Zacks: Brokerages Anticipate United Continental Holdings (UAL) to Post $3.06 Earnings Per Share

Equities research analysts expect United Continental Holdings (NYSE:UAL) to announce earnings of $3.06 per share for the current quarter, according to Zacks. Five analysts have provided estimates for United Continental’s earnings. The lowest EPS estimate is $2.90 and the highest is $3.24. United Continental reported earnings of $2.75 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The business is expected to issue 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 year, with EPS estimates ranging from $7.00 to $8.38. For the next year, analysts expect that the company will post earnings of $9.38 per share, with EPS estimates ranging from $8.74 to $11.55. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow United Continental.

United Continental (NYSE:UAL) last issued its earnings results on Tuesday, April 17th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.03 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter last year, the business earned $0.31 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year.

A number of equities analysts have issued reports on UAL shares. Bank of America set a $83.00 target price on United Continental and gave the stock a “buy” rating in a report on Tuesday, March 6th. ValuEngine cut United Continental from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley raised their target price on United Continental from $68.00 to $71.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Sanford C. Bernstein upgraded United Continental from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research upgraded United Continental from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $85.94.

Shares of United Continental opened at $68.42 on Friday, according to MarketBeat.com. The company has a current ratio of 0.58, a quick ratio of 0.52 and a debt-to-equity ratio of 1.58. United Continental has a 1 year low of $56.51 and a 1 year high of $83.04. The stock has a market cap of $19.34 billion, a price-to-earnings ratio of 10.12 and a beta of 0.88.

In other news, Director Edward Shapiro bought 25,000 shares of the company’s stock in a transaction that occurred 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 owns 37,707 shares in the company, valued at $2,663,999.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Gregory L. Hart sold 4,000 shares of United Continental stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of $70.62, for a total value of $282,480.00. Following the completion of the sale, the chief operating officer now directly owns 24,279 shares in the company, valued at approximately $1,714,582.98. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Caxton Associates LP raised its position in United Continental by 3,471.4% in the 4th quarter. Caxton Associates LP now owns 250,000 shares of the transportation company’s stock valued at $16,850,000 after buying an additional 243,000 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of United Continental by 46.0% during the 4th quarter. Teacher Retirement System of Texas now owns 350,708 shares of the transportation company’s stock worth $23,638,000 after purchasing an additional 110,451 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of United Continental by 9.7% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 31,774 shares of the transportation company’s stock worth $2,142,000 after purchasing an additional 2,804 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of United Continental by 7.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 20,957 shares of the transportation company’s stock worth $1,413,000 after purchasing an additional 1,486 shares during the last quarter. Finally, Wealthstreet Investment Advisors LLC acquired a new position in shares of United Continental during the 4th quarter worth approximately $236,000. 97.92% of the stock is currently owned by institutional investors and hedge funds.

About United Continental

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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