Wall Street analysts forecast that United Continental Holdings Inc (NYSE:UAL) will report $9.43 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for United Continental’s earnings, with the highest sales estimate coming in at $9.44 billion and the lowest estimate coming in at $9.42 billion. United Continental posted sales of $9.05 billion during the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, January 23rd.
On average, analysts expect that United Continental will report full year sales of $9.43 billion for the current fiscal year, with estimates ranging from $37.72 billion to $37.73 billion. For the next financial year, analysts expect that the business will post sales of $39.83 billion per share, with estimates ranging from $39.33 billion to $40.71 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for United Continental.
A number of brokerages have weighed in on UAL. Imperial Capital upped their target price on United Continental from $64.00 to $74.00 and gave the stock a “line” rating in a research note on Thursday, January 11th. Citigroup upgraded United Continental from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Wednesday, January 10th. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price objective (up from $100.00) on shares of United Continental in a research report on Wednesday, January 10th. Buckingham Research upgraded United Continental from a “neutral” rating to a “buy” rating and increased their price objective for the company from $65.00 to $81.00 in a research report on Tuesday, December 19th. Finally, Standpoint Research upgraded United Continental from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $81.69.
A number of institutional investors and hedge funds have recently bought and sold shares of UAL. Profund Advisors LLC grew its position in United Continental by 25.6% during the 2nd quarter. Profund Advisors LLC now owns 10,249 shares of the transportation company’s stock worth $771,000 after acquiring an additional 2,091 shares during the last quarter. Mutual of America Capital Management LLC grew its position in United Continental by 4.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 34,611 shares of the transportation company’s stock worth $2,604,000 after acquiring an additional 1,399 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in United Continental by 14.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 615,851 shares of the transportation company’s stock worth $46,343,000 after acquiring an additional 77,584 shares during the last quarter. GSA Capital Partners LLP grew its position in United Continental by 492.2% during the 2nd quarter. GSA Capital Partners LLP now owns 24,430 shares of the transportation company’s stock worth $1,838,000 after acquiring an additional 20,305 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in United Continental by 4.3% during the 2nd 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. Institutional investors and hedge funds own 95.70% of the company’s stock.
United Continental (NYSE:UAL) opened at $76.50 on Friday. The firm has a market capitalization of $22,604.06, a PE ratio of 12.07 and a beta of 1.05. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. United Continental has a one year low of $56.51 and a one year high of $83.04.
United Continental declared that its board has initiated a stock repurchase program on Thursday, December 7th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
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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