Brokerages forecast that United Parcel Service, Inc. (NYSE:UPS – Get Rating) will report sales of $24.66 billion for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for United Parcel Service’s earnings, with the highest sales estimate coming in at $25.05 billion and the lowest estimate coming in at $24.39 billion. United Parcel Service reported sales of $23.42 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The business is scheduled to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that United Parcel Service will report full year sales of $102.29 billion for the current financial year, with estimates ranging from $101.80 billion to $103.08 billion. For the next year, analysts expect that the business will report sales of $105.22 billion, with estimates ranging from $98.55 billion to $107.16 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow United Parcel Service.
United Parcel Service (NYSE:UPS – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The transportation company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.17. The business had revenue of $24.40 billion for the quarter, compared to the consensus estimate of $23.80 billion. United Parcel Service had a net margin of 10.90% and a return on equity of 82.94%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.77 EPS.
In related news, insider Juan R. Perez sold 12,996 shares of the stock in a transaction on Monday, February 7th. The shares were sold at an average price of $223.54, for a total transaction of $2,905,125.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura J. Lane sold 6,988 shares of the stock in a transaction on Friday, February 18th. The stock was sold at an average price of $208.28, for a total transaction of $1,455,460.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,881 shares of company stock valued at $5,199,883. Company insiders own 0.12% of the company’s stock.
A number of large investors have recently modified their holdings of UPS. Rational Advisors LLC boosted its stake in United Parcel Service by 126.4% during the 4th quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock worth $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 4th quarter worth $26,000. DB Fitzpatrick & Co Inc acquired a new stake in shares of United Parcel Service in the 4th quarter worth $28,000. Curi Wealth Management LLC acquired a new stake in shares of United Parcel Service in the 4th quarter worth $28,000. Finally, Cyrus J. Lawrence LLC acquired a new stake in shares of United Parcel Service in the 1st quarter worth $30,000. Hedge funds and other institutional investors own 57.85% of the company’s stock.
United Parcel Service stock opened at $179.79 on Friday. The company’s 50 day simple moving average is $201.00 and its 200-day simple moving average is $206.67. The company has a market capitalization of $156.49 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. United Parcel Service has a 1 year low of $175.22 and a 1 year high of $233.72. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.42 and a current ratio of 1.52.
United Parcel Service Company Profile (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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