Equities research analysts expect United Parcel Service, Inc. (NYSE:UPS) to post earnings per share (EPS) of $1.46 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for United Parcel Service’s earnings. The lowest EPS estimate is $1.43 and the highest is $1.50. United Parcel Service reported earnings per share of $1.43 in the same quarter last year, which suggests a positive year over year growth rate of 2.1%. The firm is expected to announce its next earnings results before the market opens on Thursday, July 27th.
On average, analysts expect that United Parcel Service will report full-year earnings of $5.95 per share for the current financial year, with EPS estimates ranging from $5.88 to $6.00. For the next year, analysts expect that the firm will post earnings of $6.40 per share, with EPS estimates ranging from $6.15 to $6.55. Zacks’ EPS averages are a mean average based on a survey of research firms that cover United Parcel Service.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, April 27th. The transportation company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.03. The company had revenue of $15.32 billion during the quarter, compared to analyst estimates of $15.19 billion. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $1.27 earnings per share.
A number of research analysts recently weighed in on the company. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Sanford C. Bernstein restated an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Seaport Global Securities started coverage on United Parcel Service in a research note on Tuesday, June 6th. They set a “neutral” rating on the stock. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $114.57.
In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.59% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Banco Santander S.A. purchased a new stake in shares of United Parcel Service during the fourth quarter valued at $2,293,000. Chevy Chase Trust Holdings Inc. raised its stake in shares of United Parcel Service by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 600,375 shares of the transportation company’s stock valued at $64,420,000 after buying an additional 19,369 shares in the last quarter. Atlas Brown Inc. raised its stake in shares of United Parcel Service by 0.9% in the first quarter. Atlas Brown Inc. now owns 2,296 shares of the transportation company’s stock valued at $246,000 after buying an additional 20 shares in the last quarter. Worth Venture Partners LLC purchased a new stake in shares of United Parcel Service during the fourth quarter valued at $880,000. Finally, BTIM Corp. raised its stake in shares of United Parcel Service by 1.5% in the first quarter. BTIM Corp. now owns 470,649 shares of the transportation company’s stock valued at $50,501,000 after buying an additional 7,066 shares in the last quarter. 53.25% of the stock is owned by hedge funds and other institutional investors.
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United Parcel Service (UPS) traded up 1.12% during mid-day trading on Friday, hitting $112.41. 3,273,966 shares of the stock traded hands. The firm has a market cap of $97.55 billion, a P/E ratio of 28.71 and a beta of 0.88. The firm’s 50-day moving average price is $107.27 and its 200-day moving average price is $108.93. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $120.44.
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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