Imperial Capital Equities Analysts Decrease Earnings Estimates for United Continental Holdings Inc. (UAL)
United Continental Holdings Inc. (NYSE:UAL) – Analysts at Imperial Capital lowered their Q1 2017 earnings per share estimates for shares of United Continental Holdings in a research report issued to clients and investors on Tuesday. Imperial Capital analyst M. Derchin now forecasts that the firm will post earnings per share of $0.21 for the quarter, down from their previous estimate of $0.37. Imperial Capital has a “In-Line” rating and a $76.00 price target on the stock. Imperial Capital also issued estimates for United Continental Holdings’ Q2 2017 earnings at $1.89 EPS, Q4 2017 earnings at $1.32 EPS and FY2017 earnings at $6.25 EPS.
Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus cut their price objective on United Continental Holdings from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, October 24th. Standpoint Research initiated coverage on United Continental Holdings in a report on Thursday, August 25th. They issued a “buy” rating and a $70.00 price target for the company. Vetr raised United Continental Holdings from a “hold” rating to a “buy” rating and set a $49.50 price target for the company in a report on Tuesday, August 23rd. Morgan Stanley reaffirmed a “buy” rating and issued a $57.00 price target on shares of United Continental Holdings in a report on Sunday, August 21st. Finally, Credit Suisse Group AG set a $47.00 price target on United Continental Holdings and gave the company a “hold” rating in a report on Friday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $64.44.
Shares of United Continental Holdings (NYSE:UAL) opened at 70.09 on Friday. The company has a market cap of $22.24 billion, a P/E ratio of 8.95 and a beta of 0.63. United Continental Holdings has a 52 week low of $37.41 and a 52 week high of $70.18. The firm’s 50-day moving average price is $58.76 and its 200 day moving average price is $49.84.
United Continental Holdings (NYSE:UAL) last announced its earnings results on Monday, October 17th. The company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.23. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. United Continental Holdings had a return on equity of 39.10% and a net margin of 7.36%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.53 EPS.
Large investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in United Continental Holdings during the third quarter worth approximately $113,000. IFP Advisors Inc raised its stake in United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock worth $105,000 after buying an additional 418 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in United Continental Holdings during the second quarter worth approximately $107,000. Global X Management Co. LLC raised its stake in United Continental Holdings by 134.3% in the third quarter. Global X Management Co. LLC now owns 2,631 shares of the company’s stock worth $138,000 after buying an additional 1,508 shares during the period. Finally, Virtus Investment Advisers Inc. acquired a new stake in United Continental Holdings during the third quarter worth approximately $164,000. Institutional investors and hedge funds own 94.26% of the company’s stock.
In other United Continental Holdings news, CFO Andrew C. Levy purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were acquired at an average cost of $50.96 per share, for a total transaction of $764,400.00. Following the transaction, the chief financial officer now directly owns 20,791 shares in the company, valued at $1,059,509.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Chris Kenny sold 3,824 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $67.39, for a total value of $257,699.36. Following the sale, the vice president now owns 10,179 shares in the company, valued at $685,962.81. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.
United Continental Holdings Company Profile
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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