Analysts expect United Continental Holdings, Inc. (NYSE:UAL) to announce sales of $9.20 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for United Continental Holdings’ earnings, with the highest sales estimate coming in at $9.27 billion and the lowest estimate coming in at $9.14 billion. United Continental Holdings posted sales of $9.05 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The company is expected to announce its next earnings results on Tuesday, January 16th.
According to Zacks, analysts expect that United Continental Holdings will report full year sales of $9.20 billion for the current fiscal year, with estimates ranging from $37.44 billion to $37.56 billion. For the next fiscal year, analysts expect that the company will post sales of $39.28 billion per share, with estimates ranging from $38.56 billion to $40.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover United Continental Holdings.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. United Continental Holdings had a return on equity of 25.26% and a net margin of 5.22%. The business had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.87 billion. During the same period in the prior year, the company posted $3.11 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year.
UAL has been the subject of a number of research analyst reports. Buckingham Research downgraded United Continental Holdings from a “buy” rating to a “neutral” rating and upped their target price for the stock from $49.28 to $59.80 in a research report on Monday, September 18th. Barclays PLC restated a “buy” rating and issued a $80.00 target price on shares of United Continental Holdings in a research report on Monday, September 25th. Citigroup Inc. upped their target price on United Continental Holdings from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Morgan Stanley restated an “equal weight” rating and issued a $71.00 target price (down from $72.00) on shares of United Continental Holdings in a research report on Friday, September 1st. Finally, Stephens restated an “equal weight” rating and issued a $65.00 target price (down from $80.00) on shares of United Continental Holdings in a research report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. United Continental Holdings has a consensus rating of “Hold” and a consensus price target of $77.63.
United Continental Holdings (UAL) opened at $58.52 on Friday. United Continental Holdings has a fifty-two week low of $57.34 and a fifty-two week high of $83.04. The stock has a market capitalization of $17,336.67, a P/E ratio of 8.18, a P/E/G ratio of 1.51 and a beta of 1.02. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.53.
In other United Continental Holdings news, Director Edward Shapiro bought 15,000 shares of United Continental Holdings stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the acquisition, the director now directly owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert A. Milton bought 1,000 shares of United Continental Holdings stock in a transaction dated Tuesday, October 24th. The stock was acquired at an average price of $58.60 per share, with a total value of $58,600.00. Following the acquisition, the director now directly owns 6,176 shares of the company’s stock, valued at $361,913.60. The disclosure for this purchase can be found here. 0.27% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hosking Partners LLP lifted its holdings in shares of United Continental Holdings by 1.6% in the second quarter. Hosking Partners LLP now owns 486,710 shares of the transportation company’s stock valued at $36,625,000 after purchasing an additional 7,737 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in shares of United Continental Holdings in the second quarter valued at $3,306,000. Sciencast Management LP purchased a new stake in shares of United Continental Holdings in the second quarter valued at $1,822,000. Thrivent Financial For Lutherans lifted its holdings in shares of United Continental Holdings by 1.6% in the second quarter. Thrivent Financial For Lutherans now owns 1,147,310 shares of the transportation company’s stock valued at $86,335,000 after purchasing an additional 18,310 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of United Continental Holdings by 10.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 268,778 shares of the transportation company’s stock valued at $20,226,000 after purchasing an additional 25,276 shares in the last quarter. Institutional investors own 97.67% of the company’s stock.
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United Continental Holdings 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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