Wall Street brokerages expect that United Parcel Service, Inc. (NYSE:UPS) will post $16.44 billion in sales for the current quarter, according to Zacks. Eight analysts have made estimates for United Parcel Service’s earnings. The lowest sales estimate is $16.10 billion and the highest is $16.63 billion. United Parcel Service reported sales of $15.32 billion during the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that United Parcel Service will report full year sales of $16.44 billion for the current financial year, with estimates ranging from $69.83 billion to $70.29 billion. For the next fiscal year, analysts expect that the firm will report sales of $74.06 billion per share, with estimates ranging from $72.38 billion to $76.08 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover United Parcel Service.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. The business had revenue of $18.83 billion for the quarter, compared to analysts’ expectations of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 EPS.
A number of equities research analysts recently weighed in on the company. Loop Capital upped their price target on United Parcel Service from $131.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Stifel Nicolaus upgraded United Parcel Service from a “hold” rating to a “buy” rating and lowered their price target for the stock from $127.00 to $121.00 in a report on Tuesday, March 6th. Knight Equity cut United Parcel Service from a “buy” rating to a “hold” rating and lowered their price target for the stock from $135.00 to $115.00 in a report on Thursday, February 22nd. Finally, Deutsche Bank cut United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 price target on the stock. in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $125.21.
In related news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $106.80, for a total value of $480,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of UPS. Focused Wealth Management Inc purchased a new position in shares of United Parcel Service during the 4th quarter worth $106,000. Wagner Wealth Management LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth $115,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United Parcel Service during the 3rd quarter worth $120,000. Resources Investment Advisors Inc. lifted its stake in shares of United Parcel Service by 51.2% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock worth $147,000 after purchasing an additional 418 shares during the period. Finally, Icon Wealth Partners LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth $195,000. 54.06% of the stock is currently owned by institutional investors.
Shares of UPS traded down $0.82 on Wednesday, reaching $103.84. The stock had a trading volume of 4,578,771 shares, compared to its average volume of 4,978,049. The stock has a market cap of $90,176.41, a P/E ratio of 17.28, a P/E/G ratio of 1.56 and a beta of 1.03. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service has a twelve month low of $101.45 and a twelve month high of $135.53.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th were paid a $0.91 dividend. The ex-dividend date was Friday, February 16th. This represents a $3.64 dividend on an annualized basis and a yield of 3.51%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio is presently 60.57%.
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About United Parcel Service
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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