United Continental Holdings Inc. (UAL) Forecasted to Earn FY2019 Earnings of $0.94 Per Share
United Continental Holdings Inc. (NYSE:UAL) – Imperial Capital dropped their FY2019 earnings per share (EPS) estimates for shares of United Continental Holdings in a note issued to investors on Tuesday. Imperial Capital analyst M. Derchin now expects that the firm will post earnings per share of $0.94 for the year, down from their prior forecast of $1.66. Imperial Capital currently has a “Outperform” rating and a $63.00 target price on the stock.
A number of other analysts have also recently commented on UAL. 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 research report on Tuesday, September 13th. JPMorgan Chase & Co. lowered their price objective on shares of United Continental Holdings from $72.00 to $61.50 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. Morgan Stanley restated an “overweight” rating on shares of United Continental Holdings in a research report on Wednesday, June 15th. Standpoint Research assumed coverage on shares of United Continental Holdings in a research report on Thursday, August 25th. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Bank of America Corp. restated a “hold” rating and issued a $52.00 price objective on shares of United Continental Holdings in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. United Continental Holdings currently has an average rating of “Buy” and a consensus price target of $63.05.
United Continental Holdings (NYSE:UAL) traded up 1.53% during mid-day trading on Thursday, reaching $53.69. The company had a trading volume of 8,065,385 shares. The stock has a market cap of $17.31 billion, a PE ratio of 2.93 and a beta of 0.53. The firm’s 50-day moving average price is $51.38 and its 200-day moving average price is $48.37. 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 released its quarterly earnings data on Tuesday, July 19th. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.17. The firm earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.36 billion. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. During the same quarter last year, the firm earned $3.31 earnings per share.
In related news, CFO Andrew C. Levy purchased 15,000 shares of the stock in a transaction on Friday, September 2nd. The shares were purchased at an average cost of $50.96 per share, with a total value of $764,400.00. Following the acquisition, 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 legal filing with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock valued at $105,000 after buying an additional 418 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in United Continental Holdings during the second quarter valued at $107,000. Northwestern Mutual Wealth Management Co. boosted its position in United Continental Holdings by 92.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,546 shares of the company’s stock valued at $145,000 after buying an additional 1,700 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in United Continental Holdings by 302.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,182 shares of the company’s stock valued at $172,000 after buying an additional 3,144 shares in the last quarter. Finally, Advisor Group Inc. bought a new position in United Continental Holdings during the second quarter valued at $176,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
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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