United Continental Holdings Inc (UAL) reported quarterly earnings results on Wednesday, Apr-20-2016. The company said it had a profit of $1.23 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 $1.18. The company posted revenue of $8195.00 million in the period, compared to analysts expectations of $8205.41 million. The company’s revenue was down -4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS.
Many Wall Street Analysts have commented on United Continental Holdings Inc. Shares were Downgraded by Deutsche Bank on Apr 1, 2016 to ” Hold” and Lowered the Price Target to $ 62 from a previous price target of $75 .United Continental Holdings Inc was Downgraded by Raymond James to ” Mkt Perform” on Mar 24, 2016. Shares were Reiterated by Cowen on Jan 22, 2016 to “Outperform” and Lowered the Price Target to $ 65 from a previous price target of $80 .
United Continental Holdings Inc opened for trading at $57.78 and hit $57.78 on the upside on Monday, eventually ending the session at $56.98, with a gain of 0.14% or 0.08 points. The heightened volatility saw the trading volume jump to 24,07,080 shares. Company has a market cap of $20,483 M.
In a different news, on Mar 14, 2016, James A C Kennedy (director) purchased 900 shares at $57.55 per share price. According to the SEC, on Feb 4, 2015, Irene E Foxhall (Exec VP Comm & Gov Affairs) sold 3,987 shares at $68.37 per share price. On Jan 23, 2015, Michael P Bonds (EVP HR and Labor Relations) sold 6,504 shares at $71.20 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.