Analysts Anticipate United Continental Holdings Inc (NASDAQ:UAL) Will Announce Quarterly Sales of $11.38 Billion

Equities research analysts forecast that United Continental Holdings Inc (NASDAQ:UAL) will post sales of $11.38 billion for the current fiscal quarter, according to Zacks Investment Research. Nineteen analysts have issued estimates for United Continental’s earnings. The lowest sales estimate is $11.25 billion and the highest is $11.56 billion. United Continental reported sales of $10.78 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The company is expected to report its next quarterly earnings results on Tuesday, July 16th.

According to Zacks, analysts expect that United Continental will report full-year sales of $43.34 billion for the current year, with estimates ranging from $43.01 billion to $43.91 billion. For the next fiscal year, analysts forecast that the company will report sales of $45.90 billion, with estimates ranging from $44.83 billion to $46.56 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow United Continental.

United Continental (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.15 earnings per share for the quarter, topping the Zacks’ 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 net margin of 5.43% and a return on equity of 28.41%. United Continental’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share.

Several equities research analysts have recently issued reports on UAL shares. Standpoint Research lowered shares of United Continental from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. ValuEngine lowered shares of United Continental from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. BidaskClub lowered shares of United Continental from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Zacks Investment Research lowered shares of United Continental from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Buckingham Research increased their price objective on shares of United Continental from $109.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. United Continental presently has a consensus rating of “Buy” and an average price target of $102.24.

NASDAQ:UAL traded up $0.01 during trading hours on Tuesday, reaching $87.12. 1,645,586 shares of the company were exchanged, compared to its average volume of 2,212,768. The company has a quick ratio of 0.43, a current ratio of 0.50 and a debt-to-equity ratio of 1.85. The company has a market cap of $22.92 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.37 and a beta of 1.06. United Continental has a 52-week low of $67.94 and a 52-week high of $97.85.

In related news, COO Gregory L. Hart sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $89.66, for a total transaction of $448,300.00. Following the completion of the sale, the chief operating officer now directly owns 22,087 shares of the company’s stock, valued at approximately $1,980,320.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management grew its holdings in United Continental by 6.0% during the 1st quarter. LSV Asset Management now owns 4,749,499 shares of the transportation company’s stock valued at $378,915,000 after purchasing an additional 268,300 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in United Continental by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,435,231 shares of the transportation company’s stock valued at $371,355,000 after purchasing an additional 49,211 shares in the last quarter. Geode Capital Management LLC grew its holdings in United Continental by 11.9% during the 1st quarter. Geode Capital Management LLC now owns 3,797,354 shares of the transportation company’s stock valued at $302,608,000 after purchasing an additional 402,590 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in United Continental by 1.3% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 3,659,223 shares of the transportation company’s stock valued at $291,933,000 after purchasing an additional 46,265 shares in the last quarter. Finally, Morgan Stanley grew its holdings in United Continental by 166.0% during the 1st quarter. Morgan Stanley now owns 3,011,599 shares of the transportation company’s stock valued at $240,266,000 after purchasing an additional 1,879,294 shares in the last quarter. 99.92% of the stock is owned by institutional investors and hedge funds.

United Continental Company Profile

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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