Today: The Q3 2016 EPS Estimates for United Continental Holdings Inc. (UAL) Raised by Analyst

The Q3 2016 EPS Estimates for United Continental Holdings Inc. (UAL) Raised by Analyst

United Continental Holdings Inc. (NYSE:UAL) – Stock analysts at Imperial Capital boosted their Q3 2016 earnings estimates for shares of United Continental Holdings in a report issued on Tuesday. Imperial Capital analyst M. Derchin now anticipates that the firm will post earnings per share of $3.08 for the quarter, up from their prior forecast of $2.91. Imperial Capital currently has a “Outperform” rating and a $63.00 price target on the stock. Imperial Capital also issued estimates for United Continental Holdings’ Q4 2016 earnings at $1.40 EPS, FY2016 earnings at $8.27 EPS, Q1 2017 earnings at $0.42 EPS, Q2 2017 earnings at $1.93 EPS, Q3 2017 earnings at $3.18 EPS, Q4 2017 earnings at $1.55 EPS, FY2017 earnings at $7.00 EPS and FY2018 earnings at $8.24 EPS.

A number of other equities research analysts have also issued reports on the company. Sanford C. Bernstein assumed coverage on United Continental Holdings in a research report on Monday. They issued a “market perform” rating and a $55.00 price target for the company. Credit Suisse Group AG set a $47.00 price target on United Continental Holdings and gave the company a “hold” rating in a research report on Friday, October 7th. Cowen and Company restated an “outperform” rating and issued a $60.00 price target on shares of United Continental Holdings in a research report on Wednesday, August 31st. Raymond James Financial Inc. upgraded United Continental Holdings from a “market perform” rating to an “outperform” rating and set a $65.00 price target for the company in a research report on Tuesday, August 30th. Finally, Vetr upgraded United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $56.33 price target for the company in a research report on Monday, August 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $63.05.

United Continental Holdings (NYSE:UAL) opened at 53.69 on Wednesday. The stock has a 50 day moving average price of $51.56 and a 200-day moving average price of $48.41. The stock has a market capitalization of $17.31 billion, a P/E ratio of 2.93 and a beta of 0.53. United Continental Holdings has a one year low of $37.41 and a one year high of $61.87.

United Continental Holdings (NYSE:UAL) last released its quarterly earnings data on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.44 by $0.17. The company had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.36 billion. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. During the same period last year, the business posted $3.31 EPS.

A number of institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its position in United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock valued at $105,000 after buying an additional 418 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in United Continental Holdings during the second quarter valued at approximately $107,000. Northwestern Mutual Wealth Management Co. raised its position in United Continental Holdings by 92.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,546 shares of the company’s stock valued at $145,000 after buying an additional 1,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in United Continental Holdings by 302.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,182 shares of the company’s stock valued at $172,000 after buying an additional 3,144 shares during the period. Finally, Advisor Group Inc. acquired a new position in United Continental Holdings during the second quarter valued at approximately $176,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

In other United Continental Holdings news, CFO Andrew C. Levy bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were purchased at an average price of $50.96 per share, with a total value of $764,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by corporate insiders.

United Continental Holdings Company Profile

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