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 issued its quarterly earnings data on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.44 by $0.17. The firm earned $9.40 billion during the quarter, compared to the consensus estimate of $9.36 billion. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. During the same period in the prior year, the business 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.
Shares of United Continental Holdings Inc. (NYSE:UAL) traded down 0.91% during mid-day trading on Friday, hitting $53.20. The stock had a trading volume of 4,664,325 shares. The stock’s 50-day moving average price is $51.56 and its 200-day moving average price is $48.41. The firm has a market cap of $17.15 billion, a PE ratio of 2.91 and a beta of 0.53. United Continental Holdings Inc. has a 52-week low of $37.41 and a 52-week high of $61.87.
A number of research analysts recently issued reports on UAL shares. Zacks Investment Research downgraded United Continental Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, June 16th. Credit Suisse Group AG restated an “underweight” rating on shares of United Continental Holdings in a report on Saturday, June 25th. Deutsche Bank AG upgraded United Continental Holdings from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Tuesday, July 12th. Bank of America Corp. restated a “hold” rating and set a $52.00 price target on shares of United Continental Holdings in a report on Wednesday, July 20th. Finally, Standpoint Research restated a “buy” rating on shares of United Continental Holdings in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.05.
In related news, CFO Andrew C. Levy bought 15,000 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was acquired at an average cost of $50.96 per share, for a total transaction of $764,400.00. Following the purchase, the chief financial officer now owns 20,791 shares in the company, valued at $1,059,509.36. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.39% of the company’s stock.
A number of large investors have recently made changes to their positions in UAL. Point72 Asia Hong Kong Ltd bought a new stake in shares of United Continental Holdings during the second quarter worth $107,000. Advisor Group Inc. bought a new stake in shares of United Continental Holdings during the second quarter worth $176,000. BOKF NA bought a new stake in shares of United Continental Holdings during the second quarter worth $245,000. Pacer Advisors Inc. raised its stake in shares of United Continental Holdings by 2.1% in the second quarter. Pacer Advisors Inc. now owns 6,372 shares of the company’s stock worth $262,000 after buying an additional 134 shares in the last quarter. Finally, Bank of Nova Scotia raised its stake in shares of United Continental Holdings by 0.3% in the second quarter. Bank of Nova Scotia now owns 7,000 shares of the company’s stock worth $287,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.
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 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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