Equities analysts expect that United Parcel Service, Inc. (NYSE:UPS) will report earnings per share (EPS) of $1.91 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for United Parcel Service’s earnings, with the lowest EPS estimate coming in at $1.83 and the highest estimate coming in at $1.95. United Parcel Service reported earnings per share of $1.58 during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.9%. The company is scheduled to report its next quarterly earnings report before the market opens 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 fiscal year, with EPS estimates ranging from $7.15 to $7.30. For the next year, analysts expect that the business will post earnings of $7.79 per share, with EPS estimates ranging from $7.28 to $8.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for United Parcel Service.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.01. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. The business had revenue of $17.11 billion for the quarter, compared to analysts’ expectations of $16.49 billion. During the same period in the prior year, the firm earned $1.32 earnings per share. United Parcel Service’s revenue was up 10.3% compared to the same quarter last year.
Several analysts have recently commented on the stock. Loop Capital increased their price target on shares of United Parcel Service to $139.00 and gave the company a “buy” rating in a research note on Wednesday, May 30th. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating in a research note on Monday, May 14th. BMO Capital Markets decreased their price target on shares of United Parcel Service to $121.00 and set a “market perform” rating on the stock in a research note on Friday, April 27th. Robert W. Baird reissued a “hold” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Tuesday, April 10th. Finally, Stephens reissued a “hold” rating and set a $126.00 price target on shares of United Parcel Service in a research note on Monday, April 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $124.47.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 1st. The shares were 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 can be accessed through this hyperlink. 0.56% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Segall Bryant & Hamill LLC boosted its position in shares of United Parcel Service by 0.6% during the first quarter. Segall Bryant & Hamill LLC now owns 69,630 shares of the transportation company’s stock worth $7,287,000 after purchasing an additional 439 shares in the last quarter. Trust Co. of Toledo NA OH increased its stake in United Parcel Service by 3.1% in the 4th quarter. Trust Co. of Toledo NA OH now owns 16,570 shares of the transportation company’s stock valued at $1,974,000 after buying an additional 494 shares during the last quarter. Gould Asset Management LLC CA increased its stake in United Parcel Service by 27.8% in the 4th 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 during the last quarter. Granite Springs Asset Management LLC increased its stake in United Parcel Service by 28.3% in the 1st quarter. Granite Springs Asset Management LLC now owns 2,273 shares of the transportation company’s stock valued at $238,000 after buying an additional 502 shares during the last quarter. Finally, Assetmark Inc. increased its stake in United Parcel Service by 2.3% in the 4th quarter. Assetmark Inc. now owns 24,662 shares of the transportation company’s stock valued at $2,926,000 after buying an additional 545 shares during the last quarter. 53.45% of the stock is currently owned by institutional investors.
Shares of UPS traded down $1.19 during mid-day trading on Wednesday, hitting $108.38. 2,940,800 shares of the company traded hands, compared to its average volume of 4,090,035. United Parcel Service has a one year low of $101.45 and a one year high of $135.53. The company has a debt-to-equity ratio of 14.84, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $94.96 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.03.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Shareholders of record on Monday, May 21st were paid a $0.91 dividend. The ex-dividend date was Friday, May 18th. This represents a $3.64 dividend on an annualized basis and a yield of 3.36%. United Parcel Service’s payout ratio is presently 60.57%.
About United Parcel Service
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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