Brokerages Expect United Continental Holdings, Inc. (UAL) to Announce $2.23 EPS
Wall Street brokerages forecast that United Continental Holdings, Inc. (NYSE:UAL) will report earnings of $2.23 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for United Continental Holdings’ earnings. The lowest EPS estimate is $2.03 and the highest is $2.38. United Continental Holdings posted earnings per share of $2.61 in the same quarter last year, which suggests a negative year-over-year growth rate of 14.6%. The company is expected to report its next quarterly earnings report on Tuesday, July 18th.
On average, analysts expect that United Continental Holdings will report full-year earnings of $7.26 per share for the current year, with EPS estimates ranging from $6.80 to $7.86. For the next year, analysts anticipate that the business will post earnings of $8.47 per share, with EPS estimates ranging from $7.35 to $9.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for United Continental Holdings.
United Continental Holdings (NYSE:UAL) last released its earnings results on Monday, April 17th. The transportation company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. United Continental Holdings had a return on equity of 30.61% and a net margin of 5.56%. The firm had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $8.38 billion. During the same period in the prior year, the firm earned $1.23 EPS. The firm’s revenue was up 2.7% on a year-over-year basis.
A number of research firms have weighed in on UAL. ValuEngine raised shares of United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Atlantic Securities began coverage on shares of United Continental Holdings in a research note on Tuesday. They set an “overweight” rating and a $100.00 price target on the stock. Zacks Investment Research raised shares of United Continental Holdings from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Tuesday. Imperial Capital reaffirmed an “in-line” rating and set a $75.00 price target on shares of United Continental Holdings in a research note on Friday, May 19th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $59.00 price target on shares of United Continental Holdings in a research note on Friday, March 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $71.89.
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United Continental Holdings (NYSE:UAL) traded down 0.18% during trading on Friday, hitting $77.31. The company had a trading volume of 574,076 shares. The firm’s 50 day moving average is $78.27 and its 200-day moving average is $73.70. The stock has a market capitalization of $23.94 billion, a price-to-earnings ratio of 12.09 and a beta of 0.98. United Continental Holdings has a 52-week low of $37.41 and a 52-week high of $83.04.
In related news, EVP Michael P. Bonds sold 9,971 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $78.86, for a total transaction of $786,313.06. Following the completion of the sale, the executive vice president now directly owns 8,716 shares of the company’s stock, valued at approximately $687,343.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gregory L. Hart sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $76.83, for a total transaction of $230,490.00. Following the sale, the executive vice president now directly owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new stake in United Continental Holdings during the first quarter worth $122,000. FNY Partners Fund LP raised its stake in United Continental Holdings by 2,073.9% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock worth $141,000 after buying an additional 1,908 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in United Continental Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock worth $147,000 after buying an additional 976 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in United Continental Holdings during the fourth quarter worth $167,000. Finally, IFP Advisors Inc raised its stake in United Continental Holdings by 15.6% in the first quarter. IFP Advisors Inc now owns 2,687 shares of the transportation company’s stock worth $190,000 after buying an additional 363 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.
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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