Analysts expect United Parcel Service, Inc. (NYSE:UPS) to announce earnings of $1.91 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for United Parcel Service’s earnings, with the highest EPS estimate coming in at $1.95 and the lowest estimate coming in at $1.83. United Parcel Service posted earnings per share of $1.58 in the same quarter last year, which indicates a positive year over year growth rate of 20.9%. The company is expected to announce its next earnings results before the market opens 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 financial year, analysts forecast 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 averages are a mean average based on a survey of sell-side research analysts that cover United Parcel Service.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. The company had revenue of $17.11 billion for the quarter, compared to analyst estimates of $16.49 billion. During the same period last year, the firm earned $1.32 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis.
Several analysts have commented on the stock. Loop Capital lifted their price objective on shares of United Parcel Service to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, May 30th. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating in a research report on Monday, May 14th. BMO Capital Markets lowered their price objective on shares of United Parcel Service to $121.00 and set a “market perform” rating on the stock in a research report on Friday, April 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $120.00 price objective on shares of United Parcel Service in a research report on Tuesday, April 10th. Finally, Stephens reaffirmed a “hold” rating and issued a $126.00 price objective on shares of United Parcel Service in a research report on Monday, April 9th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $124.47.
Shares of UPS stock opened at $113.70 on Wednesday. The stock has a market capitalization of $97.73 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.70 and a beta of 1.03. The company has a debt-to-equity ratio of 14.84, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service has a 52 week low of $101.45 and a 52 week high of $135.53.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 6th. Stockholders of record on Monday, May 21st were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, May 18th. This represents a $3.64 annualized dividend and a dividend yield of 3.20%. United Parcel Service’s payout ratio is 60.57%.
In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total value of $170,130.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Segall Bryant & Hamill LLC increased its stake in shares of United Parcel Service by 0.6% in the first quarter. Segall Bryant & Hamill LLC now owns 69,630 shares of the transportation company’s stock worth $7,287,000 after purchasing an additional 439 shares in the last quarter. Trust Co. of Toledo NA OH grew its stake in United Parcel Service by 3.1% during the fourth quarter. Trust Co. of Toledo NA OH now owns 16,570 shares of the transportation company’s stock valued at $1,974,000 after acquiring an additional 494 shares in the last quarter. Gould Asset Management LLC CA grew its stake in United Parcel Service by 27.8% during the fourth quarter. Gould Asset Management LLC CA now owns 2,300 shares of the transportation company’s stock valued at $274,000 after acquiring an additional 500 shares in the last quarter. Granite Springs Asset Management LLC grew its stake in United Parcel Service by 28.3% during the first quarter. Granite Springs Asset Management LLC now owns 2,273 shares of the transportation company’s stock valued at $238,000 after acquiring an additional 502 shares in the last quarter. Finally, Assetmark Inc. grew its stake in United Parcel Service by 2.3% during the fourth quarter. Assetmark Inc. now owns 24,662 shares of the transportation company’s stock valued at $2,926,000 after acquiring an additional 545 shares in the last quarter. Hedge funds and other institutional investors own 53.43% of the company’s stock.
United Parcel Service Company Profile
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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