United Continental Holdings Inc. (UAL) Set to Announce Earnings on Monday
United Continental Holdings Inc. (NYSE:UAL) is set to post its quarterly earnings results after the market closes on Monday, October 17th. Analysts expect United Continental Holdings to post earnings of $2.88 per share for the quarter.
United Continental Holdings (NYSE:UAL) last issued its earnings results on Tuesday, July 19th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.17. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. The firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.36 billion. During the same quarter last year, the business earned $3.31 earnings per share. On average, analysts expect United Continental Holdings to post $8.08 EPS for the current fiscal year and $6.52 EPS for the next fiscal year.
Shares of United Continental Holdings Inc. (NYSE:UAL) traded down 0.91% during trading on Friday, reaching $53.20. The company’s stock had a trading volume of 4,664,325 shares. The firm has a market cap of $17.15 billion, a PE ratio of 2.91 and a beta of 0.53. United Continental Holdings Inc. has a 12 month low of $37.41 and a 12 month high of $61.87. The company’s 50 day moving average price is $51.56 and its 200 day moving average price is $48.41.
UAL has been the subject of several analyst reports. Zacks Investment Research cut United Continental Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, June 16th. Credit Suisse Group AG reaffirmed an “underweight” rating on shares of United Continental Holdings in a report on Saturday, June 25th. Deutsche Bank AG raised United Continental Holdings from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Tuesday, July 12th. Bank of America Corp. reissued a “hold” rating and set a $52.00 price target on shares of United Continental Holdings in a report on Wednesday, July 20th. Finally, Standpoint Research reissued a “buy” rating on shares of United Continental Holdings in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $63.05.
In other news, CFO Andrew C. Levy purchased 15,000 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were acquired at an average price of $50.96 per share, for a total transaction of $764,400.00. Following the completion of the acquisition, the chief financial officer now owns 20,791 shares in the company, valued at $1,059,509.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.39% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cipher Capital LP bought a new stake in shares of United Continental Holdings during the second quarter valued at approximately $734,000. BlueMountain Capital Management LLC increased its stake in shares of United Continental Holdings by 239.5% in the second quarter. BlueMountain Capital Management LLC now owns 87,815 shares of the company’s stock valued at $3,604,000 after buying an additional 61,949 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of United Continental Holdings during the second quarter valued at approximately $447,000. Franklin Resources Inc. increased its stake in shares of United Continental Holdings by 1.8% in the second quarter. Franklin Resources Inc. now owns 1,170,664 shares of the company’s stock valued at $48,043,000 after buying an additional 20,973 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of United Continental Holdings by 139.8% in the second quarter. Janney Montgomery Scott LLC now owns 39,646 shares of the company’s stock valued at $1,628,000 after buying an additional 23,115 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.
About United Continental Holdings
United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates an average of approximately 5,000 flights a day to over 340 airports across six continents from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.
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