United Continental Holdings, Inc. (NYSE:UAL) announced its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.10, Bloomberg Earnings reports. United Continental Holdings had a return on equity of 25.26% and a net margin of 5.22%. The company had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.87 billion. During the same period last year, the business posted $3.11 EPS. The company’s revenue was down .4% on a year-over-year basis.
United Continental Holdings (NYSE:UAL) traded up 0.50% during trading on Friday, hitting $60.25. The stock had a trading volume of 4,894,518 shares. United Continental Holdings has a 1-year low of $53.59 and a 1-year high of $83.04. The firm’s 50-day moving average price is $61.90 and its 200-day moving average price is $70.18. The stock has a market cap of $18.33 billion, a PE ratio of 8.33 and a beta of 1.05.
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In related news, Director Robert A. Milton purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were acquired at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the purchase, the director now owns 6,176 shares in the company, valued at $361,913.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Shapiro purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the purchase, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by corporate insiders.
UAL has been the topic of a number of analyst reports. Bank of America Corporation decreased their price target on United Continental Holdings from $105.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, June 30th. BidaskClub downgraded United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Cowen and Company lifted their price target on United Continental Holdings from $75.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, July 12th. UBS AG lifted their price target on United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. lifted their price target on United Continental Holdings from $78.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $78.07.
United Continental Holdings 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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