Brokerages Expect United Continental Holdings, Inc. (UAL) Will Post Quarterly Sales of $9.20 Billion

Wall Street brokerages forecast that United Continental Holdings, Inc. (NYSE:UAL) will post $9.20 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for United Continental’s earnings, with the highest sales estimate coming in at $9.27 billion and the lowest estimate coming in at $9.14 billion. United Continental reported sales of $9.05 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The business is expected to announce its next quarterly earnings results on Tuesday, January 16th.

On average, analysts expect that United Continental will report full-year sales of $9.20 billion for the current financial year, with estimates ranging from $37.44 billion to $37.56 billion. For the next financial year, analysts anticipate that the business will report sales of $39.41 billion per share, with estimates ranging from $38.56 billion to $40.21 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for United Continental.

United Continental (NYSE:UAL) last posted its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. United Continental had a net margin of 5.22% and a return on equity of 25.26%. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.87 billion. During the same period in the prior year, the business posted $3.11 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis.

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein restated a “hold” rating on shares of United Continental in a research note on Monday, August 7th. Citigroup increased their price objective on shares of United Continental from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Cowen restated a “market perform” rating and set a $70.00 price objective (up from $63.00) on shares of United Continental in a research note on Thursday, October 12th. Morgan Stanley reduced their price objective on shares of United Continental from $79.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, August 17th. Finally, Wolfe Research upgraded shares of United Continental to an “outperform” rating and reduced their price objective for the stock from $97.00 to $95.00 in a research note on Sunday, August 20th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $77.63.

United Continental (UAL) traded down $0.75 during trading on Friday, hitting $62.57. 4,349,232 shares of the stock were exchanged, compared to its average volume of 4,380,615. United Continental has a one year low of $56.51 and a one year high of $83.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. The firm has a market cap of $18,540.00, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.02.

In related news, Director Robert A. Milton acquired 1,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was purchased at an average cost of $58.60 per share, for a total transaction of $58,600.00. Following the completion of the transaction, the director now directly owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward Shapiro acquired 15,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were bought at an average price of $59.87 per share, with a total value of $898,050.00. Following the completion of the transaction, the director now directly owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

A number of hedge funds have recently modified their holdings of UAL. Janus Henderson Group PLC lifted its position in United Continental by 30,735.3% during the second quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock worth $523,519,000 after acquiring an additional 6,934,500 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in United Continental during the third quarter worth approximately $121,305,000. Boston Partners lifted its position in United Continental by 37.7% during the second quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock worth $364,214,000 after acquiring an additional 1,324,894 shares during the last quarter. Vanguard Group Inc. lifted its position in United Continental by 4.3% during the second quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock worth $1,708,664,000 after acquiring an additional 930,321 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its position in United Continental by 33.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock worth $160,585,000 after acquiring an additional 656,990 shares during the last quarter. Hedge funds and other institutional investors own 95.92% of the company’s stock.

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

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