$18.18 Billion in Sales Expected for United Parcel Service, Inc. (UPS) This Quarter

Wall Street brokerages predict that United Parcel Service, Inc. (NYSE:UPS) will report sales of $18.18 billion for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for United Parcel Service’s earnings. The highest sales estimate is $18.34 billion and the lowest is $17.98 billion. United Parcel Service posted sales of $16.93 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.4%. The business is expected to report its next earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that United Parcel Service will report full year sales of $18.18 billion for the current fiscal year, with estimates ranging from $65.03 billion to $65.38 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $68.56 billion per share, with estimates ranging from $68.05 billion to $69.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover United Parcel Service.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting analysts’ consensus estimates of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 earnings per share.

A number of equities research analysts recently issued reports on the stock. Oppenheimer restated a “buy” rating and issued a $123.00 target price (up from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Bank of America restated a “neutral” rating and issued a $124.00 target price (up from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. Zacks Investment Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. BMO Capital Markets boosted their target price on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, Goldman Sachs Group assumed coverage on shares of United Parcel Service in a report on Monday, November 13th. They issued a “buy” rating and a $148.00 target price for the company. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $121.45.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in United Parcel Service by 2.7% during the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after buying an additional 1,262,293 shares in the last quarter. BlackRock Inc. lifted its position in United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after buying an additional 43,351,873 shares in the last quarter. Wellington Management Group LLP lifted its position in United Parcel Service by 4.0% during the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after buying an additional 1,117,802 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in United Parcel Service by 5.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock valued at $2,606,905,000 after buying an additional 1,246,981 shares in the last quarter. Finally, FMR LLC lifted its position in United Parcel Service by 0.5% during the second quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock valued at $1,587,793,000 after buying an additional 71,666 shares in the last quarter. 53.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Parcel Service (UPS) traded up $0.19 during midday trading on Friday, hitting $119.00. 2,080,604 shares of the stock were exchanged, compared to its average volume of 2,980,000. The stock has a market capitalization of $102,550.00, a P/E ratio of 19.73, a PEG ratio of 2.12 and a beta of 0.92. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $125.16. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were given a dividend of $0.83 per share. The ex-dividend date was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.79%. United Parcel Service’s dividend payout ratio (DPR) is 81.57%.

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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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Earnings History and Estimates for United Parcel Service (NYSE:UPS)

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