United Continental Holdings Inc Expected to Post FY2018 Earnings of $8.72 Per Share (UAL)

United Continental Holdings Inc (NYSE:UAL) – Research analysts at Imperial Capital reduced their FY2018 earnings per share (EPS) estimates for shares of United Continental in a report released on Wednesday, January 9th. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings per share of $8.72 for the year, down from their prior estimate of $9.00. Imperial Capital currently has a “Underperform” rating and a $73.00 target price on the stock. Imperial Capital also issued estimates for United Continental’s Q4 2018 earnings at $1.99 EPS, Q3 2019 earnings at $3.16 EPS, Q4 2019 earnings at $2.16 EPS, FY2019 earnings at $10.50 EPS and FY2020 earnings at $11.25 EPS.

United Continental (NYSE:UAL) last posted its quarterly earnings results on Tuesday, October 16th. The transportation company reported $3.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.01). The business had revenue of $11 billion for the quarter, compared to analysts’ expectations of $10.95 billion. During the same quarter in the prior year, the business earned $2.22 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis.

A number of other research firms have also commented on UAL. Susquehanna Bancshares began coverage on shares of United Continental in a research report on Wednesday, November 28th. They set a “neutral” rating and a $102.00 price target on the stock. Morgan Stanley raised their price objective on shares of United Continental from $95.00 to $102.00 and gave the company an “equal weight” rating in a report on Wednesday, November 14th. Goldman Sachs Group initiated coverage on shares of United Continental in a research note on Monday, November 12th. They issued a “neutral” rating and a $102.00 price objective for the company. Zacks Investment Research reiterated a “hold” rating on shares of United Continental in a research note on Saturday, November 17th. Finally, Credit Suisse Group initiated coverage on shares of United Continental in a research report on Monday, November 19th. They issued an “outperform” rating and a $113.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $99.47.

NYSE UAL opened at $81.37 on Friday. United Continental has a 1 year low of $60.44 and a 1 year high of $97.85.

In other United Continental news, Director Edward Shapiro acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The stock was bought at an average price of $92.92 per share, for a total transaction of $2,323,000.00. Following the acquisition, the director now directly owns 152,707 shares in the company, valued at $14,189,534.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in UAL. Primecap Management Co. CA grew its stake in United Continental by 0.3% during the 3rd quarter. Primecap Management Co. CA now owns 38,375,613 shares of the transportation company’s stock valued at $3,417,732,000 after purchasing an additional 110,624 shares during the last quarter. Vanguard Group Inc. increased its position in United Continental by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 20,044,520 shares of the transportation company’s stock valued at $1,785,164,000 after acquiring an additional 148,292 shares during the period. Vanguard Group Inc increased its position in United Continental by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 20,044,520 shares of the transportation company’s stock valued at $1,785,164,000 after acquiring an additional 148,292 shares during the period. Lansdowne Partners UK LLP boosted its holdings in United Continental by 44.7% in the 3rd quarter. Lansdowne Partners UK LLP now owns 5,223,705 shares of the transportation company’s stock valued at $465,222,000 after purchasing an additional 1,612,901 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in United Continental by 2.3% in the 3rd quarter. LSV Asset Management now owns 4,475,944 shares of the transportation company’s stock valued at $398,627,000 after purchasing an additional 101,955 shares in the last quarter. 95.21% of the stock is currently owned by institutional investors.

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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