Zacks: Brokerages Anticipate United Continental Holdings Inc (UAL) to Post $1.34 EPS

Wall Street brokerages predict that United Continental Holdings Inc (NYSE:UAL) will post $1.34 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for United Continental’s earnings, with the lowest EPS estimate coming in at $1.29 and the highest estimate coming in at $1.40. United Continental reported earnings of $1.78 per share in the same quarter last year, which would indicate a negative year over year growth rate of 24.7%. The company is expected to announce its next earnings results after the market closes on Tuesday, January 23rd.

According to Zacks, analysts expect that United Continental will report full year earnings of $6.71 per share for the current financial year, with EPS estimates ranging from $6.64 to $6.78. For the next year, analysts expect that the company will report earnings of $6.63 per share, with EPS estimates ranging from $5.81 to $7.50. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for United Continental.

United Continental (NYSE:UAL) last announced its quarterly earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) 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 the consensus estimate of $9.87 billion. United Continental had a net margin of 5.22% and a return on equity of 25.26%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.11 EPS.

A number of analysts have recently issued reports on the stock. Imperial Capital reaffirmed an “in-line” rating and set a $74.00 price target (up previously from $64.00) on shares of United Continental in a report on Thursday, January 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $130.00 price target (up previously from $100.00) on shares of United Continental in a report on Wednesday, January 10th. Citigroup raised shares of United Continental from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Wednesday, January 10th. Cowen reaffirmed a “market perform” rating and set a $70.00 price target (up previously from $63.00) on shares of United Continental in a report on Thursday, October 12th. Finally, Bank of America reaffirmed a “buy” rating and set a $84.00 price target (down previously from $85.00) on shares of United Continental in a report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $81.69.

In other United Continental news, Director Robert A. Milton acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were bought at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Exane Derivatives raised its stake in United Continental by 373.7% during the 3rd quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock worth $113,000 after acquiring an additional 1,461 shares during the period. Sun Life Financial INC raised its stake in United Continental by 18,645.5% during the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after acquiring an additional 2,051 shares during the period. Institute for Wealth Management LLC. bought a new stake in United Continental during the 2nd quarter worth approximately $208,000. Zeke Capital Advisors LLC bought a new stake in United Continental during the 3rd quarter worth approximately $230,000. Finally, Americafirst Capital Management LLC raised its stake in United Continental by 299.4% during the 3rd quarter. Americafirst Capital Management LLC now owns 4,270 shares of the transportation company’s stock worth $260,000 after acquiring an additional 3,201 shares during the period. Institutional investors own 95.70% of the company’s stock.

Shares of United Continental (NYSE:UAL) traded up $0.20 during midday trading on Friday, hitting $76.50. 3,964,510 shares of the stock were exchanged, compared to its average volume of 4,383,562. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. The stock has a market cap of $22,660.00, a P/E ratio of 11.07 and a beta of 1.05. United Continental has a 12-month low of $56.51 and a 12-month high of $83.04.

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

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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.

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

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