Equities analysts expect that United Continental Holdings Inc (NYSE:UAL) will post $8.91 billion in sales for the current quarter, according to Zacks. Five analysts have made 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 during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.8%. The company is scheduled to announce its next quarterly earnings report on Monday, April 16th.
According to Zacks, analysts expect that United Continental will report full-year sales of $8.91 billion for the current year, with estimates ranging from $39.97 billion to $40.62 billion. For the next year, analysts anticipate that the firm will post sales of $40.86 billion per share, with estimates ranging from $33.92 billion to $42.84 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover United Continental.
United Continental (NYSE:UAL) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.45. United Continental had a return on equity of 23.40% and a net margin of 5.65%. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the business posted $1.78 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Mutual of America Capital Management LLC grew its holdings in United Continental by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 31,567 shares of the transportation company’s stock valued at $2,128,000 after purchasing an additional 780 shares during the period. M&T Bank Corp grew its holdings in United Continental by 3.8% in the fourth quarter. M&T Bank Corp now owns 21,539 shares of the transportation company’s stock valued at $1,453,000 after purchasing an additional 786 shares during the period. Profund Advisors LLC grew its holdings in United Continental by 14.3% in the fourth quarter. Profund Advisors LLC now owns 8,475 shares of the transportation company’s stock valued at $571,000 after purchasing an additional 1,062 shares during the period. Nisa Investment Advisors LLC grew its holdings in United Continental by 1.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 75,256 shares of the transportation company’s stock valued at $5,072,000 after purchasing an additional 1,115 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in United Continental by 8.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,267 shares of the transportation company’s stock valued at $1,046,000 after purchasing an additional 1,218 shares during the period. 97.22% of the stock is currently owned by institutional investors.
United Continental (UAL) opened at $72.00 on Tuesday. United Continental has a 12 month low of $56.51 and a 12 month high of $83.04. The stock has a market capitalization of $20,500.00, a PE ratio of 11.23 and a beta of 0.98. The company has a quick ratio of 0.49, a current ratio of 0.56 and a debt-to-equity ratio of 1.44.
United Continental announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 7th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are 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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