Wall Street analysts expect United Parcel Service, Inc. (NYSE:UPS) to post $17.41 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for United Parcel Service’s earnings. The highest sales estimate is $17.69 billion and the lowest is $17.04 billion. United Parcel Service reported sales of $15.98 billion during the same quarter last year, which indicates a positive year over year growth rate of 8.9%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 25th.
On average, analysts expect that United Parcel Service will report full year sales of $71.79 billion for the current financial year, with estimates ranging from $71.20 billion to $72.59 billion. For the next fiscal year, analysts forecast that the company will post sales of $75.90 billion per share, with estimates ranging from $74.60 billion to $77.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover United Parcel Service.
United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.01. United Parcel Service had a return on equity of 364.89% and a net margin of 7.49%. The company had revenue of $17.46 billion for the quarter, compared to the consensus estimate of $17.34 billion. During the same quarter in the prior year, the company earned $1.58 earnings per share. United Parcel Service’s revenue was up 9.6% on a year-over-year basis.
UPS stock opened at $120.39 on Friday. United Parcel Service has a fifty-two week low of $101.45 and a fifty-two week high of $135.53. The company has a debt-to-equity ratio of 8.54, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $106.08 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.84 and a beta of 1.16.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Monday, August 20th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.02%. The ex-dividend date was Friday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
In related news, SVP Kathleen M. Gutmann sold 1,700 shares of United Parcel Service stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $119.92, for a total transaction of $203,864.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO James J. Barber sold 2,500 shares of United Parcel Service stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $121.94, for a total value of $304,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,512 shares of company stock worth $1,031,932 in the last three months. 0.56% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of UPS. Victory Capital Management Inc. grew its holdings in United Parcel Service by 1,099.7% during the 1st quarter. Victory Capital Management Inc. now owns 130,276 shares of the transportation company’s stock valued at $13,635,000 after buying an additional 119,417 shares in the last quarter. LSV Asset Management purchased a new position in United Parcel Service during the 1st quarter valued at approximately $167,000. Marcus Capital LLC grew its holdings in United Parcel Service by 11.6% during the 1st quarter. Marcus Capital LLC now owns 8,650 shares of the transportation company’s stock valued at $905,000 after buying an additional 900 shares in the last quarter. Lakeview Capital Partners LLC grew its holdings in United Parcel Service by 2.9% during the 1st quarter. Lakeview Capital Partners LLC now owns 25,424 shares of the transportation company’s stock valued at $2,661,000 after buying an additional 721 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in United Parcel Service by 4.2% during the 1st quarter. Neuberger Berman Group LLC now owns 147,280 shares of the transportation company’s stock valued at $15,414,000 after buying an additional 5,942 shares in the last quarter. 54.01% of the stock is currently owned by institutional investors.
About United Parcel Service
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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