Wall Street brokerages forecast that United Parcel Service (NYSE:UPS) will report $16.44 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for United Parcel Service’s earnings. The highest sales estimate is $16.63 billion and the lowest is $16.10 billion. United Parcel Service reported sales of $15.32 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7.3%. The firm is scheduled to issue its next earnings report before the market opens on Thursday, April 26th.
On average, analysts expect that United Parcel Service will report full year sales of $70.04 billion for the current fiscal year, with estimates ranging from $69.75 billion to $70.29 billion. For the next financial year, analysts anticipate that the firm will post sales of $74.03 billion per share, with estimates ranging from $72.25 billion to $76.08 billion. Zacks Investment Research’s 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 announced its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.66 by $0.01. The business had revenue of $18.83 billion during the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 earnings per share.
UPS has been the subject of several recent analyst reports. Edward Jones raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Deutsche Bank reaffirmed a “buy” rating and issued a $145.00 price target (up previously from $135.00) on shares of United Parcel Service in a research report on Monday, January 8th. Knight Equity reaffirmed a “buy” rating and issued a $135.00 price target (down previously from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Stifel Nicolaus raised United Parcel Service from a “hold” rating to a “buy” rating and lowered their price target for the stock from $127.00 to $121.00 in a research report on Tuesday, March 6th. Finally, Loop Capital raised United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the stock from $105.61 to $128.00 in a research report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $124.73.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $106.80, for a total transaction of $480,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Focused Wealth Management Inc purchased a new stake in United Parcel Service in the fourth quarter valued at about $106,000. Wagner Wealth Management LLC purchased a new stake in United Parcel Service in the fourth quarter valued at about $115,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in United Parcel Service in the third quarter valued at about $120,000. Resources Investment Advisors Inc. raised its stake in United Parcel Service by 51.2% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after buying an additional 418 shares during the last quarter. Finally, Icon Wealth Partners LLC purchased a new stake in United Parcel Service in the fourth quarter valued at about $195,000. 54.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of UPS traded up $0.48 during trading hours on Friday, hitting $109.73. The company had a trading volume of 2,027,637 shares, compared to its average volume of 4,731,517. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $92,407.99, a PE ratio of 18.20, a P/E/G ratio of 1.61 and a beta of 1.03. United Parcel Service has a 52-week low of $101.45 and a 52-week high of $135.53.
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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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