Zacks: Analysts Expect United Parcel Service, Inc. (NYSE:UPS) Will Post Earnings of $2.05 Per Share

Wall Street analysts forecast that United Parcel Service, Inc. (NYSE:UPS) will post earnings of $2.05 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for United Parcel Service’s earnings, with the highest EPS estimate coming in at $2.14 and the lowest estimate coming in at $1.96. United Parcel Service reported earnings per share of $1.82 during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, October 23rd.

On average, analysts expect that United Parcel Service will report full-year earnings of $7.50 per share for the current financial year, with EPS estimates ranging from $7.30 to $7.59. For the next financial year, analysts expect that the firm will report earnings of $8.06 per share, with EPS estimates ranging from $7.33 to $8.31. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover United Parcel Service.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. The company had revenue of $18.05 billion during the quarter, compared to the consensus estimate of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 EPS.

A number of brokerages recently issued reports on UPS. Goldman Sachs Group began coverage on United Parcel Service in a research note on Wednesday, July 10th. They set a “buy” rating and a $123.00 price objective for the company. Credit Suisse Group set a $119.00 price target on United Parcel Service and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Bank of America upped their price target on United Parcel Service from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday. Loop Capital upped their price target on United Parcel Service to $140.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. United Parcel Service presently has a consensus rating of “Hold” and an average target price of $119.72.

Several institutional investors and hedge funds have recently modified their holdings of UPS. Bernardo Wealth Planning LLC raised its holdings in United Parcel Service by 0.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 15,340 shares of the transportation company’s stock valued at $1,584,000 after buying an additional 88 shares during the period. LS Investment Advisors LLC raised its holdings in United Parcel Service by 0.6% during the 2nd quarter. LS Investment Advisors LLC now owns 16,429 shares of the transportation company’s stock valued at $1,697,000 after buying an additional 92 shares during the period. Community Bank N.A. raised its holdings in United Parcel Service by 0.6% during the 1st quarter. Community Bank N.A. now owns 16,129 shares of the transportation company’s stock valued at $1,802,000 after buying an additional 100 shares during the period. Regentatlantic Capital LLC raised its holdings in United Parcel Service by 0.3% during the 2nd quarter. Regentatlantic Capital LLC now owns 33,914 shares of the transportation company’s stock valued at $3,502,000 after buying an additional 100 shares during the period. Finally, Rikoon Group LLC raised its holdings in United Parcel Service by 4.7% during the 2nd quarter. Rikoon Group LLC now owns 2,243 shares of the transportation company’s stock valued at $232,000 after buying an additional 100 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:UPS traded up $0.11 during mid-day trading on Friday, reaching $122.67. 3,060,203 shares of the company traded hands, compared to its average volume of 3,254,234. The company’s 50 day moving average price is $117.31 and its 200-day moving average price is $108.29. The firm has a market cap of $105.11 billion, a PE ratio of 16.94, a PEG ratio of 1.86 and a beta of 1.23. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service has a 52 week low of $89.89 and a 52 week high of $123.63.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th were issued a dividend of $0.96 per share. The ex-dividend date was Friday, August 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.13%. United Parcel Service’s dividend payout ratio (DPR) is 53.04%.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized 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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Earnings History and Estimates for United Parcel Service (NYSE:UPS)

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