United Continental Holdings, Inc. (UAL) Expected to Announce Quarterly Sales of $10.06 Billion
Analysts expect United Continental Holdings, Inc. (NYSE:UAL) to report sales of $10.06 billion for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for United Continental Holdings’ earnings, with the highest sales estimate coming in at $10.39 billion and the lowest estimate coming in at $9.76 billion. United Continental Holdings reported sales of $9.91 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.5%. The firm is expected to report its next quarterly earnings report on Monday, October 16th.
According to Zacks, analysts expect that United Continental Holdings will report full year sales of $10.06 billion for the current fiscal year, with estimates ranging from $37.17 billion to $38.04 billion. For the next financial year, analysts expect that the company will post sales of $39.30 billion per share, with estimates ranging from $38.15 billion to $40.45 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover United Continental Holdings.
United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same period last year, the company earned $2.61 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year.
Several analysts have issued reports on the company. Bank of America Corporation dropped their target price on United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a report on Friday, June 30th. UBS AG restated a “buy” rating and issued a $103.00 target price (up from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Citigroup Inc. restated a “neutral” rating and issued a $68.00 target price (down from $85.00) on shares of United Continental Holdings in a report on Thursday, September 7th. J P Morgan Chase & Co cut United Continental Holdings from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $84.00 to $68.00 in a report on Friday. Finally, Morgan Stanley restated an “equal weight” rating and issued a $85.00 target price (up from $80.00) on shares of United Continental Holdings in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $81.92.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Suntrust Banks Inc. raised its position in United Continental Holdings by 4.0% in the 1st quarter. Suntrust Banks Inc. now owns 5,763 shares of the transportation company’s stock valued at $406,000 after purchasing an additional 220 shares in the last quarter. Pictet Asset Management Ltd. raised its position in United Continental Holdings by 1.1% in the 1st quarter. Pictet Asset Management Ltd. now owns 80,159 shares of the transportation company’s stock valued at $5,662,000 after purchasing an additional 900 shares in the last quarter. Swiss National Bank raised its position in United Continental Holdings by 22.5% in the 1st quarter. Swiss National Bank now owns 280,762 shares of the transportation company’s stock valued at $19,833,000 after purchasing an additional 51,600 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in United Continental Holdings by 18.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 538,267 shares of the transportation company’s stock valued at $38,023,000 after purchasing an additional 82,122 shares in the last quarter. Finally, Neuburgh Advisers LLC raised its position in United Continental Holdings by 11.5% in the 1st quarter. Neuburgh Advisers LLC now owns 135,422 shares of the transportation company’s stock valued at $9,566,000 after purchasing an additional 13,940 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.
United Continental Holdings (NYSE:UAL) traded down 2.37% during mid-day trading on Friday, hitting $59.80. The stock had a trading volume of 10,105,064 shares. The company has a market cap of $18.19 billion, a PE ratio of 8.26 and a beta of 1.06. The firm’s 50-day moving average price is $64.14 and its 200 day moving average price is $71.77. United Continental Holdings has a one year low of $49.28 and a one year high of $83.04. United Continental Holdings also saw some unusual options trading on Thursday. Stock investors purchased 1,399 call options on the stock. This represents an increase of 115% compared to the typical volume of 650 call options.
About United Continental Holdings
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United Continental Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.