Brokerages expect that United Parcel Service (NYSE:UPS) will announce $1.90 earnings per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for United Parcel Service’s earnings, with estimates ranging from $1.83 to $1.95. United Parcel Service reported earnings of $1.58 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.3%. The firm is expected to announce its next earnings results on Thursday, July 26th.
According to Zacks, analysts expect that United Parcel Service will report full-year earnings of $7.23 per share for the current financial year, with EPS estimates ranging from $7.15 to $7.30. For the next fiscal year, analysts forecast that the business will report earnings of $7.79 per share, with EPS estimates ranging from $7.28 to $8.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow United Parcel Service.
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United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. The company had revenue of $17.11 billion during the quarter, compared to the consensus estimate of $16.49 billion. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 EPS.
A number of equities research analysts recently weighed in on the company. Credit Suisse Group restated a “hold” rating and issued a $137.00 price target on shares of United Parcel Service in a research note on Wednesday, January 17th. BMO Capital Markets increased their price objective on United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 price objective on the stock in a research report on Thursday, February 1st. Morgan Stanley increased their price objective on United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday, February 2nd. Finally, Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $124.26.
Shares of United Parcel Service traded up $0.71, hitting $116.32, during trading hours on Wednesday, according to Marketbeat. The company had a trading volume of 1,970,011 shares, compared to its average volume of 4,474,120. The company has a market cap of $100.25 billion, a PE ratio of 19.35, a PEG ratio of 1.74 and a beta of 1.02. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 14.84. United Parcel Service has a 1-year low of $115.53 and a 1-year high of $116.38.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Investors of record on Monday, May 21st will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, May 18th. United Parcel Service’s payout ratio is currently 60.57%.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total value of $170,130.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Teri P. Mcclure sold 4,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Sawyer & Company Inc acquired a new stake in United Parcel Service in the fourth quarter valued at about $2,779,000. Palo Capital Inc. boosted its stake in United Parcel Service by 8.7% in the fourth quarter. Palo Capital Inc. now owns 30,452 shares of the transportation company’s stock valued at $3,628,000 after buying an additional 2,434 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in United Parcel Service by 188.1% in the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 72,946 shares of the transportation company’s stock valued at $8,735,000 after buying an additional 47,629 shares in the last quarter. Gould Asset Management LLC CA boosted its stake in United Parcel Service by 27.8% in the fourth quarter. Gould Asset Management LLC CA now owns 2,300 shares of the transportation company’s stock valued at $274,000 after buying an additional 500 shares in the last quarter. Finally, Westpac Banking Corp boosted its stake in United Parcel Service by 0.4% in the fourth quarter. Westpac Banking Corp now owns 200,318 shares of the transportation company’s stock valued at $23,868,000 after buying an additional 823 shares in the last quarter. 54.27% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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