Zacks: Brokerages Anticipate United Parcel Service, Inc. (NYSE:UPS) Will Announce Earnings of $3.15 Per Share

Equities research analysts predict that United Parcel Service, Inc. (NYSE:UPSGet Rating) will post $3.15 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for United Parcel Service’s earnings. The lowest EPS estimate is $3.03 and the highest is $3.32. United Parcel Service posted earnings per share of $3.06 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that United Parcel Service will report full year earnings of $12.83 per share for the current fiscal year, with EPS estimates ranging from $12.46 to $13.25. For the next financial year, analysts anticipate that the company will report earnings of $13.23 per share, with EPS estimates ranging from $11.18 to $13.75. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover United Parcel Service.

United Parcel Service (NYSE:UPSGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The transportation company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.88 by $0.17. United Parcel Service had a net margin of 10.90% and a return on equity of 82.94%. The firm had revenue of $24.40 billion during the quarter, compared to analyst estimates of $23.80 billion. During the same quarter in the prior year, the business posted $2.77 earnings per share. United Parcel Service’s revenue for the quarter was up 6.5% compared to the same quarter last year.

A number of analysts have weighed in on UPS shares. Susquehanna dropped their target price on shares of United Parcel Service from $218.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, April 27th. Sanford C. Bernstein set a $272.00 target price on shares of United Parcel Service in a report on Friday, March 11th. BMO Capital Markets dropped their target price on shares of United Parcel Service from $225.00 to $200.00 and set a “market perform” rating on the stock in a report on Wednesday, April 27th. Bank of America dropped their price objective on shares of United Parcel Service from $204.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 27th. Finally, The Goldman Sachs Group set a $248.00 price objective on shares of United Parcel Service in a report on Tuesday, February 1st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $226.00.

NYSE UPS opened at $178.12 on Wednesday. United Parcel Service has a 12 month low of $175.22 and a 12 month high of $233.72. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.52 and a quick ratio of 1.42. The company has a market capitalization of $155.03 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The company’s fifty day moving average price is $202.07 and its two-hundred day moving average price is $206.92.

In other news, insider Laura J. Lane sold 6,988 shares of the stock in a transaction that occurred on Friday, February 18th. The shares were sold at an average price of $208.28, for a total value of $1,455,460.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Juan R. Perez sold 12,996 shares of the stock in a transaction that occurred on Monday, February 7th. The stock was sold at an average price of $223.54, for a total transaction of $2,905,125.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,881 shares of company stock valued at $5,199,883. Corporate insiders own 0.12% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of UPS. Rational Advisors LLC raised its position in shares of United Parcel Service by 126.4% in the fourth quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 67 shares during the period. First Community Trust NA acquired a new stake in shares of United Parcel Service in the fourth quarter worth $26,000. DB Fitzpatrick & Co Inc acquired a new stake in shares of United Parcel Service in the fourth quarter worth $28,000. Curi Wealth Management LLC acquired a new stake in shares of United Parcel Service in the fourth quarter worth $28,000. Finally, Cyrus J. Lawrence LLC acquired a new stake in shares of United Parcel Service in the first quarter worth $30,000. 57.85% of the stock is currently owned by hedge funds and other institutional investors.

About United Parcel Service (Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. 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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Earnings History and Estimates for United Parcel Service (NYSE:UPS)

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