Wall Street brokerages expect United Parcel Service, Inc. (NYSE:UPS – Get Rating) to post sales of $24.66 billion for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for United Parcel Service’s earnings. The lowest sales estimate is $24.39 billion and the highest is $25.05 billion. United Parcel Service posted sales of $23.42 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The firm is expected to issue 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 Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow United Parcel Service.
United Parcel Service (NYSE:UPS – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The transportation company reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.17. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. The firm had revenue of $24.40 billion for the quarter, compared to analysts’ expectations of $23.80 billion. During the same period in the previous year, the firm posted $2.77 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year.
Shares of UPS opened at $173.86 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average price is $191.91 and its 200-day moving average price is $203.67. United Parcel Service has a 52 week low of $165.34 and a 52 week high of $233.72. The stock has a market cap of $151.91 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.46 and a beta of 1.16.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Monday, May 16th will be given a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Friday, May 13th. United Parcel Service’s dividend payout ratio (DPR) is currently 49.63%.
In related news, insider Philippe R. Gilbert sold 3,897 shares of the stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $215.37, for a total value of $839,296.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.
Several large investors have recently modified their holdings of the company. Fortitude Advisory Group L.L.C. increased its position in shares of United Parcel Service by 43.5% during the first quarter. Fortitude Advisory Group L.L.C. now owns 1,421 shares of the transportation company’s stock worth $304,000 after acquiring an additional 431 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of United Parcel Service by 15.2% during the first quarter. EverSource Wealth Advisors LLC now owns 4,072 shares of the transportation company’s stock valued at $873,000 after purchasing an additional 536 shares in the last quarter. L.M. Kohn & Company acquired a new stake in United Parcel Service in the first quarter valued at approximately $2,466,000. M Holdings Securities Inc. acquired a new stake in United Parcel Service in the first quarter valued at approximately $620,000. Finally, Castellan Group boosted its stake in United Parcel Service by 69.8% in the first quarter. Castellan Group now owns 13,841 shares of the transportation company’s stock valued at $2,968,000 after acquiring an additional 5,692 shares in the last quarter. 57.85% of the stock is currently owned by institutional investors and hedge funds.
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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