United Continental Holdings, Inc. (NYSE:UAL) – Equities researchers at Imperial Capital boosted their FY2017 earnings per share estimates for United Continental in a research report issued on Wednesday. Imperial Capital analyst M. Derchin now anticipates that the transportation company will earn $6.50 per share for the year, up from their previous forecast of $6.30. 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 Q4 2017 earnings at $1.13 EPS, Q2 2018 earnings at $2.56 EPS, Q4 2018 earnings at $1.35 EPS and FY2018 earnings at $6.40 EPS.

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

A number of other brokerages have also recently weighed in on UAL. Citigroup lifted their price target on shares of United Continental from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Cowen reaffirmed a “market perform” rating and set a $70.00 price target (up from $63.00) on shares of United Continental in a research report on Thursday, October 12th. Morgan Stanley reduced their price target on shares of United Continental from $79.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Wolfe Research raised shares of United Continental to an “outperform” rating and reduced their price target for the company from $97.00 to $95.00 in a research report on Sunday, August 20th. Finally, Zacks Investment Research cut shares of United Continental from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $78.29.

United Continental (NYSE:UAL) opened at $63.13 on Friday. The firm has a market cap of $18,672.79, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 1.62 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 has a 12-month low of $56.51 and a 12-month high of $83.04.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of United Continental by 4.3% in the second quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock worth $1,708,664,000 after buying an additional 930,321 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of United Continental by 30,735.3% in the second quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock worth $523,519,000 after buying an additional 6,934,500 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of United Continental by 8.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,431,983 shares of the transportation company’s stock worth $208,949,000 after buying an additional 269,219 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of United Continental by 33.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock worth $160,585,000 after buying an additional 656,990 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of United Continental by 11.3% in the third quarter. Ameriprise Financial Inc. now owns 2,186,098 shares of the transportation company’s stock worth $133,088,000 after buying an additional 222,636 shares during the last quarter. Institutional investors and hedge funds own 95.92% of the company’s stock.

In related news, Director Robert A. Milton purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was acquired at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the completion of the purchase, the director now owns 6,176 shares in the company, valued at $361,913.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by insiders.

United Continental announced that its Board of Directors has initiated a share repurchase program on Thursday, December 7th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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About United Continental

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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