Brokerages Anticipate United Continental Holdings Inc (UAL) to Post $0.10 Earnings Per Share
Wall Street analysts predict that United Continental Holdings Inc (NYSE:UAL) will post earnings per share of $0.10 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for United Continental’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.01. United Continental posted earnings of $0.40 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 75%. The firm is expected to announce its next quarterly earnings report on Monday, April 16th.
On average, analysts expect that United Continental will report full year earnings of $7.47 per share for the current financial year, with EPS estimates ranging from $6.71 to $8.04. For the next fiscal year, analysts expect that the business will report earnings of $9.42 per share, with EPS estimates ranging from $8.00 to $10.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover United Continental.
United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.45. The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.41 billion. United Continental had a return on equity of 23.40% and a net margin of 5.65%. United Continental’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 EPS.
United Continental (NYSE UAL) traded up $1.68 on Friday, reaching $71.55. The company’s stock had a trading volume of 5,548,895 shares, compared to its average volume of 4,330,000. The company has a market cap of $20,370.00, a price-to-earnings ratio of 11.16 and a beta of 0.98. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.56 and a quick ratio of 0.49. United Continental has a fifty-two week low of $56.51 and a fifty-two week high of $83.04.
United Continental announced that its board has authorized a stock repurchase program on Thursday, December 7th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of United Continental by 0.4% in the 4th quarter. BlackRock Inc. now owns 20,184,414 shares of the transportation company’s stock worth $1,360,430,000 after buying an additional 73,200 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of United Continental by 8.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,431,983 shares of the transportation company’s stock worth $208,949,000 after buying an additional 269,219 shares during the last quarter. Cyrus Capital Partners L.P. grew its stake in shares of United Continental by 18.4% in the 4th quarter. Cyrus Capital Partners L.P. now owns 3,133,622 shares of the transportation company’s stock worth $211,206,000 after buying an additional 487,000 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of United Continental by 11.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,186,098 shares of the transportation company’s stock worth $133,088,000 after buying an additional 222,636 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in shares of United Continental by 28.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,738,886 shares of the transportation company’s stock worth $105,863,000 after buying an additional 380,410 shares during the last quarter. Institutional investors own 96.94% of the company’s stock.
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About United Continental
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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