Wall Street analysts predict that United Continental Holdings Inc (NASDAQ:UAL) will report $11.45 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nineteen analysts have made estimates for United Continental’s earnings, with the highest sales estimate coming in at $11.77 billion and the lowest estimate coming in at $11.19 billion. United Continental posted sales of $11.00 billion during the same quarter last year, which suggests a positive year over year growth rate of 4.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, October 15th.

According to Zacks, analysts expect that United Continental will report full year sales of $43.31 billion for the current financial year, with estimates ranging from $42.66 billion to $43.91 billion. For the next year, analysts expect that the company will post sales of $45.95 billion, with estimates ranging from $45.06 billion to $46.58 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover United Continental.

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

A number of research firms have recently issued reports on UAL. Cowen restated a “market perform” rating and issued a $99.00 target price (up previously from $97.00) on shares of United Continental in a report on Wednesday, April 17th. BidaskClub downgraded shares of Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Buckingham Research upped their price target on shares of United Continental from $111.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Morgan Stanley upped their price target on shares of United Technologies from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Finally, Imperial Capital reaffirmed an “underperform” rating and issued a $81.00 price target (up from $78.00) on shares of United Continental in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $102.76.

Institutional investors have recently bought and sold shares of the business. First Trust Advisors LP lifted its stake in shares of United Continental by 24.4% in the second quarter. First Trust Advisors LP now owns 351,871 shares of the transportation company’s stock valued at $30,806,000 after buying an additional 69,065 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of United Continental by 1.4% in the second quarter. Janney Montgomery Scott LLC now owns 26,437 shares of the transportation company’s stock valued at $2,315,000 after buying an additional 372 shares during the period. ARP Americas LP lifted its stake in shares of United Continental by 268.3% in the second quarter. ARP Americas LP now owns 80,988 shares of the transportation company’s stock valued at $7,090,000 after buying an additional 59,000 shares during the period. Northpointe Capital LLC lifted its stake in shares of United Continental by 18.9% in the second quarter. Northpointe Capital LLC now owns 40,227 shares of the transportation company’s stock valued at $3,522,000 after buying an additional 6,386 shares during the period. Finally, Creative Planning lifted its stake in shares of United Continental by 16.7% in the second quarter. Creative Planning now owns 15,700 shares of the transportation company’s stock valued at $1,375,000 after buying an additional 2,245 shares during the period. 98.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UAL traded up $0.01 during mid-day trading on Friday, reaching $93.45. The company’s stock had a trading volume of 95,917 shares, compared to its average volume of 2,826,045. The company has a fifty day moving average price of $89.76. The company has a market cap of $24.01 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 0.37 and a beta of 1.11. United Continental has a 1 year low of $77.02 and a 1 year high of $97.85. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.49 and a current ratio of 0.55.

United Continental Company Profile

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.

Featured Story: Why is insider trading harmful?

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 (NASDAQ: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.