Zacks: Brokerages Expect United Continental Holdings Inc (NASDAQ:UAL) Will Announce Quarterly Sales of $1.18 Billion
Equities analysts forecast that United Continental Holdings Inc (NASDAQ:UAL) will announce $1.18 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Sixteen analysts have issued estimates for United Continental’s earnings, with the lowest sales estimate coming in at $726.20 million and the highest estimate coming in at $1.84 billion. United Continental reported sales of $11.40 billion during the same quarter last year, which indicates a negative year over year growth rate of 89.6%. The business is expected to announce its next earnings report on Tuesday, July 21st.
On average, analysts expect that United Continental will report full year sales of $18.82 billion for the current financial year, with estimates ranging from $14.71 billion to $23.26 billion. For the next financial year, analysts anticipate that the business will report sales of $30.95 billion, with estimates ranging from $23.39 billion to $36.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for United Continental.
United Continental (NASDAQ:UAL) last announced its earnings results on Thursday, April 30th. The transportation company reported ($2.57) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.36) by $0.79. The business had revenue of $7.98 billion during the quarter, compared to the consensus estimate of $8.21 billion. United Continental had a return on equity of 20.51% and a net margin of 2.43%. The business’s quarterly revenue was down 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 EPS.
Shares of UAL stock traded down $0.66 during trading hours on Thursday, hitting $34.61. 54,280,255 shares of the company’s stock were exchanged, compared to its average volume of 35,758,613. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 1.98. The firm has a market cap of $8.75 billion, a P/E ratio of 9.40 and a beta of 1.47. The firm has a 50 day moving average of $32.16 and a two-hundred day moving average of $52.94. United Continental has a fifty-two week low of $17.80 and a fifty-two week high of $96.03.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of United Continental by 2.3% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 31,800 shares of the transportation company’s stock worth $1,003,000 after purchasing an additional 700 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in shares of United Continental by 50.7% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 13,083 shares of the transportation company’s stock worth $413,000 after purchasing an additional 4,402 shares during the period. Highlander Capital Management LLC grew its holdings in shares of United Continental by 6.8% during the 1st quarter. Highlander Capital Management LLC now owns 15,125 shares of the transportation company’s stock worth $477,000 after purchasing an additional 965 shares during the period. Morgan Stanley grew its holdings in shares of United Continental by 198.2% during the 1st quarter. Morgan Stanley now owns 2,066,739 shares of the transportation company’s stock worth $65,207,000 after purchasing an additional 1,373,783 shares during the period. Finally, Verus Capital Partners LLC grew its holdings in shares of United Continental by 121.7% during the 1st quarter. Verus Capital Partners LLC now owns 2,040 shares of the transportation company’s stock worth $64,000 after purchasing an additional 1,120 shares during the period. Institutional investors and hedge funds own 85.18% of the company’s stock.
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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