Equities analysts expect United Continental Holdings Inc (NASDAQ:UAL) to post $11.43 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seventeen analysts have provided estimates for United Continental’s earnings, with the lowest sales estimate coming in at $11.34 billion and the highest estimate coming in at $11.63 billion. United Continental reported sales of $11.00 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, October 15th.
On average, analysts expect that United Continental will report full year sales of $43.21 billion for the current financial year, with estimates ranging from $42.92 billion to $43.58 billion. For the next fiscal year, analysts anticipate that the company will report sales of $45.51 billion, with estimates ranging from $44.39 billion to $46.56 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for United Continental.
United Continental (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, July 16th. The transportation company reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $4.07 by $0.14. The business had revenue of $11.40 billion for the quarter, compared to analysts’ expectations of $11.37 billion. United Continental had a return on equity of 29.33% and a net margin of 6.22%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.23 EPS.
A number of equities analysts have recently issued reports on UAL shares. JPMorgan Chase & Co. restated a “buy” rating on shares of United Continental in a research report on Friday, September 13th. ValuEngine cut United Continental from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Berenberg Bank started coverage on United Continental in a report on Friday, September 6th. They set a “hold” rating and a $95.00 price target on the stock. Buckingham Research boosted their price objective on United Continental from $111.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, BidaskClub upgraded United Continental from a “sell” rating to a “hold” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. United Continental presently has an average rating of “Buy” and an average price target of $101.33.
In other news, COO Gregory L. Hart sold 5,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $93.48, for a total value of $467,400.00. Following the sale, the chief operating officer now directly owns 17,087 shares in the company, valued at approximately $1,597,292.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward Shapiro acquired 10,000 shares of United Continental stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average price of $82.00 per share, for a total transaction of $820,000.00. Following the completion of the acquisition, the director now directly owns 182,707 shares in the company, valued at approximately $14,981,974. The disclosure for this purchase can be found here. Insiders sold a total of 7,056 shares of company stock valued at $647,516 in the last three months. 0.40% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in United Continental by 1.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 26,437 shares of the transportation company’s stock worth $2,315,000 after acquiring an additional 372 shares in the last quarter. Teza Capital Management LLC acquired a new stake in United Continental during the 2nd quarter worth $260,000. Artemis Investment Management LLP raised its stake in United Continental by 9.5% during the 2nd quarter. Artemis Investment Management LLP now owns 380,125 shares of the transportation company’s stock worth $33,224,000 after acquiring an additional 32,936 shares in the last quarter. Partners Capital Investment Group LLP raised its stake in United Continental by 9.0% during the 2nd quarter. Partners Capital Investment Group LLP now owns 68,488 shares of the transportation company’s stock worth $5,996,000 after acquiring an additional 5,677 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its stake in United Continental by 11.9% during the 1st quarter. State of Tennessee Treasury Department now owns 174,659 shares of the transportation company’s stock worth $13,935,000 after acquiring an additional 18,559 shares in the last quarter. Institutional investors and hedge funds own 98.13% of the company’s stock.
NASDAQ:UAL traded up $0.88 during trading hours on Thursday, hitting $87.34. The company’s stock had a trading volume of 2,228,840 shares, compared to its average volume of 2,826,678. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.55 and a quick ratio of 0.49. The company has a market capitalization of $22.44 billion, a P/E ratio of 9.57, a PEG ratio of 0.32 and a beta of 1.20. United Continental has a twelve month low of $77.02 and a twelve month high of $97.85. The stock has a fifty day simple moving average of $86.43 and a 200-day simple moving average of $86.15.
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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