United Continental Holdings, Inc. (UAL) Issues Quarterly Earnings Results, Beats Estimates By $0.10 EPS
United Continental Holdings, Inc. (NYSE:UAL) posted its quarterly earnings results on Monday. The transportation company reported $2.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10, Bloomberg Earnings reports. The company had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.87 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.11 EPS.
United Continental Holdings (UAL) traded up 0.71% during mid-day trading on Wednesday, reaching $67.99. 5,309,263 shares of the company were exchanged. The firm has a market capitalization of $20.68 billion, a P/E ratio of 9.39 and a beta of 1.05. United Continental Holdings has a 1-year low of $52.21 and a 1-year high of $83.04. The stock has a 50-day moving average of $62.21 and a 200 day moving average of $70.57.
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Several research analysts recently commented on the stock. Cowen and Company reaffirmed a “market perform” rating and issued a $70.00 price target (up previously from $63.00) on shares of United Continental Holdings in a research note on Thursday, October 12th. Bank of America Corporation reaffirmed a “buy” rating and issued a $84.00 price target (down previously from $85.00) on shares of United Continental Holdings in a research note on Tuesday, October 10th. Barclays PLC reaffirmed a “buy” rating and issued a $80.00 price target on shares of United Continental Holdings in a research note on Monday, September 25th. Macquarie assumed coverage on shares of United Continental Holdings in a research note on Monday, September 25th. They issued a “neutral” rating and a $64.00 price target on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $110.00 price target on shares of United Continental Holdings in a research note on Wednesday, September 20th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $80.61.
In related news, Director Edward Shapiro purchased 15,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were bought at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the purchase, the director now directly owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% 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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