Equities analysts expect United Parcel Service, Inc. (NYSE:UPS) to announce earnings of $1.45 per share for the current quarter, according to Zacks. Eight analysts have made estimates for United Parcel Service’s earnings, with the highest EPS estimate coming in at $1.48 and the lowest estimate coming in at $1.43. United Parcel Service posted earnings of $1.44 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 0.7%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, October 26th.
On average, analysts expect that United Parcel Service will report full year earnings of $6.00 per share for the current financial year, with EPS estimates ranging from $5.90 to $6.07. For the next fiscal year, analysts expect that the firm will post earnings of $6.43 per share, with EPS estimates ranging from $6.22 to $6.51. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for United Parcel Service.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share.
A number of analysts have recently weighed in on UPS shares. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a research report on Monday, July 3rd. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and increased their price target for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $114.80.
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In other news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. V Wealth Management LLC acquired a new position in shares of United Parcel Service during the 2nd quarter valued at $102,000. Parkside Financial Bank & Trust boosted its stake in shares of United Parcel Service by 17.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after acquiring an additional 160 shares in the last quarter. First PREMIER Bank boosted its stake in shares of United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after acquiring an additional 50 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in shares of United Parcel Service during the 1st quarter worth $126,000. Finally, Security National Trust Co. boosted its stake in shares of United Parcel Service by 8.9% during the 1st quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock worth $134,000 after acquiring an additional 102 shares in the last quarter. Institutional investors own 52.94% of the company’s stock.
United Parcel Service (NYSE UPS) traded up 1.00% on Monday, hitting $116.20. The stock had a trading volume of 2,017,775 shares. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $120.44. The company’s 50 day moving average price is $112.83 and its 200-day moving average price is $108.70. The company has a market cap of $100.63 billion, a price-to-earnings ratio of 28.57 and a beta of 0.88.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.
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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