United Continental Holdings Inc (UAL) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $2.61 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 $2.56. The company posted revenue of $9396.00 million in the period, compared to analysts expectations of $9390.44 million. The company’s revenue was down -5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.31 EPS.
Many Wall Street Analysts have commented on United Continental Holdings Inc. United Continental Holdings Inc was Downgraded by Credit Suisse to ” Neutral” on Jul 6, 2016. Shares were Reiterated by Cowen on Apr 22, 2016 to “Outperform” and Lowered the Price Target to $ 62 from a previous price target of $65 .United Continental Holdings Inc was Downgraded by Sterne Agee CRT to ” Neutral” on Apr 22, 2016.
United Continental Holdings Inc opened for trading at $47.58 and hit $48.02 on the upside on Monday, eventually ending the session at $47.71, with a gain of 0.59% or 0.28 points. The heightened volatility saw the trading volume jump to 36,92,696 shares. Company has a market cap of $16,070 M.
In a different news, on Apr 29, 2016, Linda P Jojo (EVP and CIO) purchased 2,500 shares at $48.77 per share price. According to the SEC, on Apr 29, 2016, James E Compton (Vice Chair & Chief Rev Officer) purchased 2,000 shares at $48.91 per share price. On Apr 29, 2016, Barney Harford (director) purchased 60,000 shares at $49.06 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.