Zacks: Analysts Anticipate United Continental Holdings, Inc. (UAL) Will Post Earnings of $1.87 Per Share
Brokerages expect United Continental Holdings, Inc. (NYSE:UAL) to announce earnings per share (EPS) of $1.87 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for United Continental Holdings’ earnings, with estimates ranging from $1.70 to $2.05. United Continental Holdings posted earnings of $3.11 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 39.9%. The firm is expected to report its next quarterly earnings report on Monday, October 16th.
On average, analysts expect that United Continental Holdings will report full year earnings of $6.37 per share for the current financial year, with EPS estimates ranging from $5.69 to $7.70. For the next fiscal year, analysts anticipate that the company will report earnings of $6.84 per share, with EPS estimates ranging from $5.60 to $8.90. Zacks’ earnings per share averages are an average based on a survey of research firms that follow United Continental Holdings.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the previous year, the business earned $2.61 earnings per share. United Continental Holdings’s quarterly revenue was up 6.4% on a year-over-year basis.
A number of equities research analysts have recently issued reports on UAL shares. Buckingham Research downgraded shares of United Continental Holdings from a “buy” rating to a “neutral” rating and boosted their price target for the company from $49.28 to $59.80 in a research note on Monday, September 18th. UBS AG increased their price objective on shares of United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, July 12th. Barclays PLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of United Continental Holdings in a research report on Monday, September 25th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $86.00 target price on shares of United Continental Holdings in a report on Thursday, July 13th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $71.00 target price (down previously from $72.00) on shares of United Continental Holdings in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $80.86.
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United Continental Holdings (UAL) traded down 0.74% on Monday, reaching $60.43. The company’s stock had a trading volume of 4,460,319 shares. United Continental Holdings has a 52 week low of $51.34 and a 52 week high of $83.04. The company has a 50 day moving average of $61.60 and a 200 day moving average of $70.77. The firm has a market capitalization of $18.38 billion, a price-to-earnings ratio of 8.35 and a beta of 1.05.
In other United Continental Holdings news, Director Edward Shapiro purchased 15,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was bought at an average cost of $59.87 per share, with a total value of $898,050.00. Following the acquisition, the director now directly owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UAL. MCF Advisors LLC raised its position in shares of United Continental Holdings by 0.9% during the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after acquiring an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in United Continental Holdings during the first quarter worth approximately $122,000. FNY Partners Fund LP lifted its stake in United Continental Holdings by 2,073.9% during the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock worth $141,000 after purchasing an additional 1,908 shares during the last quarter. Sun Life Financial INC lifted its stake in United Continental Holdings by 18,645.5% during the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after purchasing an additional 2,051 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in United Continental Holdings during the second quarter worth approximately $181,000. Institutional investors and hedge funds own 97.69% 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 flights 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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