Analysts Expect United Continental Holdings Inc (NASDAQ:UAL) Will Announce Earnings of $4.04 Per Share

Analysts expect United Continental Holdings Inc (NASDAQ:UAL) to announce earnings per share (EPS) of $4.04 for the current fiscal quarter, according to Zacks Investment Research. Nineteen analysts have issued estimates for United Continental’s earnings, with estimates ranging from $3.26 to $4.67. United Continental posted earnings per share of $3.23 during the same quarter last year, which would indicate a positive year over year growth rate of 25.1%. The firm is expected to report its next quarterly earnings report on Tuesday, July 16th.

On average, analysts expect that United Continental will report full year earnings of $11.14 per share for the current fiscal year, with EPS estimates ranging from $10.62 to $11.80. For the next fiscal year, analysts forecast that the firm will report earnings of $12.16 per share, with EPS estimates ranging from $11.00 to $13.25. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover United Continental.

United Continental (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.21. The company had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.62 billion. United Continental had a return on equity of 28.41% and a net margin of 5.43%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 earnings per share.

A number of equities analysts recently commented on the company. BidaskClub raised United Continental from a “sell” rating to a “hold” rating in a research note on Friday. Goldman Sachs Group raised United Continental from a “neutral” rating to a “buy” rating and set a $108.00 price objective on the stock in a research note on Thursday, June 6th. Morgan Stanley raised United Continental from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $101.00 to $110.00 in a research note on Monday, May 20th. Imperial Capital reaffirmed an “underperform” rating and issued a $81.00 price objective (up from $78.00) on shares of United Continental in a research note on Thursday, April 18th. Finally, Cowen reaffirmed a “market perform” rating and issued a $99.00 price objective (up from $97.00) on shares of United Continental in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $102.24.

In other United Continental news, COO Gregory L. Hart sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $89.66, for a total value of $448,300.00. Following the transaction, the chief operating officer now directly owns 22,087 shares of the company’s stock, valued at $1,980,320.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Castle Rock Wealth Management LLC acquired a new position in United Continental in the first quarter valued at approximately $15,876,000. Pinnacle Financial Partners Inc. acquired a new position in shares of United Continental during the first quarter worth approximately $25,000. Kore Private Wealth LLC acquired a new position in shares of United Continental during the first quarter worth approximately $26,000. Stone House Investment Management LLC acquired a new position in shares of United Continental during the first quarter worth approximately $30,000. Finally, Cresset Asset Management LLC acquired a new position in shares of United Continental during the first quarter worth approximately $65,000. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:UAL traded up $0.01 during midday trading on Friday, hitting $87.12. 1,645,586 shares of the stock were exchanged, compared to its average volume of 2,212,768. The stock has a market cap of $22.92 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.37 and a beta of 1.06. The company has a current ratio of 0.50, a quick ratio of 0.43 and a debt-to-equity ratio of 1.85. United Continental has a 12 month low of $67.94 and a 12 month high of $97.85.

About United Continental

United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.

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