United Continental Holdings Inc (NYSE:UAL) – Imperial Capital raised their FY2017 EPS estimates for United Continental in a report issued on Thursday. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings per share of $6.71 for the year, up from their prior estimate of $6.50. Imperial Capital has a “line” rating and a $74.00 price target on the stock. Imperial Capital also issued estimates for United Continental’s Q2 2018 earnings at $2.52 EPS, Q3 2018 earnings at $2.29 EPS and FY2018 earnings at $6.71 EPS.

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

Several other research analysts also recently commented on the stock. Citigroup lifted their target price on shares of United Continental from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Bank of America reiterated a “buy” rating and issued a $84.00 target price (down previously from $85.00) on shares of United Continental in a report on Tuesday, October 10th. Evercore ISI upgraded shares of United Continental from an “in-line” rating to an “outperform” rating and set a $68.00 target price on the stock in a report on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 target price (down previously from $110.00) on shares of United Continental in a report on Friday, October 20th. Finally, JPMorgan Chase & Co. downgraded shares of United Continental from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $68.00 to $60.00 in a report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. United Continental currently has an average rating of “Hold” and a consensus price target of $81.69.

United Continental (UAL) opened at $78.40 on Friday. The company has a market cap of $23,230.00, a price-to-earnings ratio of 11.35, a P/E/G ratio of 1.82 and a beta of 1.05. United Continental has a twelve month low of $56.51 and a twelve month high of $83.04. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of United Continental by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock valued at $1,708,664,000 after acquiring an additional 930,321 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of United Continental by 30,735.3% during the 2nd quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock valued at $523,519,000 after acquiring an additional 6,934,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of United Continental by 8.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,431,983 shares of the transportation company’s stock valued at $208,949,000 after acquiring an additional 269,219 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of United Continental by 33.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock valued at $160,585,000 after acquiring an additional 656,990 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of United Continental by 11.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,186,098 shares of the transportation company’s stock valued at $133,088,000 after acquiring an additional 222,636 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

In related news, Director Robert A. Milton acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were bought at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the acquisition, the director now owns 6,176 shares in the company, valued at approximately $361,913.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

United Continental announced that its Board of Directors has authorized a stock repurchase plan on Thursday, December 7th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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About United Continental

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.

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

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