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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.