Zacks: Brokerages Anticipate United Parcel Service (UPS) to Post $1.90 EPS

Equities research analysts predict that United Parcel Service (NYSE:UPS) will report earnings of $1.90 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for United Parcel Service’s earnings. The lowest EPS estimate is $1.83 and the highest is $1.95. United Parcel Service reported earnings of $1.58 per share in the same quarter last year, which would indicate a positive year over year growth rate of 20.3%. The firm is expected to issue its next quarterly earnings results on Thursday, July 26th.

On average, analysts expect that United Parcel Service will report full-year earnings of $7.23 per share for the current year, with EPS estimates ranging from $7.15 to $7.30. For the next year, analysts anticipate that the business will post earnings of $7.79 per share, with EPS estimates ranging from $7.28 to $8.00. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for United Parcel Service.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The firm had revenue of $17.11 billion for the quarter, compared to analyst estimates of $16.49 billion. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 earnings per share.

Several research analysts have weighed in on the company. Robert W. Baird reiterated a “hold” rating and set a $120.00 target price on shares of United Parcel Service in a report on Tuesday, April 10th. BMO Capital Markets lifted their price target on United Parcel Service to $130.00 and gave the stock a “market perform” rating in a 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 target for the company in a report on Thursday, February 1st. Stephens reiterated a “hold” rating and set a $126.00 price target on shares of United Parcel Service in a report on Monday, April 9th. Finally, Knight Equity cut United Parcel Service from a “buy” rating to a “hold” rating and reduced their price target for the stock from $135.00 to $115.00 in a report on Thursday, February 22nd. 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 presently has a consensus rating of “Hold” and an average price target of $124.26.

United Parcel Service traded up $1.11, hitting $116.49, during midday trading on Wednesday, Marketbeat Ratings reports. 76,652 shares of the company’s stock were exchanged, compared to its average volume of 4,444,952. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 14.84. The firm has a market cap of $99.42 billion, a PE ratio of 19.36, a P/E/G ratio of 1.73 and a beta of 1.02. United Parcel Service has a one year low of $101.45 and a one year high of $135.53.

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 paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 60.57%.

In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the business’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 transaction of $170,130.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Teri P. Mcclure sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Large investors have recently made changes to their positions in the company. Wagner Wealth Management LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth $115,000. Focused Wealth Management Inc acquired a new position in shares of United Parcel Service during the fourth quarter worth $106,000. Massey Quick Simon & CO. LLC increased its holdings in shares of United Parcel Service by 2,857.1% during the first quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock worth $108,000 after buying an additional 1,000 shares in the last quarter. Gables Capital Management Inc. acquired a new position in shares of United Parcel Service during the first quarter worth $119,000. Finally, Silvant Capital Management LLC acquired a new stake in United Parcel Service in the first quarter valued at $122,000. Institutional investors own 53.60% of the company’s stock.

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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Earnings History and Estimates for United Parcel Service (NYSE:UPS)

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