Equities research analysts predict that United Parcel Service, Inc. (NYSE:UPS) will report sales of $16.46 billion for the current quarter, according to Zacks. Eight analysts have made estimates for United Parcel Service’s earnings, with the highest sales estimate coming in at $16.63 billion and the lowest estimate coming in at $16.10 billion. United Parcel Service reported sales of $15.32 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.4%. The firm is expected to announce its next earnings report on Thursday, April 26th.
On average, analysts expect that United Parcel Service will report full year sales of $16.46 billion for the current year, with estimates ranging from $69.82 billion to $70.29 billion. For the next financial year, analysts expect that the business will post sales of $74.07 billion per share, with estimates ranging from $72.37 billion to $76.08 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover United Parcel Service.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year.
Several research analysts have weighed in on UPS shares. Goldman Sachs Group started coverage on shares of United Parcel Service in a research report on Monday, November 13th. They set a “buy” rating and a $148.00 target price on the stock. BMO Capital Markets upped their target price on shares of United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Vetr upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price on the stock in a research report on Tuesday, December 26th. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their target price for the stock from $125.00 to $135.00 in a research report on Monday, December 4th. Finally, Credit Suisse Group restated a “hold” rating and set a $137.00 target price on shares of United Parcel Service in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $126.47.
United Parcel Service (NYSE:UPS) opened at $104.70 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 19.69. United Parcel Service has a 1 year low of $102.12 and a 1 year high of $135.53. The firm has a market cap of $90,220.00, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.59 and a beta of 0.91.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be given a $0.91 dividend. The ex-dividend date is Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a dividend yield of 3.48%. United Parcel Service’s dividend payout ratio is currently 64.88%.
Hedge funds have recently added to or reduced their stakes in the company. Buckingham Asset Management LLC lifted its stake in shares of United Parcel Service by 5.4% during the second quarter. Buckingham Asset Management LLC now owns 7,232 shares of the transportation company’s stock valued at $800,000 after buying an additional 369 shares during the period. Schulhoff & Co. Inc. lifted its stake in shares of United Parcel Service by 9.1% during the second quarter. Schulhoff & Co. Inc. now owns 18,863 shares of the transportation company’s stock valued at $2,086,000 after buying an additional 1,568 shares during the period. Brookstone Capital Management lifted its stake in shares of United Parcel Service by 9.0% during the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after buying an additional 4,541 shares during the period. Iat Reinsurance Co. LTD. purchased a new position in shares of United Parcel Service during the second quarter valued at approximately $2,212,000. Finally, Monroe Bank & Trust MI lifted its stake in shares of United Parcel Service by 5.1% during the second quarter. Monroe Bank & Trust MI now owns 5,011 shares of the transportation company’s stock valued at $554,000 after buying an additional 244 shares during the period. Institutional investors and hedge funds own 53.33% 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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