$1.00 EPS Expected for United Continental Holdings Inc (UAL) This Quarter

Brokerages expect that United Continental Holdings Inc (NYSE:UAL) will post earnings of $1.00 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for United Continental’s earnings, with estimates ranging from $0.87 to $1.13. United Continental reported earnings per share of $1.78 during the same quarter last year, which suggests a negative year over year growth rate of 43.8%. The company is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, January 23rd.

According to Zacks, analysts expect that United Continental will report full year earnings of $6.36 per share for the current financial year, with EPS estimates ranging from $6.22 to $6.50. For the next year, analysts anticipate that the business will post earnings of $6.30 per share, with EPS estimates ranging from $5.70 to $7.35. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for United Continental.

United Continental (NYSE:UAL) last issued its quarterly earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.87 billion. United Continental had a net margin of 5.22% and a return on equity of 25.26%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.11 earnings per share.

A number of analysts have issued reports on UAL shares. Buckingham Research lowered shares of United Continental from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $49.28 to $59.80 in a research note on Monday, September 18th. Barclays reiterated a “buy” rating and set a $80.00 price target on shares of United Continental in a research note on Monday, September 25th. Citigroup boosted their price target on shares of United Continental from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Stifel Nicolaus reiterated a “buy” rating and set a $110.00 price target on shares of United Continental in a research note on Wednesday, September 20th. Finally, Cowen reiterated a “market perform” rating and set a $70.00 price target (up from $63.00) on shares of United Continental in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $79.47.

Shares of United Continental (NYSE:UAL) traded up $0.10 during trading hours on Wednesday, reaching $69.36. 2,668,948 shares of the company’s stock were exchanged, compared to its average volume of 3,470,413. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.53. The stock has a market capitalization of $20,518.44, a price-to-earnings ratio of 10.94, a PEG ratio of 1.79 and a beta of 1.05. United Continental has a one year low of $56.51 and a one year high of $83.04.

United Continental announced that its board has authorized a share buyback program on Thursday, December 7th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

In other news, Director Robert A. Milton bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were purchased at an average cost of $58.60 per share, for a total transaction of $58,600.00. Following the completion of the purchase, the director now owns 6,176 shares of the company’s stock, valued at $361,913.60. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its holdings in United Continental by 30,735.3% in the second quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock valued at $523,519,000 after purchasing an additional 6,934,500 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in United Continental in the third quarter valued at approximately $121,305,000. Vanguard Group Inc. boosted its holdings in United Continental by 4.3% in the second quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock valued at $1,708,664,000 after purchasing an additional 930,321 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in United Continental by 33.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock valued at $160,585,000 after purchasing an additional 656,990 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in United Continental by 113.5% in the second quarter. Parametric Portfolio Associates LLC now owns 1,144,832 shares of the transportation company’s stock valued at $86,149,000 after purchasing an additional 608,570 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

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

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