Analysts Anticipate United Continental Holdings Inc (UAL) Will Announce Quarterly Sales of $8.91 Billion

Analysts forecast that United Continental Holdings Inc (NYSE:UAL) will announce $8.91 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for United Continental’s earnings, with the lowest sales estimate coming in at $8.87 billion and the highest estimate coming in at $9.01 billion. United Continental posted sales of $8.42 billion in the same quarter last year, which would indicate a positive year over year growth rate of 5.8%. The firm is expected to issue its next earnings results on Monday, April 16th.

On average, analysts expect that United Continental will report full-year sales of $8.91 billion for the current financial year, with estimates ranging from $39.97 billion to $40.62 billion. For the next financial year, analysts anticipate that the business will post sales of $40.84 billion per share, with estimates ranging from $33.92 billion to $42.84 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for United Continental.

United Continental (NYSE:UAL) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.45. United Continental had a net margin of 5.65% and a return on equity of 23.43%. The business had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year.

UAL has been the topic of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of United Continental in a report on Wednesday, January 24th. Bank of America upped their price target on shares of United Continental from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Citigroup increased their target price on shares of United Continental from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. ValuEngine lowered shares of United Continental from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Cowen reiterated a “market perform” rating and issued a $70.00 target price (up previously from $63.00) on shares of United Continental in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $83.47.

Several large investors have recently bought and sold shares of UAL. Stifel Financial Corp boosted its position in shares of United Continental by 100.5% during the 2nd quarter. Stifel Financial Corp now owns 13,159 shares of the transportation company’s stock valued at $991,000 after purchasing an additional 6,597 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of United Continental during the 2nd quarter valued at about $2,502,000. Caxton Associates LP bought a new position in shares of United Continental during the 2nd quarter valued at about $421,000. The Manufacturers Life Insurance Company boosted its position in shares of United Continental by 16.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 582,362 shares of the transportation company’s stock valued at $43,823,000 after purchasing an additional 83,095 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of United Continental by 4,592.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,176 shares of the transportation company’s stock valued at $315,000 after purchasing an additional 4,087 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

United Continental (NYSE:UAL) opened at $63.95 on Wednesday. The company has a market cap of $18,950.00, a price-to-earnings ratio of 9.05 and a beta of 1.02. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. United Continental has a 12-month low of $56.51 and a 12-month high of $83.04.

United Continental declared that its board has authorized a stock buyback plan on Thursday, December 7th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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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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