United Continental Holdings, Inc. (UAL) Expected to Announce Quarterly Sales of $10.42 Billion
Equities research analysts expect United Continental Holdings, Inc. (NYSE:UAL) to announce $10.42 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for United Continental Holdings’ earnings, with the highest sales estimate coming in at $10.46 billion and the lowest estimate coming in at $10.39 billion. United Continental Holdings posted sales of $9.91 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The company is scheduled to report its next earnings report on Monday, October 16th.
According to Zacks, analysts expect that United Continental Holdings will report full year sales of $10.42 billion for the current financial year, with estimates ranging from $37.90 billion to $38.41 billion. For the next fiscal year, analysts expect that the company will report sales of $39.59 billion per share, with estimates ranging from $39.20 billion to $40.58 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow United Continental Holdings.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.44. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.76%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.61 earnings per share.
A number of equities analysts have issued reports on UAL shares. UBS AG restated a “buy” rating and issued a $103.00 price objective (up previously from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Bank of America Corporation restated a “buy” rating and issued a $105.00 price objective on shares of United Continental Holdings in a research report on Wednesday, July 12th. Sanford C. Bernstein restated a “market perform” rating and issued a $86.00 price objective on shares of United Continental Holdings in a research report on Thursday, July 13th. Raymond James Financial, Inc. restated an “outperform” rating and issued a $100.00 price objective on shares of United Continental Holdings in a research report on Friday, July 14th. Finally, BidaskClub upgraded shares of United Continental Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $82.94.
Shares of United Continental Holdings (UAL) traded down 0.71% during mid-day trading on Friday, reaching $71.57. 5,996,029 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $78.03 and a 200-day moving average price of $74.25. The stock has a market cap of $22.16 billion, a PE ratio of 11.19 and a beta of 1.04. United Continental Holdings has a one year low of $44.15 and a one year high of $83.04. United Continental Holdings also saw unusually large options trading activity on Thursday. Stock investors bought 1,399 call options on the company. This represents an increase of approximately 115% compared to the typical daily volume of 650 call options.
In related news, EVP Gregory L. Hart sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $76.83, for a total transaction of $230,490.00. Following the sale, the executive vice president now owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward Shapiro acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The shares were acquired at an average cost of $69.35 per share, for a total transaction of $693,500.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $693,500. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.
Large investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in United Continental Holdings during the first quarter valued at approximately $122,000. FNY Partners Fund LP raised its stake in United Continental Holdings by 2,073.9% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after buying an additional 1,908 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in United Continental Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock valued at $147,000 after buying an additional 976 shares during the last quarter. IFP Advisors Inc raised its stake in United Continental Holdings by 15.6% in the first quarter. IFP Advisors Inc now owns 2,687 shares of the transportation company’s stock valued at $190,000 after buying an additional 363 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in United Continental Holdings during the first quarter valued at approximately $208,000. 96.66% of the stock is currently owned by institutional investors and hedge funds.
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United Continental Holdings Company Profile
United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline 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 flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.
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