Todays Report: Today, Imperial Capital Weighs in on United Continental Holdings Inc.’s Q1 2017 Earnings (UAL)

Today, Imperial Capital Weighs in on United Continental Holdings Inc.’s Q1 2017 Earnings (UAL)

United Continental Holdings Inc. (NYSE:UAL) – Equities research analysts at Imperial Capital lowered their Q1 2017 EPS estimates for United Continental Holdings in a report issued on Tuesday. Imperial Capital analyst M. Derchin now forecasts that the brokerage will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.37. Imperial Capital has a “In-Line” rating and a $76.00 price objective on the stock. Imperial Capital also issued estimates for United Continental Holdings’ Q2 2017 earnings at $1.89 EPS, Q4 2017 earnings at $1.32 EPS and FY2017 earnings at $6.25 EPS.

Several other brokerages have also recently weighed in on UAL. Citigroup Inc. began coverage on United Continental Holdings in a research note on Friday, November 18th. They set a “neutral” rating and a $69.00 target price for the company. Cowen and Company raised their target price on United Continental Holdings from $60.00 to $71.00 and gave the company an “outperform” rating in a research note on Wednesday, November 16th. Bank of America Corp. reaffirmed a “hold” rating on shares of United Continental Holdings in a research note on Wednesday, November 16th. Standpoint Research cut United Continental Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. Finally, Stifel Nicolaus decreased their target price on United Continental Holdings from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $64.44.

United Continental Holdings (NYSE:UAL) opened at 70.09 on Friday. United Continental Holdings has a 1-year low of $37.41 and a 1-year high of $70.18. The stock’s 50 day moving average is $58.76 and its 200-day moving average is $49.84. The firm has a market cap of $22.24 billion, a P/E ratio of 8.95 and a beta of 0.63.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Monday, October 17th. The company reported $3.11 EPS for the quarter, beating the Zacks’ consensus estimate of $2.88 by $0.23. United Continental Holdings had a net margin of 7.36% and a return on equity of 39.10%. The company earned $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the company posted $4.53 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of Nova Scotia raised its stake in United Continental Holdings by 0.3% in the second quarter. Bank of Nova Scotia now owns 7,000 shares of the company’s stock worth $287,000 after buying an additional 20 shares during the period. I.G. Investment Management LTD. raised its stake in United Continental Holdings by 1.2% in the second quarter. I.G. Investment Management LTD. now owns 8,300 shares of the company’s stock worth $341,000 after buying an additional 100 shares during the period. SRB Corp raised its stake in United Continental Holdings by 3.6% in the third quarter. SRB Corp now owns 3,275 shares of the company’s stock worth $172,000 after buying an additional 113 shares during the period. Pacer Advisors Inc. raised its stake in United Continental Holdings by 2.1% in the second quarter. Pacer Advisors Inc. now owns 6,372 shares of the company’s stock worth $262,000 after buying an additional 134 shares during the period. Finally, Glenmede Trust Co. NA raised its stake in United Continental Holdings by 0.4% in the second quarter. Glenmede Trust Co. NA now owns 36,176 shares of the company’s stock worth $1,484,000 after buying an additional 136 shares during the period. 94.26% of the stock is currently owned by hedge funds and other institutional investors.

In other United Continental Holdings news, VP Chris Kenny sold 3,824 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $67.39, for a total value of $257,699.36. Following the sale, the vice president now owns 10,179 shares of the company’s stock, valued at approximately $685,962.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew C. Levy bought 15,000 shares of the stock in a transaction on Friday, September 2nd. The stock was acquired at an average cost of $50.96 per share, for a total transaction of $764,400.00. Following the acquisition, the chief financial officer now directly owns 20,791 shares in the company, valued at $1,059,509.36. The disclosure for this purchase can be found here. 0.39% of the stock is owned by corporate insiders.

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