Equities research analysts forecast that United Airlines Holdings, Inc. (NASDAQ:UALGet Rating) will announce sales of $10.95 billion for the current quarter, according to Zacks. Nineteen analysts have provided estimates for United Airlines’ earnings, with the highest sales estimate coming in at $12.23 billion and the lowest estimate coming in at $9.73 billion. United Airlines posted sales of $5.47 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 100.2%. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that United Airlines will report full-year sales of $42.14 billion for the current fiscal year, with estimates ranging from $39.69 billion to $45.36 billion. For the next fiscal year, analysts forecast that the company will post sales of $48.08 billion, with estimates ranging from $44.96 billion to $51.71 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover United Airlines.

United Airlines (NASDAQ:UALGet Rating) last announced its quarterly earnings data on Wednesday, April 20th. The transportation company reported ($4.24) EPS for the quarter, missing analysts’ consensus estimates of ($4.19) by ($0.05). The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.68 billion. United Airlines had a negative return on equity of 73.54% and a negative net margin of 6.85%. The firm’s quarterly revenue was up 134.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($7.50) EPS.

A number of brokerages have commented on UAL. Raymond James cut their price objective on shares of United Airlines from $67.00 to $62.00 and set an “outperform” rating for the company in a research report on Monday, March 21st. Exane BNP Paribas upgraded shares of United Airlines from an “underperform” rating to a “neutral” rating in a report on Friday, March 18th. Cowen increased their price target on shares of United Airlines from $78.00 to $86.50 and gave the company an “outperform” rating in a report on Friday, April 22nd. The Goldman Sachs Group increased their price target on shares of United Airlines from $52.00 to $59.00 and gave the company a “buy” rating in a report on Friday, April 22nd. Finally, Morgan Stanley increased their price target on shares of United Airlines from $62.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, April 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has a consensus rating of “Buy” and an average price target of $63.33.

In other United Airlines news, EVP Torbjorn J. Enqvist sold 8,900 shares of the firm’s stock in a transaction dated Friday, April 22nd. The shares were sold at an average price of $51.33, for a total transaction of $456,837.00. Following the sale, the executive vice president now directly owns 19,190 shares of the company’s stock, valued at approximately $985,022.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of United Airlines by 2.1% in the first quarter. Vanguard Group Inc. now owns 34,550,592 shares of the transportation company’s stock worth $1,601,764,000 after acquiring an additional 700,850 shares during the last quarter. State Street Corp boosted its position in shares of United Airlines by 3.3% in the fourth quarter. State Street Corp now owns 10,496,229 shares of the transportation company’s stock worth $459,525,000 after acquiring an additional 334,272 shares during the last quarter. U S Global Investors Inc. boosted its position in shares of United Airlines by 17.4% in the first quarter. U S Global Investors Inc. now owns 8,690,336 shares of the transportation company’s stock worth $402,884,000 after acquiring an additional 1,286,491 shares during the last quarter. Capital International Investors acquired a new stake in shares of United Airlines in the first quarter worth approximately $351,299,000. Finally, Geode Capital Management LLC raised its holdings in United Airlines by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 6,026,644 shares of the transportation company’s stock valued at $263,454,000 after buying an additional 155,874 shares during the period. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Airlines stock opened at $43.55 on Friday. The company has a market cap of $14.14 billion, a P/E ratio of -7.10 and a beta of 1.23. The company has a debt-to-equity ratio of 8.24, a quick ratio of 0.99 and a current ratio of 1.04. United Airlines has a one year low of $30.54 and a one year high of $60.58. The firm has a fifty day moving average of $45.23 and a two-hundred day moving average of $44.74.

United Airlines Company Profile (Get Rating)

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties.

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



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