Wall Street analysts forecast that United Parcel Service, Inc. (NYSE:UPS) will report $16.44 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for United Parcel Service’s earnings, with the highest sales estimate coming in at $16.63 billion and the lowest estimate coming in at $16.10 billion. United Parcel Service posted sales of $15.32 billion during the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that United Parcel Service will report full year sales of $16.44 billion for the current fiscal year, with estimates ranging from $69.83 billion to $70.29 billion. For the next financial year, analysts expect that the business will post sales of $74.06 billion per share, with estimates ranging from $72.38 billion to $76.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for United Parcel Service.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The business had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. During the same period last year, the company posted $1.63 EPS. The business’s revenue was up 11.2% on a year-over-year basis.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Focused Wealth Management Inc acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $106,000. Wagner Wealth Management LLC acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $115,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in United Parcel Service in the 3rd quarter valued at approximately $120,000. Resources Investment Advisors Inc. increased its holdings in United Parcel Service by 51.2% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 418 shares during the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $195,000. Hedge funds and other institutional investors own 54.10% of the company’s stock.
United Parcel Service (NYSE:UPS) traded down $0.57 on Friday, reaching $108.76. 2,309,654 shares of the company’s stock were exchanged, compared to its average volume of 6,380,000. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service has a twelve month low of $102.12 and a twelve month high of $135.53. The stock has a market cap of $93,710.00, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.35%. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio (DPR) is currently 68.55%.
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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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