United Continental Holdings Inc (NASDAQ:UAL) Expected to Post Quarterly Sales of $11.43 Billion

Equities analysts expect that United Continental Holdings Inc (NASDAQ:UAL) will post sales of $11.43 billion for the current quarter, according to Zacks. Nineteen analysts have issued estimates for United Continental’s earnings, with the highest sales estimate coming in at $11.63 billion and the lowest estimate coming in at $11.19 billion. United Continental posted sales of $11.00 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.9%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, October 15th.

On average, analysts expect that United Continental will report full year sales of $43.24 billion for the current year, with estimates ranging from $42.66 billion to $43.58 billion. For the next year, analysts anticipate that the business will post sales of $45.83 billion, with estimates ranging from $45.06 billion to $46.56 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover United Continental.

United Continental (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $4.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.07 by $0.14. The company had revenue of $11.40 billion during the quarter, compared to the consensus estimate of $11.37 billion. United Continental had a net margin of 6.22% and a return on equity of 29.33%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.23 earnings per share.

A number of research firms have commented on UAL. Zacks Investment Research raised shares of United Continental from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Friday, August 16th. Berenberg Bank began coverage on shares of United Continental in a research report on Friday, September 6th. They issued a “hold” rating and a $95.00 target price for the company. Morgan Stanley raised shares of United Continental from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $101.00 to $110.00 in a research report on Monday, May 20th. Buckingham Research lifted their target price on shares of United Continental from $111.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, BidaskClub raised shares of United Continental from a “sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $101.72.

In other news, Director Carolyn Corvi sold 1,032 shares of United Continental stock in a transaction on Friday, September 6th. The shares were sold at an average price of $86.37, for a total transaction of $89,133.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Gregory L. Hart sold 5,000 shares of United Continental stock in a transaction on Monday, July 29th. The stock was sold at an average price of $93.48, for a total transaction of $467,400.00. Following the transaction, the chief operating officer now owns 17,087 shares in the company, valued at approximately $1,597,292.76. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Institutional investors have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of United Continental by 2.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 12,904 shares of the transportation company’s stock valued at $1,130,000 after buying an additional 268 shares in the last quarter. Boston Partners purchased a new position in shares of United Continental during the 2nd quarter valued at $91,000. Kovitz Investment Group Partners LLC lifted its stake in shares of United Continental by 0.6% during the 2nd quarter. Kovitz Investment Group Partners LLC now owns 48,252 shares of the transportation company’s stock valued at $4,224,000 after buying an additional 302 shares in the last quarter. Stelliam Investment Management LP lifted its stake in shares of United Continental by 56.5% during the 2nd quarter. Stelliam Investment Management LP now owns 90,000 shares of the transportation company’s stock valued at $7,880,000 after buying an additional 32,500 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in shares of United Continental during the 2nd quarter valued at $51,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Shares of UAL traded up $1.97 on Tuesday, hitting $91.35. 2,755,141 shares of the stock traded hands, compared to its average volume of 2,224,486. The company has a market capitalization of $22.96 billion, a PE ratio of 10.01, a P/E/G ratio of 0.35 and a beta of 1.20. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.49 and a current ratio of 0.55. The business has a 50 day simple moving average of $86.52 and a 200 day simple moving average of $85.62. United Continental has a one year low of $77.02 and a one year high of $97.85.

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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