Wall Street brokerages expect United Continental Holdings Inc (NYSE:UAL) to announce $1.86 earnings per share for the current quarter, according to Zacks Investment Research. Sixteen analysts have made estimates for United Continental’s earnings, with the highest EPS estimate coming in at $2.34 and the lowest estimate coming in at $1.66. United Continental reported earnings of $1.40 per share during the same quarter last year, which would indicate a positive year over year growth rate of 32.9%. The firm is expected to announce its next quarterly earnings report on Tuesday, January 22nd.
According to Zacks, analysts expect that United Continental will report full-year earnings of $8.60 per share for the current year, with EPS estimates ranging from $8.39 to $9.07. For the next year, analysts expect that the firm will report earnings of $10.06 per share, with EPS estimates ranging from $9.00 to $11.86. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover United Continental.
United Continental (NYSE:UAL) last released its earnings results on Tuesday, October 16th. The transportation company reported $3.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.01). The business had revenue of $11 billion during the quarter, compared to the consensus estimate of $10.95 billion. During the same quarter in the previous year, the business posted $2.22 earnings per share. United Continental’s quarterly revenue was up 11.2% on a year-over-year basis.
UAL has been the subject of a number of recent research reports. Imperial Capital boosted their price objective on shares of United Continental from $91.00 to $101.00 and gave the company an “inline” rating in a research report on Thursday, October 18th. Zacks Investment Research raised shares of United Continental from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Monday, October 1st. Buckingham Research boosted their price objective on shares of United Continental from $101.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Macquarie set a $91.00 price objective on shares of United Continental and gave the company a “hold” rating in a research report on Monday, October 8th. Finally, Bank of America boosted their price objective on shares of United Continental from $94.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $103.75.
Shares of NYSE UAL traded down $4.80 during midday trading on Friday, hitting $88.23. 4,972,022 shares of the company’s stock were exchanged, compared to its average volume of 3,777,262. United Continental has a 12 month low of $60.44 and a 12 month high of $97.85.
In related news, Director Edward Shapiro bought 30,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average price of $92.57 per share, for a total transaction of $2,777,100.00. Following the completion of the transaction, the director now directly owns 152,707 shares in the company, valued at $14,136,086.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.32% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Belpointe Asset Management LLC acquired a new position in United Continental during the third quarter worth about $503,000. Vanguard Group Inc. boosted its position in United Continental by 0.7% during the third quarter. Vanguard Group Inc. now owns 20,044,520 shares of the transportation company’s stock worth $1,785,164,000 after acquiring an additional 148,292 shares during the last quarter. Legal & General Group Plc boosted its position in United Continental by 1.6% during the third quarter. Legal & General Group Plc now owns 423,210 shares of the transportation company’s stock worth $37,691,000 after acquiring an additional 6,830 shares during the last quarter. Kepos Capital LP acquired a new position in United Continental during the third quarter worth about $6,553,000. Finally, Standard Life Aberdeen plc boosted its position in United Continental by 9.9% during the third quarter. Standard Life Aberdeen plc now owns 71,542 shares of the transportation company’s stock worth $6,372,000 after acquiring an additional 6,422 shares during the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.
United Continental Company Profile
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
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