Equities research analysts predict that United Continental Holdings Inc (NASDAQ:UAL) will report $11.38 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eighteen analysts have provided estimates for United Continental’s earnings, with the highest sales estimate coming in at $11.56 billion and the lowest estimate coming in at $11.25 billion. United Continental reported sales of $10.78 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The business is expected to issue its next earnings results after the market closes on Tuesday, July 16th.
According to Zacks, analysts expect that United Continental will report full year sales of $43.33 billion for the current year, with estimates ranging from $43.01 billion to $43.91 billion. For the next fiscal year, analysts forecast that the business will post sales of $45.89 billion, with estimates ranging from $44.83 billion to $46.56 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for United Continental.
United Continental (NASDAQ:UAL) last announced its earnings results on Tuesday, April 16th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.21. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.62 billion. United Continental had a return on equity of 28.41% and a net margin of 5.43%. United Continental’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS.
Several brokerages recently issued reports on UAL. BidaskClub raised United Continental from a “hold” rating to a “buy” rating in a research report on Thursday. Imperial Capital reaffirmed an “underperform” rating and set a $81.00 target price (up from $78.00) on shares of United Continental in a research report on Thursday, April 18th. Cowen reaffirmed a “market perform” rating and set a $99.00 target price (up from $97.00) on shares of United Continental in a research report on Wednesday, April 17th. Buckingham Research raised their target price on United Continental from $109.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Zacks Investment Research lowered United Continental from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. United Continental has a consensus rating of “Buy” and a consensus price target of $102.24.
Shares of NASDAQ:UAL opened at $90.59 on Thursday. The company has a market cap of $23.84 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 0.39 and a beta of 1.11. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.43 and a current ratio of 0.50. United Continental has a 12-month low of $67.94 and a 12-month high of $97.85. The stock’s fifty day moving average is $84.07.
In other United Continental news, COO Gregory L. Hart sold 5,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $89.66, for a total transaction of $448,300.00. Following the completion of the sale, the chief operating officer now directly owns 22,087 shares in the company, valued at approximately $1,980,320.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Comerica Bank grew its stake in shares of United Continental by 0.3% in the 1st quarter. Comerica Bank now owns 43,045 shares of the transportation company’s stock valued at $3,638,000 after buying an additional 140 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of United Continental by 1.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 9,360 shares of the transportation company’s stock valued at $747,000 after buying an additional 147 shares during the period. Atlas Capital Advisors LLC grew its stake in shares of United Continental by 1.9% in the 1st quarter. Atlas Capital Advisors LLC now owns 8,006 shares of the transportation company’s stock valued at $639,000 after buying an additional 148 shares during the period. LS Investment Advisors LLC grew its stake in shares of United Continental by 2.3% in the 1st quarter. LS Investment Advisors LLC now owns 8,708 shares of the transportation company’s stock valued at $695,000 after buying an additional 192 shares during the period. Finally, Piedmont Investment Advisors Inc. grew its stake in shares of United Continental by 6.3% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 3,624 shares of the transportation company’s stock valued at $289,000 after buying an additional 215 shares during the period. Hedge funds and other institutional investors own 99.16% of the company’s stock.
About United Continental
United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.
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