Imperial Capital Analysts Reduce Earnings Estimates for United Continental Holdings, Inc. (UAL)
United Continental Holdings, Inc. (NYSE:UAL) – Imperial Capital reduced their Q4 2017 earnings per share (EPS) estimates for United Continental Holdings in a research note issued on Wednesday. Imperial Capital analyst M. Derchin now expects that the transportation company will earn $1.23 per share for the quarter, down from their previous estimate of $1.42. Imperial Capital currently has a “In-Line” rating and a $57.00 target price on the stock. Imperial Capital also issued estimates for United Continental Holdings’ Q3 2018 earnings at $2.72 EPS and Q4 2018 earnings at $1.47 EPS.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. The business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.87 billion. United Continental Holdings had a net margin of 5.22% and a return on equity of 25.49%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.11 earnings per share.
UAL has been the subject of several other research reports. BidaskClub lowered shares of United Continental Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Buckingham Research restated a “buy” rating and issued a $97.00 price target on shares of United Continental Holdings in a report on Saturday, July 22nd. UBS AG boosted their price target on shares of United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley boosted their price target on shares of United Continental Holdings from $79.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, July 20th. Finally, Stephens restated an “equal weight” rating and issued a $65.00 price target (down previously from $80.00) on shares of United Continental Holdings in a report on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. United Continental Holdings currently has a consensus rating of “Hold” and a consensus target price of $78.66.
Shares of United Continental Holdings (UAL) opened at 59.90 on Thursday. United Continental Holdings has a one year low of $52.21 and a one year high of $83.04. The firm has a 50-day moving average of $62.09 and a 200-day moving average of $70.41. The stock has a market cap of $18.22 billion, a PE ratio of 8.28 and a beta of 1.05.
Large investors have recently added to or reduced their stakes in the business. Exane Derivatives grew its position in United Continental Holdings by 373.7% during the 3rd quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock worth $113,000 after purchasing an additional 1,461 shares during the last quarter. MCF Advisors LLC grew its position in 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 purchasing an additional 13 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in United Continental Holdings during the 1st quarter worth approximately $122,000. FNY Partners Fund LP grew its position in United Continental Holdings by 2,073.9% during the 1st 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. Finally, Sun Life Financial INC grew its position in United Continental Holdings by 18,645.5% during the 2nd 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. 97.62% of the stock is currently owned by institutional investors.
In related news, Director Edward Shapiro bought 15,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were bought at an average price of $59.87 per share, with a total value of $898,050.00. Following the transaction, the director now owns 27,707 shares in the company, valued at $1,658,818.09. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by insiders.
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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