Analysts Anticipate United Continental Holdings Inc (UAL) Will Post Quarterly Sales of $11.40 Billion

Brokerages expect United Continental Holdings Inc (NASDAQ:UAL) to announce $11.40 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Nineteen analysts have issued estimates for United Continental’s earnings, with the highest sales estimate coming in at $11.56 billion and the lowest estimate coming in at $11.28 billion. United Continental posted sales of $10.78 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.8%. The firm is expected to announce its next earnings report on Tuesday, July 16th.

According to Zacks, analysts expect that United Continental will report full year sales of $43.33 billion for the current financial year, with estimates ranging from $42.82 billion to $44.00 billion. For the next year, analysts expect that the company will post sales of $45.85 billion, with estimates ranging from $44.83 billion to $46.88 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover United Continental.

United Continental (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.21. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.62 billion. United Continental had a return on equity of 28.41% and a net margin of 5.43%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share.

UAL has been the topic of several research analyst reports. Zacks Investment Research reaffirmed a “buy” rating and issued a $97.00 price target on shares of United Continental in a research report on Monday, December 31st. Imperial Capital downgraded United Continental from an “in-line” rating to an “underperform” rating and lowered their price target for the company from $110.00 to $73.00 in a research report on Wednesday, January 9th. JPMorgan Chase & Co. raised United Continental from a “neutral” rating to an “overweight” rating and set a $95.00 price target on the stock in a research report on Thursday, January 10th. Cowen reaffirmed a “market perform” rating and issued a $99.00 price target (up from $94.00) on shares of United Continental in a research report on Thursday, January 17th. Finally, Macquarie set a $111.00 price target on United Continental and gave the company a “buy” rating in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $101.41.

Shares of NASDAQ:UAL opened at $87.94 on Friday. The stock has a market capitalization of $23.14 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 0.38 and a beta of 0.96. United Continental has a 52-week low of $65.57 and a 52-week high of $97.85. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.43 and a current ratio of 0.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC lifted its stake in United Continental by 1.9% during the first quarter. Atlas Capital Advisors LLC now owns 8,006 shares of the transportation company’s stock worth $639,000 after purchasing an additional 148 shares during the period. LS Investment Advisors LLC lifted its stake in United Continental by 2.3% during the first quarter. LS Investment Advisors LLC now owns 8,708 shares of the transportation company’s stock worth $695,000 after purchasing an additional 192 shares during the period. Conning Inc. lifted its stake in United Continental by 7.2% during the first quarter. Conning Inc. now owns 4,010 shares of the transportation company’s stock worth $320,000 after purchasing an additional 270 shares during the period. Hancock Whitney Corp lifted its stake in United Continental by 1.4% during the fourth quarter. Hancock Whitney Corp now owns 21,313 shares of the transportation company’s stock worth $1,784,000 after purchasing an additional 293 shares during the period. Finally, MML Investors Services LLC lifted its stake in United Continental by 8.1% during the fourth quarter. MML Investors Services LLC now owns 4,486 shares of the transportation company’s stock worth $376,000 after purchasing an additional 336 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

About United Continental

United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.

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