$7.64 Billion in Sales Expected for United Airlines Holdings, Inc. (NASDAQ:UAL) This Quarter

Equities analysts expect United Airlines Holdings, Inc. (NASDAQ:UAL) to announce sales of $7.64 billion for the current quarter, according to Zacks Investment Research. Fifteen analysts have issued estimates for United Airlines’ earnings, with the lowest sales estimate coming in at $7.57 billion and the highest estimate coming in at $7.68 billion. United Airlines posted sales of $2.49 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 206.8%. The business is expected to announce its next earnings report after the market closes on Tuesday, October 19th.

According to Zacks, analysts expect that United Airlines will report full-year sales of $24.64 billion for the current fiscal year, with estimates ranging from $23.91 billion to $25.93 billion. For the next fiscal year, analysts anticipate that the business will report sales of $40.36 billion, with estimates ranging from $33.41 billion to $44.66 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow United Airlines.

United Airlines (NASDAQ:UAL) last released its earnings results on Monday, July 19th. The transportation company reported ($3.91) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.17) by $0.26. United Airlines had a negative return on equity of 140.25% and a negative net margin of 37.89%. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the previous year, the company posted ($9.31) EPS. United Airlines’s revenue for the quarter was up 270.9% on a year-over-year basis.

Several research firms recently issued reports on UAL. Morgan Stanley lowered their price objective on United Airlines from $70.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 14th. Argus cut United Airlines from a “buy” rating to a “hold” rating in a research report on Tuesday, July 13th. Wolfe Research raised United Airlines from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 18th. MKM Partners lowered their price objective on United Airlines from $65.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, July 22nd. Finally, Redburn Partners began coverage on United Airlines in a report on Wednesday, August 11th. They set a “sell” rating on the stock. Five analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.67.

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

Large investors have recently made changes to their positions in the stock. Parisi Gray Wealth Management bought a new position in shares of United Airlines in the 2nd quarter valued at about $26,000. Koshinski Asset Management Inc. bought a new stake in United Airlines in the third quarter worth about $37,000. Harvest Fund Management Co. Ltd lifted its stake in United Airlines by 157.2% in the second quarter. Harvest Fund Management Co. Ltd now owns 949 shares of the transportation company’s stock worth $50,000 after purchasing an additional 580 shares during the last quarter. Pflug Koory LLC bought a new stake in United Airlines in the second quarter worth about $50,000. Finally, Hexagon Capital Partners LLC bought a new stake in United Airlines in the second quarter worth about $52,000. 59.98% of the stock is owned by hedge funds and other institutional investors.

Shares of United Airlines stock traded up $0.46 during midday trading on Monday, hitting $48.34. The company had a trading volume of 204,086 shares, compared to its average volume of 13,570,395. The company has a debt-to-equity ratio of 7.64, a quick ratio of 1.32 and a current ratio of 1.37. The stock has a market capitalization of $15.64 billion, a P/E ratio of -2.61 and a beta of 1.58. The company has a 50 day moving average of $46.95 and a 200 day moving average of $51.37. United Airlines has a 52-week low of $32.16 and a 52-week high of $63.70.

About United Airlines

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.

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

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