$3.06 EPS Expected for United Continental Holdings (UAL) This Quarter

Brokerages expect United Continental Holdings (NYSE:UAL) to announce earnings of $3.06 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for United Continental’s earnings, with estimates ranging from $2.90 to $3.24. United Continental reported earnings per share of $2.75 in the same quarter last year, which would indicate a positive year over year growth rate of 11.3%. The business is expected to report its next quarterly earnings results on Tuesday, July 17th.

On average, analysts expect that United Continental will report full year earnings of $7.89 per share for the current financial year, with EPS estimates ranging from $7.00 to $8.38. For the next fiscal year, analysts expect that the business will post earnings of $9.38 per share, with EPS estimates ranging from $8.74 to $11.55. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover United Continental.

United Continental (NYSE:UAL) last issued its quarterly earnings results on Tuesday, April 17th. The transportation company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.43. United Continental had a return on equity of 23.63% and a net margin of 5.69%. The business had revenue of $9.03 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same period in the previous year, the business earned $0.31 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis.

A number of equities research analysts have recently weighed in on UAL shares. Morgan Stanley boosted their price target on United Continental from $68.00 to $71.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Buckingham Research boosted their price target on United Continental from $83.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Bank of America boosted their price target on United Continental from $80.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Evercore ISI downgraded United Continental from an “outperform” rating to an “in-line” rating in a report on Wednesday, January 24th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of United Continental in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $85.94.

In other United Continental news, COO Gregory L. Hart sold 4,000 shares of the business’s stock in a transaction on Thursday, April 19th. The stock was sold at an average price of $70.62, for a total transaction of $282,480.00. Following the completion of the transaction, the chief operating officer now owns 24,279 shares in the company, valued at approximately $1,714,582.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward Shapiro purchased 25,000 shares of United Continental stock in a transaction on Thursday, March 15th. The shares were acquired at an average price of $70.65 per share, with a total value of $1,766,250.00. Following the transaction, the director now directly owns 37,707 shares in the company, valued at approximately $2,663,999.55. The disclosure for this purchase can be found here. Insiders own 0.32% of the company’s stock.

A number of hedge funds have recently made changes to their positions in UAL. Bank of Montreal Can boosted its position in United Continental by 83.9% during the 4th quarter. Bank of Montreal Can now owns 137,736 shares of the transportation company’s stock worth $9,283,000 after acquiring an additional 62,851 shares during the period. Oakbrook Investments LLC acquired a new position in United Continental during the 4th quarter worth $684,000. State of Alaska Department of Revenue boosted its position in United Continental by 78.7% during the 4th quarter. State of Alaska Department of Revenue now owns 32,821 shares of the transportation company’s stock worth $2,210,000 after acquiring an additional 14,450 shares during the period. Tillar Wenstrup Advisors LLC boosted its position in United Continental by 97.9% during the 4th quarter. Tillar Wenstrup Advisors LLC now owns 32,305 shares of the transportation company’s stock worth $2,177,000 after acquiring an additional 15,981 shares during the period. Finally, Strs Ohio boosted its position in United Continental by 27.8% during the 4th quarter. Strs Ohio now owns 894,910 shares of the transportation company’s stock worth $60,316,000 after acquiring an additional 194,610 shares during the period. Institutional investors own 96.64% of the company’s stock.

Shares of United Continental opened at $70.07 on Friday, according to MarketBeat.com. United Continental has a twelve month low of $56.51 and a twelve month high of $83.04. The company has a quick ratio of 0.52, a current ratio of 0.58 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $18.97 billion, a PE ratio of 10.37 and a beta of 0.88.

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

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