Wall Street analysts expect United Parcel Service, Inc. (NYSE:UPS) to post $22.34 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for United Parcel Service’s earnings. The highest sales estimate is $23.73 billion and the lowest is $19.90 billion. United Parcel Service posted sales of $20.46 billion during the same quarter last year, which suggests a positive year over year growth rate of 9.2%. The company is expected to announce its next quarterly earnings results on Thursday, July 29th.
According to Zacks, analysts expect that United Parcel Service will report full year sales of $90.80 billion for the current financial year, with estimates ranging from $82.12 billion to $95.30 billion. For the next financial year, analysts forecast that the firm will report sales of $93.21 billion, with estimates ranging from $83.06 billion to $99.57 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow United Parcel Service.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 27th. The transportation company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $1.05. The business had revenue of $22.91 billion for the quarter, compared to analyst estimates of $20.62 billion. United Parcel Service had a return on equity of 161.20% and a net margin of 5.71%. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 earnings per share.
In other United Parcel Service news, Director Wayne M. Hewett acquired 625 shares of the company’s stock in a transaction on Wednesday, February 24th. The shares were bought at an average cost of $159.82 per share, for a total transaction of $99,887.50. Following the acquisition, the director now directly owns 868 shares of the company’s stock, valued at $138,723.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Norman M. Brothers, Jr. sold 13,337 shares of United Parcel Service stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of $159.64, for a total value of $2,129,118.68. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of United Parcel Service by 2.7% in the 1st quarter. BlackRock Inc. now owns 54,027,742 shares of the transportation company’s stock valued at $9,184,177,000 after acquiring an additional 1,426,922 shares during the last quarter. FMR LLC boosted its position in United Parcel Service by 12.9% during the 4th quarter. FMR LLC now owns 19,738,328 shares of the transportation company’s stock worth $3,323,935,000 after acquiring an additional 2,260,739 shares during the period. Price T Rowe Associates Inc. MD boosted its position in United Parcel Service by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,094,970 shares of the transportation company’s stock worth $2,735,983,000 after acquiring an additional 714,173 shares during the period. Geode Capital Management LLC boosted its position in United Parcel Service by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 10,532,928 shares of the transportation company’s stock worth $1,785,114,000 after acquiring an additional 335,722 shares during the period. Finally, Northern Trust Corp boosted its position in United Parcel Service by 0.9% during the 1st quarter. Northern Trust Corp now owns 8,997,213 shares of the transportation company’s stock worth $1,529,436,000 after acquiring an additional 83,101 shares during the period. Institutional investors own 55.68% of the company’s stock.
Shares of UPS traded down $1.15 during trading hours on Friday, reaching $215.14. 57,169 shares of the company traded hands, compared to its average volume of 3,726,603. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 4.16. The stock has a market capitalization of $186.53 billion, a PE ratio of 41.12, a price-to-earnings-growth ratio of 2.47 and a beta of 0.98. United Parcel Service has a fifty-two week low of $93.06 and a fifty-two week high of $219.59. The stock has a fifty day simple moving average of $189.58 and a 200 day simple moving average of $170.47.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 9th. Investors of record on Monday, May 24th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, May 21st. This represents a $4.08 annualized dividend and a dividend yield of 1.90%. United Parcel Service’s payout ratio is currently 54.18%.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, 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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