United Continental Holdings (UAL) Announces Quarterly Earnings Results, Misses Expectations By $0.09 EPS
United Continental Holdings (NYSE:UAL) posted its quarterly earnings results on Thursday. The company reported $1.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.60 by $0.09, AR Network reports. The company had revenue of $10.20 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same quarter last year, the company posted $1.35 earnings per share. United Continental Holdings’s revenue was up 3.2% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at Buckingham Research downgraded shares of United Continental Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 27th. On the ratings front, analysts at Imperial Capital raised their price target on shares of United Continental Holdings from $35.00 to $36.00 in a research note to investors on Wednesday, September 18th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays cut their price target on shares of United Continental Holdings from $38.00 to $32.00 in a research note to investors on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $34.18.
United Continental Holdings (NYSE:UAL) traded down 1.49% on Thursday, hitting $30.49. The stock had a trading volume of 2,153,403 shares. United Continental Holdings has a one year low of $27.32 and a one year high of $36.74. The stock has a 50-day moving average of $31.66 and a 200-day moving average of $31.63. The company’s market cap is $10.851 billion.
United Continental Holdings, Inc (NYSE:UAL) is a holding company and its principal, wholly owned subsidiaries are United Air Lines, Inc (United) and Continental Airlines, Inc (Continental).
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