Equities analysts forecast that United Parcel Service, Inc. (NYSE:UPS) will announce $1.65 earnings per share for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for United Parcel Service’s earnings, with the highest EPS estimate coming in at $1.72 and the lowest estimate coming in at $1.62. United Parcel Service reported earnings per share of $1.63 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.2%. The business is scheduled to announce its next earnings results before the market opens on Thursday, February 1st.
According to Zacks, analysts expect that United Parcel Service will report full-year earnings of $5.99 per share for the current fiscal year, with EPS estimates ranging from $5.96 to $6.07. For the next fiscal year, analysts anticipate that the business will report earnings of $6.93 per share, with EPS estimates ranging from $6.27 to $7.83. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow United Parcel Service.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting analysts’ consensus estimates of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis.
Several equities analysts recently weighed in on the stock. Credit Suisse Group reaffirmed a “hold” rating and set a $137.00 price objective on shares of United Parcel Service in a research report on Wednesday. Robert W. Baird restated a “hold” rating and issued a $130.00 price objective on shares of United Parcel Service in a research note on Tuesday, January 9th. Deutsche Bank restated a “buy” rating and issued a $145.00 price objective (up previously from $135.00) on shares of United Parcel Service in a research note on Monday, January 8th. Knight Equity reaffirmed a “buy” rating and issued a $135.00 target price (down from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Finally, Vetr raised United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price objective for the company in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $124.09.
United Parcel Service (NYSE:UPS) traded down $1.21 during midday trading on Wednesday, hitting $132.88. 4,126,500 shares of the stock were exchanged, compared to its average volume of 4,196,020. The stock has a market capitalization of $114,610.00, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $134.71.
A number of hedge funds have recently made changes to their positions in the stock. Bach Investment Advisors Ltd acquired a new position in shares of United Parcel Service during the 4th quarter worth about $396,000. National Pension Service grew its position in shares of United Parcel Service by 4.9% during the 4th quarter. National Pension Service now owns 580,826 shares of the transportation company’s stock worth $69,205,000 after buying an additional 27,331 shares during the period. RNC Capital Management LLC grew its position in shares of United Parcel Service by 0.8% during the 4th quarter. RNC Capital Management LLC now owns 263,587 shares of the transportation company’s stock worth $31,407,000 after buying an additional 2,068 shares during the period. E&G Advisors LP acquired a new position in shares of United Parcel Service during the 4th quarter worth about $381,000. Finally, Bank of Montreal Can grew its position in shares of United Parcel Service by 49.3% during the 4th quarter. Bank of Montreal Can now owns 996,463 shares of the transportation company’s stock worth $118,729,000 after buying an additional 328,966 shares during the period. Hedge funds and other institutional investors own 53.50% of the company’s stock.
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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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