Wall Street brokerages expect that United Parcel Service, Inc. (NYSE:UPS) will post $17.94 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided 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 reported sales of $17.46 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The firm is expected to report its next earnings results on Wednesday, July 24th.
On average, analysts expect that United Parcel Service will report full-year sales of $74.46 billion for the current year, with estimates ranging from $73.62 billion to $75.24 billion. For the next fiscal year, analysts anticipate that the company will report sales of $77.91 billion, with estimates ranging from $76.18 billion to $79.28 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for United Parcel Service.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.03). The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.55 EPS.
Shares of NYSE:UPS traded down $0.40 during mid-day trading on Friday, reaching $101.62. 1,829,527 shares of the stock were exchanged, compared to its average volume of 2,901,630. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $87.47 billion, a PE ratio of 14.33, a PEG ratio of 1.57 and a beta of 1.19. United Parcel Service has a one year low of $89.89 and a one year high of $125.09.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Monday, May 20th were paid a $0.96 dividend. The ex-dividend date was Friday, May 17th. This represents a $3.84 dividend on an annualized basis and a yield of 3.78%. United Parcel Service’s dividend payout ratio is 53.04%.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total value of $159,045.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Allred Capital Management LLC lifted its position in shares of United Parcel Service by 1.4% in the first quarter. Allred Capital Management LLC now owns 7,031 shares of the transportation company’s stock valued at $799,000 after buying an additional 100 shares during the last quarter. Community Bank N.A. lifted its position in shares of United Parcel Service by 0.6% in the first quarter. Community Bank N.A. now owns 16,129 shares of the transportation company’s stock valued at $1,802,000 after buying an additional 100 shares during the last quarter. Avestar Capital LLC lifted its position in shares of United Parcel Service by 9.0% in the first quarter. Avestar Capital LLC now owns 1,257 shares of the transportation company’s stock valued at $123,000 after buying an additional 104 shares during the last quarter. Howe & Rusling Inc. lifted its position in shares of United Parcel Service by 22.8% in the first quarter. Howe & Rusling Inc. now owns 614 shares of the transportation company’s stock valued at $69,000 after buying an additional 114 shares during the last quarter. Finally, Claro Advisors LLC lifted its holdings in United Parcel Service by 5.9% during the 1st quarter. Claro Advisors LLC now owns 2,043 shares of the transportation company’s stock worth $228,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 55.54% 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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