United Continental Holdings Inc (NYSE:UAL) – Stock analysts at Imperial Capital lifted their FY2018 earnings estimates for United Continental in a report issued on Thursday, October 18th. Imperial Capital analyst M. Derchin now anticipates that the transportation company will earn $8.50 per share for the year, up from their prior forecast of $8.20. Imperial Capital currently has a “Inline” rating and a $101.00 price objective on the stock. Imperial Capital also issued estimates for United Continental’s Q4 2018 earnings at $1.78 EPS, Q1 2019 earnings at $0.56 EPS, Q4 2019 earnings at $1.95 EPS and FY2019 earnings at $10.10 EPS.
United Continental (NYSE:UAL) last released its earnings results on Tuesday, October 16th. The transportation company reported $3.06 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.01). The company had revenue of $11 billion during the quarter, compared to analyst estimates of $10.95 billion. United Continental had a return on equity of 24.28% and a net margin of 5.23%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business earned $2.22 earnings per share.
UAL stock opened at $88.61 on Monday. The company has a market capitalization of $23.75 billion, a P/E ratio of 13.11, a P/E/G ratio of 0.51 and a beta of 0.75. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.56. United Continental has a 52 week low of $56.51 and a 52 week high of $91.39.
A number of institutional investors and hedge funds have recently bought and sold shares of UAL. LPL Financial LLC raised its stake in United Continental by 23.0% during the 1st quarter. LPL Financial LLC now owns 17,997 shares of the transportation company’s stock worth $1,250,000 after buying an additional 3,361 shares during the period. Millennium Management LLC raised its stake in United Continental by 15.2% during the 1st quarter. Millennium Management LLC now owns 147,469 shares of the transportation company’s stock worth $10,245,000 after buying an additional 19,480 shares during the period. Atlantic Trust Group LLC raised its stake in United Continental by 13.1% during the 1st quarter. Atlantic Trust Group LLC now owns 12,791 shares of the transportation company’s stock worth $889,000 after buying an additional 1,486 shares during the period. CIBC World Markets Inc. raised its stake in United Continental by 14.1% during the 1st quarter. CIBC World Markets Inc. now owns 7,357 shares of the transportation company’s stock worth $511,000 after buying an additional 910 shares during the period. Finally, Summit Trail Advisors LLC raised its stake in United Continental by 9,454.7% during the 1st quarter. Summit Trail Advisors LLC now owns 139,785 shares of the transportation company’s stock worth $140,000 after buying an additional 138,322 shares during the period. 95.21% of the stock is owned by institutional investors.
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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