FY2017 EPS Estimates for United Continental Holdings Inc (NYSE:UAL) Raised by Analyst

United Continental Holdings Inc (NYSE:UAL) – Equities research analysts at Imperial Capital upped their FY2017 earnings per share (EPS) estimates for United Continental in a research note issued on Thursday, Zacks Investment Research reports. Imperial Capital analyst M. Derchin now expects that the transportation company will earn $6.71 per share for the year, up from their previous estimate of $6.50. Imperial Capital currently has a “line” rating and a $74.00 target price on the stock. Imperial Capital also issued estimates for United Continental’s Q2 2018 earnings at $2.52 EPS, Q3 2018 earnings at $2.29 EPS and FY2018 earnings at $6.71 EPS.

A number of other brokerages have also recently weighed in on UAL. Sanford C. Bernstein reissued an “outperform” rating on shares of United Continental in a report on Wednesday, January 24th. Bank of America raised their price objective on United Continental from $80.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Citigroup raised their price objective on United Continental from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. ValuEngine cut United Continental from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Cowen reissued a “market perform” rating and set a $70.00 price objective (up from $63.00) on shares of United Continental in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $83.47.

Shares of United Continental (NYSE:UAL) traded down $1.47 during midday trading on Friday, hitting $65.68. The company had a trading volume of 4,178,276 shares, compared to its average volume of 5,540,000. The stock has a market cap of $19,460.00, a PE ratio of 9.29 and a beta of 1.02. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37. United Continental has a 52 week low of $56.51 and a 52 week high of $83.04.

United Continental (NYSE:UAL) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.45. The company had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.41 billion. United Continental had a return on equity of 23.43% and a net margin of 5.65%. United Continental’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $1.78 EPS.

United Continental declared that its board has initiated a stock buyback plan on Thursday, December 7th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its stake in shares of United Continental by 7.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 20,957 shares of the transportation company’s stock valued at $1,413,000 after buying an additional 1,486 shares during the period. Rockefeller Financial Services Inc. increased its stake in shares of United Continental by 31.2% during the fourth quarter. Rockefeller Financial Services Inc. now owns 1,210,515 shares of the transportation company’s stock valued at $81,589,000 after buying an additional 287,842 shares during the period. Victory Capital Management Inc. increased its stake in shares of United Continental by 9.3% during the fourth quarter. Victory Capital Management Inc. now owns 27,580 shares of the transportation company’s stock valued at $1,859,000 after buying an additional 2,353 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in shares of United Continental during the fourth quarter valued at approximately $568,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of United Continental by 289.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,487 shares of the transportation company’s stock valued at $437,000 after buying an additional 4,820 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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