United Continental Holdings Inc (UAL) announced its most recent quarterly financial results on Monday, Oct-17-2016. UAL said it had a profit of $3.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $3.06. The company posted revenue of $9913.00 million in the period, compared to analysts expectations of $9912.03 million. UAL’s revenue was down -3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.53 EPS.
Many Wall Street Analysts have commented on United Continental Holdings Inc. Company shares were Reiterated by Imperial Capital on Oct 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 63 from a previous price target of $57 .Bernstein Initiated United Continental Holdings Inc on Oct 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $55.United Continental Holdings Inc was Upgraded by Raymond James to ” Outperform” on Aug 30, 2016.
United Continental Holdings Inc closed down -0.49 points or -0.91% at $53.2 with 74,16,268 shares getting traded on Friday. Post opening the session at $54.16, the shares hit an intraday low of $52.98 and an intraday high of $54.57 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Sep 6, 2016, Andrew C Levy (CFO) purchased 15,000 shares at $50.96 per share price. According to the SEC, on Apr 29, 2016, Linda P Jojo (EVP and CIO) purchased 2,500 shares at $48.77 per share price. On Apr 29, 2016, James E Compton (Vice Chair & Chief Rev Officer) purchased 2,000 shares at $48.91 per share price, according to the Form-4 filing with the securities and exchange commission.
United Continental Holdings Inc. (UAL) is a holding company and its principal wholly owned subsidiary is United Air Lines Inc. (United). The Company transports people and cargo through its mainline operations which use jet aircraft with at least 118 seats and its regional 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 an average of 5055 flights a day to 373 airports across six continents from the Companys hubs at Newark Liberty International Airport Chicago OHare International Airport Denver International Airport George Bush Intercontinental Airport Los Angeles International Airport A.B. Won Pat International Airport San Francisco International Airport and Washington Dulles International Airport. It has contractual relationships with a range of regional carriers to provide regional jet and turboprop service branded as United Express.