$11.43 Billion in Sales Expected for United Continental Holdings Inc (NASDAQ:UAL) This Quarter

Wall Street analysts predict that United Continental Holdings Inc (NASDAQ:UAL) will post sales of $11.43 billion for the current fiscal quarter, according to Zacks. Nineteen analysts have issued estimates for United Continental’s earnings. The highest sales estimate is $11.63 billion and the lowest is $11.19 billion. United Continental posted sales of $11.00 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.9%. The business is scheduled to report its next quarterly earnings results on Tuesday, October 15th.

According to Zacks, analysts expect that United Continental will report full year sales of $43.24 billion for the current financial year, with estimates ranging from $42.66 billion to $43.58 billion. For the next fiscal year, analysts forecast that the company will post sales of $45.83 billion, with estimates ranging from $45.06 billion to $46.56 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for United Continental.

United Continental (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $4.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.07 by $0.14. The firm had revenue of $11.40 billion for the quarter, compared to analyst estimates of $11.37 billion. United Continental had a net margin of 6.22% and a return on equity of 29.33%. United Continental’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $3.23 EPS.

A number of research analysts have commented on the stock. Berenberg Bank assumed coverage on shares of United Continental in a research note on Friday, September 6th. They issued a “hold” rating and a $95.00 price objective on the stock. Morgan Stanley upgraded shares of United Continental from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $101.00 to $110.00 in a research note on Monday, May 20th. Buckingham Research lifted their price objective on shares of United Continental from $111.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Zacks Investment Research upgraded shares of United Continental from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Friday, August 16th. Finally, BidaskClub upgraded shares of United Continental from a “sell” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $101.72.

NASDAQ UAL traded up $1.80 during trading on Tuesday, reaching $91.18. The company’s stock had a trading volume of 87,842 shares, compared to its average volume of 2,291,037. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.49 and a current ratio of 0.55. The firm has a market cap of $22.50 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 0.34 and a beta of 1.20. United Continental has a twelve month low of $77.02 and a twelve month high of $97.85. The business’s fifty day moving average price is $86.59 and its 200-day moving average price is $85.61.

In other news, COO Gregory L. Hart sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $93.48, for a total value of $467,400.00. Following the completion of the transaction, the chief operating officer now owns 17,087 shares of the company’s stock, valued at $1,597,292.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Edward Shapiro acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of $82.00 per share, with a total value of $820,000.00. Following the transaction, the director now owns 182,707 shares of the company’s stock, valued at $14,981,974. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in shares of United Continental in the second quarter worth $51,000. CSat Investment Advisory L.P. boosted its stake in shares of United Continental by 218.4% in the second quarter. CSat Investment Advisory L.P. now owns 605 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 415 shares during the period. First Interstate Bank boosted its stake in shares of United Continental by 40.5% in the second quarter. First Interstate Bank now owns 857 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 247 shares during the period. Boston Partners purchased a new position in shares of United Continental in the second quarter valued at $91,000. Finally, Edge Wealth Management LLC boosted its stake in shares of United Continental by 2,145.5% in the second quarter. Edge Wealth Management LLC now owns 1,235 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 1,180 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

United Continental Company Profile

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

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