United Continental Holdings, Inc. (UAL) Releases Earnings Results, Beats Expectations By $0.10 EPS
United Continental Holdings, Inc. (NYSE:UAL) announced its quarterly earnings data on Monday. The transportation company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.10, Bloomberg Earnings reports. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.87 billion. During the same quarter in the prior year, the firm earned $3.11 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year.
United Continental Holdings (NYSE UAL) traded up 0.71% during trading on Wednesday, hitting $67.99. 5,309,263 shares of the stock were exchanged. United Continental Holdings has a 12-month low of $52.21 and a 12-month high of $83.04. The firm has a market capitalization of $20.68 billion, a PE ratio of 9.39 and a beta of 1.05. The stock has a 50 day moving average price of $62.21 and a 200-day moving average price of $70.57.
In related news, Director Edward Shapiro acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $59.87 per share, with a total value of $898,050.00. Following the transaction, the director now owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company’s stock.
A number of equities research analysts have recently commented on UAL shares. Atlantic Securities started coverage on United Continental Holdings in a research report on Tuesday, June 20th. They set an “overweight” rating and a $100.00 price objective for the company. Bank of America Corporation cut their price objective on United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, June 30th. BidaskClub downgraded United Continental Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Cowen and Company increased their price objective on United Continental Holdings from $75.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, July 12th. Finally, UBS AG increased their price objective on United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $80.61.
United Continental Holdings Company Profile
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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