United Continental Holdings Inc. to Post FY2019 Earnings of $0.94 Per Share, Imperial Capital Forecasts (UAL)
United Continental Holdings Inc. (NYSE:UAL) – Analysts at Imperial Capital decreased their FY2019 EPS estimates for shares of United Continental Holdings in a report issued on Tuesday. Imperial Capital analyst M. Derchin now anticipates that the brokerage will post earnings of $0.94 per share for the year, down from their previous forecast of $1.66. Imperial Capital currently has a “Outperform” rating and a $63.00 price target on the stock.
A number of other research firms have also recently issued reports on UAL. Standpoint Research reaffirmed a “buy” rating on shares of United Continental Holdings in a research report on Wednesday, July 27th. Credit Suisse Group AG cut United Continental Holdings from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $64.00 to $42.00 in a research report on Wednesday, July 6th. JPMorgan Chase & Co. cut their price objective on United Continental Holdings from $72.00 to $61.50 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. Vetr raised United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $56.33 price objective for the company in a research report on Monday, August 29th. Finally, Cowen and Company reaffirmed an “outperform” rating on shares of United Continental Holdings in a research report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. United Continental Holdings has an average rating of “Buy” and an average price target of $63.05.
Shares of United Continental Holdings (NYSE:UAL) traded down 0.91% on Thursday, hitting $53.20. The stock had a trading volume of 7,416,268 shares. The stock has a market capitalization of $17.15 billion, a PE ratio of 2.91 and a beta of 0.53. United Continental Holdings has a one year low of $37.41 and a one year high of $61.87. The firm’s 50 day moving average is $51.72 and its 200-day moving average is $48.38.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.17. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.36 billion. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. During the same quarter in the prior year, the firm posted $3.31 EPS.
In other United Continental Holdings news, CFO Andrew C. Levy acquired 15,000 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were bought at an average cost of $50.96 per share, with a total value of $764,400.00. Following the purchase, the chief financial officer now directly owns 20,791 shares of the company’s stock, valued at $1,059,509.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in UAL. Credit Capital Investments LLC increased its position in shares of United Continental Holdings by 3,631.1% in the second quarter. Credit Capital Investments LLC now owns 8,171,064 shares of the company’s stock worth $8,171,000 after buying an additional 7,952,064 shares in the last quarter. LSV Asset Management increased its position in shares of United Continental Holdings by 4,689.0% in the second quarter. LSV Asset Management now owns 3,251,700 shares of the company’s stock worth $133,449,000 after buying an additional 3,183,800 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in United Continental Holdings by 27,400.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,375,000 shares of the company’s stock worth $56,430,000 after buying an additional 1,370,000 shares during the period. AQR Capital Management LLC increased its position in United Continental Holdings by 20.2% in the second quarter. AQR Capital Management LLC now owns 6,647,861 shares of the company’s stock worth $272,829,000 after buying an additional 1,116,414 shares during the period. Finally, Prudential Financial Inc. increased its position in United Continental Holdings by 131.4% in the second quarter. Prudential Financial Inc. now owns 1,865,899 shares of the company’s stock worth $76,577,000 after buying an additional 1,059,540 shares during the period. 93.39% of the stock is currently owned by institutional investors.
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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