Equities analysts expect United Parcel Service, Inc. (NYSE:UPS) to announce sales of $17.94 billion for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for United Parcel Service’s earnings. The highest sales estimate is $18.43 billion and the lowest is $17.65 billion. United Parcel Service posted sales of $17.46 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2.7%. The company is scheduled to report its next quarterly earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that United Parcel Service will report full year sales of $74.46 billion for the current fiscal year, with estimates ranging from $73.62 billion to $75.24 billion. For the next year, analysts anticipate that the business will report sales of $77.91 billion, with estimates ranging from $76.18 billion to $79.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for United Parcel Service.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.03). The firm had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.79 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS.
Shares of United Parcel Service stock opened at $101.31 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 5.85. The firm has a market capitalization of $85.52 billion, a PE ratio of 13.99, a PEG ratio of 1.53 and a beta of 1.16. United Parcel Service has a fifty-two week low of $89.89 and a fifty-two week high of $125.09.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Monday, May 20th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.79%. The ex-dividend date is Friday, May 17th. United Parcel Service’s payout ratio is 53.04%.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total transaction of $159,045.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Teri P. Mcclure sold 5,000 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $109.72, for a total value of $548,600.00. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of UPS. Oregon Public Employees Retirement Fund raised its position in United Parcel Service by 9,644.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,364,978 shares of the transportation company’s stock valued at $76,000 after buying an additional 7,289,396 shares during the period. Norges Bank acquired a new position in United Parcel Service during the fourth quarter valued at $491,939,000. Ronna Sue Cohen raised its position in United Parcel Service by 10,745.2% during the first quarter. Ronna Sue Cohen now owns 2,945,780 shares of the transportation company’s stock valued at $2,946,000 after buying an additional 2,918,618 shares during the period. FMR LLC raised its position in United Parcel Service by 19.5% during the first quarter. FMR LLC now owns 14,645,570 shares of the transportation company’s stock valued at $1,636,496,000 after buying an additional 2,391,075 shares during the period. Finally, Boston Partners raised its position in United Parcel Service by 3,240.0% during the fourth quarter. Boston Partners now owns 1,891,319 shares of the transportation company’s stock valued at $184,460,000 after buying an additional 1,834,692 shares during the period. 55.77% of the stock is currently owned by hedge funds and other institutional investors.
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.
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