Zacks: Analysts Anticipate United Parcel Service, Inc. (UPS) Will Announce Earnings of $1.54 Per Share

Equities analysts forecast that United Parcel Service, Inc. (NYSE:UPS) will announce earnings of $1.54 per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for United Parcel Service’s earnings. The lowest EPS estimate is $1.52 and the highest is $1.60. United Parcel Service reported earnings of $1.32 per share in the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that United Parcel Service will report full-year earnings of $7.23 per share for the current fiscal year, with EPS estimates ranging from $7.15 to $7.30. For the next year, analysts anticipate that the company will post earnings of $7.80 per share, with EPS estimates ranging from $7.27 to $7.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow United Parcel Service.

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United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The firm had revenue of $18.83 billion during the quarter, compared to analyst estimates of $18.20 billion. During the same quarter in the prior year, the business earned $1.63 earnings per share. United Parcel Service’s revenue for the quarter was up 11.2% on a year-over-year basis.

UPS has been the subject of a number of research reports. Loop Capital upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their target price for the stock from $105.61 to $128.00 in a research report on Monday, February 26th. BMO Capital Markets upped their target price on shares of United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Vetr upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price for the company in a research report on Tuesday, December 26th. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their target price for the stock from $125.00 to $135.00 in a research report on Monday, December 4th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $137.00 price objective on shares of United Parcel Service in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $125.21.

Shares of NYSE:UPS traded up $1.98 during midday trading on Monday, reaching $104.66. 3,813,414 shares of the company were exchanged, compared to its average volume of 4,219,854. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service has a one year low of $101.45 and a one year high of $135.53. The firm has a market cap of $90,176.41, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.56 and a beta of 1.06.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio (DPR) is 60.57%.

In other news, SVP Teri P. Mcclure sold 4,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Chemical Bank lifted its holdings in shares of United Parcel Service by 9.3% in the 4th quarter. Chemical Bank now owns 11,252 shares of the transportation company’s stock worth $1,341,000 after acquiring an additional 957 shares during the last quarter. Green Square Capital LLC increased its stake in United Parcel Service by 33.2% in the 4th quarter. Green Square Capital LLC now owns 75,806 shares of the transportation company’s stock worth $9,032,000 after buying an additional 18,915 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in United Parcel Service by 6.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 122,127 shares of the transportation company’s stock worth $14,551,000 after buying an additional 7,802 shares during the period. Wagner Wealth Management LLC purchased a new position in United Parcel Service in the 4th quarter worth about $115,000. Finally, KCM Investment Advisors LLC increased its stake in United Parcel Service by 6.5% in the 4th quarter. KCM Investment Advisors LLC now owns 93,032 shares of the transportation company’s stock worth $11,085,000 after buying an additional 5,710 shares during the period. Hedge funds and other institutional investors own 54.06% of the company’s stock.

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About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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Earnings History and Estimates for United Parcel Service (NYSE:UPS)

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