surrounding the Easter holiday and spring break.
The company continues to focus on providing customers options to personalize their travel experience and, this quarter, launched its new bundled products offering, which is exceeding expectations. United Continental Holdings, Inc. earnings per share showed an increasing trend of 564.3% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 853%.Analysts project EPS growth over the next 5 years at 3.33%. It has EPS annual growth over the past 5 fiscal years of 78.3% when sales grew 10.2. It reported -4.8% sales drop, and -33.4% EPS decline in the last quarter.
The stock is trading at $45.09, up 6.92% from 52-week low of $42.17. The stock trades down -27.52% from its peak of $62.21 and 47.64% above the consensus price target of $66.57. Its volume clocked up at 6.08 million shares which is higher than the average volume of 5.41 million shares. Its market capitalization currently stands at $15.22B.
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