United Continental Holdings Inc (UAL) to Post FY2018 Earnings of $8.50 Per Share, Imperial Capital Forecasts

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.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of United Continental from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Monday, October 1st. Buckingham Research lifted their target price on shares of United Continental from $96.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, July 19th. ValuEngine upgraded shares of United Continental from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Bank of America raised their price target on shares of United Continental from $94.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Finally, Deutsche Bank raised shares of United Continental from a “hold” rating to a “buy” rating and raised their price target for the stock from $91.00 to $100.00 in a research report on Wednesday, October 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $97.40.

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

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