Analysts Anticipate United Airlines Holdings, Inc. (NASDAQ:UAL) Will Post Quarterly Sales of $7.96 Billion

Equities analysts expect United Airlines Holdings, Inc. (NASDAQ:UAL) to post $7.96 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Sixteen analysts have provided estimates for United Airlines’ earnings, with the highest sales estimate coming in at $8.19 billion and the lowest estimate coming in at $7.85 billion. United Airlines posted sales of $3.41 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 133.4%. The business is scheduled to report its next earnings results on Wednesday, January 19th.

According to Zacks, analysts expect that United Airlines will report full year sales of $24.43 billion for the current financial year, with estimates ranging from $24.29 billion to $24.84 billion. For the next financial year, analysts expect that the company will post sales of $41.79 billion, with estimates ranging from $36.44 billion to $44.75 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for United Airlines.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Monday, October 18th. The transportation company reported ($1.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.65) by $0.63. United Airlines had a negative return on equity of 112.46% and a negative net margin of 16.19%. The business had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same quarter in the previous year, the company earned ($8.16) EPS. The company’s quarterly revenue was up 211.4% on a year-over-year basis.

Several research analysts have weighed in on UAL shares. Morgan Stanley cut their price target on United Airlines from $70.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, September 14th. Cowen boosted their price target on United Airlines from $72.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 21st. Finally, Redburn Partners started coverage on United Airlines in a report on Wednesday, August 11th. They issued a “sell” rating for the company. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.31.

Shares of United Airlines stock traded up $0.03 during trading on Thursday, hitting $46.73. 5,584,635 shares of the company were exchanged, compared to its average volume of 13,131,021. The company has a quick ratio of 1.31, a current ratio of 1.36 and a debt-to-equity ratio of 5.85. United Airlines has a fifty-two week low of $39.17 and a fifty-two week high of $63.70. The stock has a market capitalization of $15.12 billion, a price-to-earnings ratio of -4.42 and a beta of 1.51. The firm has a 50 day moving average price of $48.28 and a 200 day moving average price of $49.83.

In other news, President Brett J. Hart sold 77,777 shares of the stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $45.14, for a total transaction of $3,510,853.78. Following the transaction, the president now owns 35,076 shares of the company’s stock, valued at $1,583,330.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jonathan Roitman sold 3,760 shares of the stock in a transaction dated Tuesday, September 14th. The stock was sold at an average price of $43.94, for a total transaction of $165,214.40. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAL. Parisi Gray Wealth Management acquired a new stake in shares of United Airlines in the second quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new position in shares of United Airlines in the third quarter valued at approximately $26,000. Strategic Asset Management LLC bought a new position in shares of United Airlines in the third quarter valued at approximately $30,000. Koshinski Asset Management Inc. bought a new position in shares of United Airlines in the third quarter valued at approximately $37,000. Finally, Hudock Inc. boosted its holdings in United Airlines by 33.9% during the third quarter. Hudock Inc. now owns 790 shares of the transportation company’s stock worth $37,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 59.85% of the company’s stock.

United Airlines Company Profile

United Airlines Holdings, Inc is a holding company, which offers satellite based Wi-Fi, including on long-haul overseas routes. It transports people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. UAL, through United and its regional carriers.

Recommended Story: How to calculate the annual rate of depreciation

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

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

Earnings History and Estimates for United Airlines (NASDAQ:UAL)

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