Wall Street brokerages expect that United Parcel Service, Inc. (NYSE:UPS) will report earnings of $1.93 per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for United Parcel Service’s earnings, with the highest EPS estimate coming in at $1.94 and the lowest estimate coming in at $1.91. United Parcel Service reported earnings of $1.94 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.5%. The company is expected to report its next quarterly earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that United Parcel Service will report full-year earnings of $7.47 per share for the current year, with EPS estimates ranging from $7.30 to $7.55. For the next financial year, analysts anticipate that the company will post earnings of $8.05 per share, with EPS estimates ranging from $7.35 to $8.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for United Parcel Service.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.03). The firm had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.79 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. United Parcel Service’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS.
NYSE UPS traded down $1.42 during trading hours on Wednesday, reaching $97.99. The stock had a trading volume of 1,503,593 shares, compared to its average volume of 3,257,146. The firm has a market cap of $85.49 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.53 and a beta of 1.16. United Parcel Service has a 52-week low of $89.89 and a 52-week high of $125.09. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 5.85.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Monday, May 20th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Friday, May 17th. United Parcel Service’s dividend payout ratio is currently 53.04%.
In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total transaction of $159,045.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Teri P. Mcclure sold 5,000 shares of United Parcel Service stock in a transaction on Monday, February 25th. The shares were sold at an average price of $109.72, for a total value of $548,600.00. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UPS. CX Institutional acquired a new stake in United Parcel Service during the first quarter valued at $29,000. RPG Investment Advisory LLC raised its holdings in United Parcel Service by 277.1% during the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after buying an additional 194 shares in the last quarter. Somerset Trust Co raised its holdings in United Parcel Service by 161.0% during the first quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock valued at $31,000 after buying an additional 169 shares in the last quarter. Financial Gravity Wealth Inc. bought a new position in United Parcel Service during the first quarter valued at about $32,000. Finally, Larson Financial Group LLC bought a new position in United Parcel Service during the fourth quarter valued at about $29,000. 55.77% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Company Profile
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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