United Continental Holdings Inc. (UAL) Forecasted to Post Q3 2016 Earnings of $3.08 Per Share
United Continental Holdings Inc. (NYSE:UAL) – Equities research analysts at Imperial Capital raised their Q3 2016 earnings per share estimates for United Continental Holdings in a report released on Tuesday. Imperial Capital analyst M. Derchin now anticipates that the brokerage will earn $3.08 per share for the quarter, up from their prior estimate of $2.91. Imperial Capital has a “Outperform” rating and a $63.00 price target on the stock. Imperial Capital also issued estimates for United Continental Holdings’ Q4 2016 earnings at $1.40 EPS, FY2016 earnings at $8.27 EPS, Q1 2017 earnings at $0.42 EPS, Q2 2017 earnings at $1.93 EPS, Q3 2017 earnings at $3.18 EPS, Q4 2017 earnings at $1.55 EPS, FY2017 earnings at $7.00 EPS and FY2018 earnings at $8.24 EPS.
A number of other equities research analysts have also weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of United Continental Holdings in a report on Monday. They set a “market perform” rating and a $55.00 price objective on the stock. Credit Suisse Group AG set a $47.00 price objective on shares of United Continental Holdings and gave the company a “hold” rating in a report on Friday, October 7th. Cowen and Company reissued an “outperform” rating and set a $60.00 price objective on shares of United Continental Holdings in a report on Wednesday, August 31st. Raymond James Financial Inc. raised shares of United Continental Holdings from a “market perform” rating to an “outperform” rating and set a $65.00 price objective on the stock in a report on Tuesday, August 30th. Finally, Vetr upgraded shares of United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $56.33 target price for the company in a research report on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $63.05.
Shares of United Continental Holdings (NYSE:UAL) traded down 0.8006% during midday trading on Wednesday, reaching $53.0915. The company’s stock had a trading volume of 2,528,685 shares. The company’s 50-day moving average price is $51.23 and its 200-day moving average price is $48.34. The company has a market cap of $17.12 billion, a PE ratio of 2.9012 and a beta of 0.53. United Continental Holdings has a 12 month low of $37.41 and a 12 month high of $61.87.
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United Continental Holdings (NYSE:UAL) last posted its earnings results on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.17. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. The business earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.36 billion. During the same period in the previous year, the business earned $3.31 earnings per share.
A number of hedge funds have recently made changes to their positions in UAL. Strs Ohio boosted its stake in shares of United Continental Holdings by 8,368.8% in the second quarter. Strs Ohio now owns 569,526 shares of the company’s stock valued at $23,373,000 after buying an additional 562,801 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of United Continental Holdings by 3.4% in the first quarter. Legal & General Group Plc now owns 430,225 shares of the company’s stock valued at $25,757,000 after buying an additional 14,102 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of United Continental Holdings by 134.0% in the second quarter. Retirement Systems of Alabama now owns 421,643 shares of the company’s stock valued at $17,304,000 after buying an additional 241,462 shares in the last quarter. Convergence Investment Partners LLC boosted its stake in shares of United Continental Holdings by 12.0% in the second quarter. Convergence Investment Partners LLC now owns 66,921 shares of the company’s stock valued at $2,746,000 after buying an additional 7,193 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of United Continental Holdings during the second quarter valued at about $267,000. 93.39% of the stock is owned by institutional investors.
In related news, CFO Andrew C. Levy purchased 15,000 shares of United Continental Holdings stock in a transaction that occurred on Friday, September 2nd. The stock was purchased at an average price of $50.96 per share, for a total transaction of $764,400.00. Following the transaction, the chief financial officer now directly owns 20,791 shares in the company, valued at $1,059,509.36. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.39% 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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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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