United Continental Holdings Inc. (NYSE:UAL) is set to announce its earnings results after the market closes on Monday, October 17th. Analysts expect the company to announce earnings of $2.88 per share for the quarter.
United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.17. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. The firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.36 billion. During the same period in the prior year, the firm posted $3.31 earnings per share. On average, analysts expect United Continental Holdings to post $8.08 EPS for the current fiscal year and $6.52 EPS for the next fiscal year.
United Continental Holdings Inc. (NYSE:UAL) traded down 0.672% during midday trading on Friday, hitting $53.329. The stock had a trading volume of 4,835,698 shares. The stock has a market cap of $17.19 billion, a PE ratio of 2.914 and a beta of 0.53. The company’s 50 day moving average price is $51.56 and its 200-day moving average price is $48.41. United Continental Holdings Inc. has a 52-week low of $37.41 and a 52-week high of $61.87.
A number of brokerages have recently commented on UAL. Sanford C. Bernstein began coverage on United Continental Holdings in a report on Monday. They issued a “market perform” rating and a $55.00 target price for the company. Imperial Capital boosted their price objective on United Continental Holdings from $57.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday. Credit Suisse Group AG set a $47.00 price objective on United Continental Holdings and gave the company a “hold” rating in a report on Friday, October 7th. Cowen and Company restated an “outperform” rating and set a $60.00 price objective on shares of United Continental Holdings in a report on Wednesday, August 31st. Finally, Bank of America Corp. restated a “hold” rating and set a $52.00 price objective on shares of United Continental Holdings in a report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $63.05.
In other United Continental Holdings news, CFO Andrew C. Levy bought 15,000 shares of United Continental Holdings stock in a transaction that occurred on Friday, September 2nd. The shares were bought at an average cost of $50.96 per share, with a total value of $764,400.00. Following the transaction, the chief financial officer now directly owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.39% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Capital Management LLC raised its position in shares of United Continental Holdings by 9.3% in the second quarter. Janus Capital Management LLC now owns 11,044,991 shares of the company’s stock valued at $453,275,000 after buying an additional 935,246 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in United Continental Holdings by 887.2% in the second quarter. Thrivent Financial for Lutherans now owns 729,530 shares of the company’s stock valued at $29,940,000 after buying an additional 655,630 shares during the last quarter. Point72 Asset Management L.P. increased its stake in United Continental Holdings by 218.2% in the second quarter. Point72 Asset Management L.P. now owns 600,800 shares of the company’s stock valued at $24,657,000 after buying an additional 412,000 shares during the last quarter. BlackRock Group LTD increased its stake in United Continental Holdings by 9.1% in the second quarter. BlackRock Group LTD now owns 2,202,574 shares of the company’s stock valued at $90,392,000 after buying an additional 184,196 shares during the last quarter. Finally, NWI Management LP increased its stake in United Continental Holdings by 31.5% in the second quarter. NWI Management LP now owns 710,000 shares of the company’s stock valued at $29,138,000 after buying an additional 170,000 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.
About United Continental Holdings
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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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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