Analysts forecast that United Parcel Service, Inc. (NYSE:UPS) will announce $17.41 billion in sales for the current quarter, according to Zacks. Eight analysts have provided estimates for United Parcel Service’s earnings, with the lowest sales estimate coming in at $17.04 billion and the highest estimate coming in at $17.69 billion. United Parcel Service reported sales of $15.98 billion during the same quarter last year, which indicates a positive year over year growth rate of 8.9%. The firm is expected to report its next earnings results on Thursday, October 25th.

On average, analysts expect that United Parcel Service will report full-year sales of $71.79 billion for the current financial year, with estimates ranging from $71.20 billion to $72.59 billion. For the next financial year, analysts forecast that the business will report sales of $75.90 billion per share, with estimates ranging from $74.60 billion to $77.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover United Parcel Service.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.01. The company had revenue of $17.46 billion during the quarter, compared to analyst estimates of $17.34 billion. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 earnings per share.

A number of research firms recently weighed in on UPS. Raymond James raised shares of United Parcel Service from a “market perform” rating to a “strong-buy” rating in a report on Tuesday. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a report on Friday, August 3rd. Cowen reaffirmed a “hold” rating and set a $128.00 price target on shares of United Parcel Service in a report on Thursday, July 26th. Credit Suisse Group raised their price target on shares of United Parcel Service from $114.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, July 26th. Finally, Morgan Stanley raised their price target on shares of United Parcel Service from $90.00 to $92.00 and gave the company an “underweight” rating in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. United Parcel Service currently has an average rating of “Hold” and an average price target of $122.99.

In other United Parcel Service news, SVP Kathleen M. Gutmann sold 1,700 shares of the stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total transaction of $203,864.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO James J. Barber sold 2,500 shares of the stock in a transaction on Monday, August 20th. The shares were sold at an average price of $121.94, for a total transaction of $304,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,512 shares of company stock worth $1,031,932 over the last quarter. 0.56% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Massey Quick Simon & CO. LLC boosted its stake in United Parcel Service by 2,857.1% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 1,000 shares during the last quarter. First PREMIER Bank bought a new position in shares of United Parcel Service in the 2nd quarter worth about $109,000. Legacy Financial Advisors Inc. bought a new position in shares of United Parcel Service in the 2nd quarter worth about $111,000. Moneta Group Investment Advisors LLC lifted its position in shares of United Parcel Service by 118.8% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after buying an additional 600 shares during the last quarter. Finally, Signature Wealth Management Group bought a new position in shares of United Parcel Service in the 2nd quarter worth about $118,000. Hedge funds and other institutional investors own 54.01% of the company’s stock.

UPS traded up $1.46 during trading hours on Thursday, reaching $124.34. 2,392,708 shares of the stock traded hands, compared to its average volume of 3,611,856. The firm has a market cap of $105.72 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.83 and a beta of 1.17. United Parcel Service has a fifty-two week low of $101.45 and a fifty-two week high of $135.53. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 8.54.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Monday, August 20th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, August 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.93%. United Parcel Service’s dividend payout ratio (DPR) is 60.57%.

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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