Q1 2018 EPS Estimates for United Continental Holdings, Inc. Cut by Analyst (UAL)

United Continental Holdings, Inc. (NYSE:UAL) – Equities research analysts at Imperial Capital cut their Q1 2018 EPS estimates for shares of United Continental in a note issued to investors on Wednesday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will earn $0.13 per share for the quarter, down from their previous estimate of $0.20. Imperial Capital has a “In-Line” rating and a $64.00 price objective on the stock. Imperial Capital also issued estimates for United Continental’s Q3 2018 earnings at $2.40 EPS.

United Continental (NYSE:UAL) last released its earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. United Continental had a net margin of 5.22% and a return on equity of 25.26%. The company had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.87 billion. During the same quarter last year, the business earned $3.11 EPS. The firm’s revenue was down .4% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the stock. Raymond James Financial restated a “market perform” rating on shares of United Continental in a research note on Wednesday, September 20th. Zacks Investment Research cut shares of United Continental from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Citigroup restated a “neutral” rating and set a $68.00 target price (down previously from $85.00) on shares of United Continental in a research note on Thursday, September 7th. J P Morgan Chase & Co cut shares of United Continental from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $84.00 to $68.00 in a research note on Friday, September 15th. Finally, Morgan Stanley decreased their target price on shares of United Continental from $79.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. United Continental presently has an average rating of “Hold” and an average price target of $78.29.

United Continental (NYSE UAL) traded down $0.33 during midday trading on Thursday, reaching $63.03. 3,727,200 shares of the company’s stock were exchanged, compared to its average volume of 4,361,491. United Continental has a 12 month low of $56.51 and a 12 month high of $83.04. The company has a market cap of $18,670.00, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60.

United Continental declared that its board has authorized a share repurchase plan on Thursday, December 7th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

In other United Continental news, Director Robert A. Milton bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was purchased at an average cost of $58.60 per share, with a total value of $58,600.00. Following the completion of the acquisition, the director now owns 6,176 shares in the company, valued at approximately $361,913.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edward Shapiro bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average cost of $59.87 per share, with a total value of $898,050.00. Following the completion of the acquisition, the director now owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Hosking Partners LLP grew its holdings in shares of United Continental by 1.6% in the second quarter. Hosking Partners LLP now owns 486,710 shares of the transportation company’s stock valued at $36,625,000 after purchasing an additional 7,737 shares in the last quarter. Pacad Investment Ltd. purchased a new position in shares of United Continental in the second quarter valued at $3,306,000. Sciencast Management LP purchased a new position in shares of United Continental in the second quarter valued at $1,822,000. First Dallas Securities Inc. purchased a new position in shares of United Continental in the third quarter valued at $504,000. Finally, Thrivent Financial For Lutherans grew its holdings in shares of United Continental by 1.6% in the second quarter. Thrivent Financial For Lutherans now owns 1,147,310 shares of the transportation company’s stock valued at $86,335,000 after purchasing an additional 18,310 shares in the last quarter. 95.92% of the stock is owned by hedge funds and other institutional investors.

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United Continental 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.

Earnings History and Estimates for United Continental (NYSE:UAL)

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