Wall Street analysts forecast that United Continental Holdings Inc (NYSE:UAL) will report $10.32 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for United Continental’s earnings, with the lowest sales estimate coming in at $10.02 billion and the highest estimate coming in at $10.48 billion. United Continental reported sales of $9.44 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 9.3%. The business is scheduled to report its next quarterly earnings report on Tuesday, January 22nd.
On average, analysts expect that United Continental will report full-year sales of $41.13 billion for the current year, with estimates ranging from $40.78 billion to $41.29 billion. For the next year, analysts expect that the firm will report sales of $43.96 billion, with estimates ranging from $43.63 billion to $44.51 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow United Continental.
United Continental (NYSE:UAL) last released its earnings results on Tuesday, October 16th. The transportation company reported $3.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.01). The firm had revenue of $11 billion during the quarter, compared to analysts’ expectations of $10.95 billion. United Continental had a return on equity of 24.28% and a net margin of 5.23%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.22 earnings per share.
UAL stock traded down $0.21 during midday trading on Tuesday, hitting $84.78. The stock had a trading volume of 2,396,470 shares, compared to its average volume of 3,811,713. The stock has a market capitalization of $23.75 billion, a P/E ratio of 12.54, a PEG ratio of 0.51 and a beta of 0.75. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.56 and a current ratio of 0.63. United Continental has a 12-month low of $56.51 and a 12-month high of $91.39.
Several large investors have recently added to or reduced their stakes in UAL. LPL Financial LLC grew its holdings in United Continental by 23.0% during the 1st quarter. LPL Financial LLC now owns 17,997 shares of the transportation company’s stock valued at $1,250,000 after buying an additional 3,361 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of United Continental by 15.2% in the 1st quarter. Millennium Management LLC now owns 147,469 shares of the transportation company’s stock worth $10,245,000 after purchasing an additional 19,480 shares during the period. Atlantic Trust Group LLC boosted its holdings in shares of United Continental by 13.1% in the 1st quarter. Atlantic Trust Group LLC now owns 12,791 shares of the transportation company’s stock worth $889,000 after purchasing an additional 1,486 shares during the period. CIBC World Markets Inc. boosted its holdings in shares of United Continental by 14.1% in the 1st quarter. CIBC World Markets Inc. now owns 7,357 shares of the transportation company’s stock worth $511,000 after purchasing an additional 910 shares during the period. Finally, Summit Trail Advisors LLC boosted its holdings in shares of United Continental by 9,454.7% in the 1st quarter. Summit Trail Advisors LLC now owns 139,785 shares of the transportation company’s stock worth $140,000 after purchasing an additional 138,322 shares during the period. Hedge funds and other institutional investors own 95.21% of the company’s stock.
About United Continental
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
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