United Continental Holdings Inc (UAL) Expected to Announce Quarterly Sales of $10.32 Billion

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.



A number of research firms recently weighed in on UAL. Macquarie downgraded United Continental from an “outperform” rating to a “neutral” rating and set a $95.00 target price for the company. in a research report on Tuesday, September 18th. They noted that the move was a valuation call. Morgan Stanley set a $92.00 target price on United Continental and gave the company a “hold” rating in a report on Tuesday, September 18th. Zacks Investment Research raised United Continental from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Monday, October 1st. Imperial Capital increased their target price on United Continental from $85.00 to $96.00 and gave the company an “in-line” rating in a report on Thursday, September 27th. They noted that the move was a valuation call. Finally, Cowen reissued a “market perform” rating and issued a $94.00 target price (up previously from $82.00) on shares of United Continental in a report on Wednesday, October 17th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. United Continental currently has a consensus rating of “Buy” and an average price target of $100.38.

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.

Featured Article: What Is An Exchange-Traded Fund (ETF)?

Get a free copy of the Zacks research report on United Continental (UAL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for United Continental (NYSE:UAL)

Receive News & Ratings for United Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply