Brokerages forecast that United Parcel Service, Inc. (NYSE:UPS) will announce earnings of $1.46 per share for the current quarter, according to Zacks. Eight analysts have issued estimates for United Parcel Service’s earnings, with estimates ranging from $1.43 to $1.50. United Parcel Service posted earnings per share of $1.43 in the same quarter last year, which would suggest a positive year over year growth rate of 2.1%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, July 27th.
On average, analysts expect that United Parcel Service will report full year earnings of $5.95 per share for the current fiscal year, with EPS estimates ranging from $5.88 to $6.00. For the next year, analysts expect that the firm will report earnings of $6.40 per share, with EPS estimates ranging from $6.15 to $6.55. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for United Parcel Service.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, April 27th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.03. The firm had revenue of $15.32 billion for the quarter, compared to analyst estimates of $15.19 billion. United Parcel Service had a return on equity of 320.39% and a net margin of 5.60%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 earnings per share.
A number of equities research analysts recently commented on the stock. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Wednesday. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Seaport Global Securities assumed coverage on shares of United Parcel Service in a report on Tuesday, June 6th. They issued a “neutral” rating on the stock. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $127.00 price target on shares of United Parcel Service in a report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $114.57.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.59% of the company’s stock.
A number of hedge funds have recently bought and sold shares of UPS. Flinton Capital Management LLC purchased a new stake in United Parcel Service during the fourth quarter worth $1,011,000. Sand Hill Global Advisors LLC raised its stake in United Parcel Service by 0.4% in the fourth quarter. Sand Hill Global Advisors LLC now owns 37,672 shares of the transportation company’s stock worth $4,319,000 after buying an additional 155 shares in the last quarter. Cantab Capital Partners LLP purchased a new stake in United Parcel Service during the fourth quarter worth $533,000. Baillie Gifford & Co. raised its stake in United Parcel Service by 3.2% in the fourth quarter. Baillie Gifford & Co. now owns 207,840 shares of the transportation company’s stock worth $23,827,000 after buying an additional 6,468 shares in the last quarter. Finally, Folger Hill Asset Management LP raised its stake in United Parcel Service by 179.6% in the fourth quarter. Folger Hill Asset Management LP now owns 64,054 shares of the transportation company’s stock worth $7,343,000 after buying an additional 41,142 shares in the last quarter. Institutional investors and hedge funds own 53.26% of the company’s stock.
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United Parcel Service (NYSE:UPS) traded up 1.04% during mid-day trading on Friday, reaching $112.99. The company’s stock had a trading volume of 2,541,764 shares. United Parcel Service has a 52-week low of $102.12 and a 52-week high of $120.44. The company has a market cap of $98.05 billion, a price-to-earnings ratio of 28.86 and a beta of 0.88. The firm has a 50 day moving average price of $109.67 and a 200 day moving average price of $108.32.
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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