Analysts expect United Parcel Service, Inc. (NYSE:UPS) to announce sales of $26.97 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for United Parcel Service's earnings. The lowest sales estimate is $26.70 billion and the highest is $27.81 billion. United Parcel Service reported sales of $24.90 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 8.3%. The firm is scheduled to issue its next earnings results on Tuesday, February 1st.
According to Zacks, analysts expect that United Parcel Service will report full year sales of $96.42 billion for the current fiscal year, with estimates ranging from $96.18 billion to $97.33 billion. For the next financial year, analysts forecast that the business will post sales of $99.14 billion, with estimates ranging from $92.61 billion to $102.00 billion. Zacks' sales averages are a mean average based on a survey of sell-side research firms that cover United Parcel Service.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, October 26th. The transportation company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.16. The company had revenue of $23.18 billion for the quarter, compared to analysts' expectations of $22.57 billion. United Parcel Service had a net margin of 6.92% and a return on equity of 127.98%. United Parcel Service's revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.28 EPS.
UPS has been the topic of several recent research reports. KeyCorp boosted their price objective on shares of United Parcel Service from $235.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, October 27th. Credit Suisse Group lowered their price target on shares of United Parcel Service from $261.00 to $240.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 28th. UBS Group reaffirmed a "buy" rating on shares of United Parcel Service in a research note on Tuesday, August 17th. Morgan Stanley upped their price target on shares of United Parcel Service from $130.00 to $135.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 27th. Finally, Raymond James upped their price target on shares of United Parcel Service from $240.00 to $260.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Buy" and an average price target of $213.16.
Several hedge funds have recently added to or reduced their stakes in the company. Intrepid Capital Management Inc. bought a new position in United Parcel Service during the second quarter worth $3,492,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in United Parcel Service during the second quarter worth $21,208,000. Tobam lifted its stake in United Parcel Service by 28.9% during the second quarter. Tobam now owns 74,922 shares of the transportation company's stock worth $15,582,000 after purchasing an additional 16,778 shares during the last quarter. Clark Capital Management Group Inc. lifted its stake in United Parcel Service by 603.7% during the second quarter. Clark Capital Management Group Inc. now owns 21,584 shares of the transportation company's stock worth $4,489,000 after purchasing an additional 18,517 shares during the last quarter. Finally, Congress Asset Management Co. MA lifted its stake in United Parcel Service by 4.7% during the second quarter. Congress Asset Management Co. MA now owns 53,590 shares of the transportation company's stock worth $11,145,000 after purchasing an additional 2,426 shares during the last quarter. 56.96% of the stock is owned by institutional investors and hedge funds.
Shares of UPS opened at $210.88 on Tuesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $183.28 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.52 and a beta of 1.11. The company's fifty day moving average is $197.60 and its two-hundred day moving average is $201.69. United Parcel Service has a 1 year low of $154.76 and a 1 year high of $220.24.
United Parcel Service announced that its board has authorized a share repurchase program on Thursday, August 5th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the transportation company to buy up to 3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 8th. Stockholders of record on Monday, November 22nd will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, November 19th. United Parcel Service's payout ratio is currently 54.99%.
United Parcel Service Company Profile
United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.
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