Equities research analysts forecast that United Parcel Service, Inc. (NYSE:UPS) will post sales of $15.62 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for United Parcel Service’s earnings. The lowest sales estimate is $15.53 billion and the highest is $15.83 billion. United Parcel Service posted sales of $14.93 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.6%. The company is expected to issue its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that United Parcel Service will report full-year sales of $15.62 billion for the current year, with estimates ranging from $63.97 billion to $64.91 billion. For the next fiscal year, analysts anticipate that the business will report sales of $67.56 billion per share, with estimates ranging from $66.43 billion to $68.29 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for United Parcel Service.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the business earned $1.43 earnings per share. United Parcel Service’s revenue was up 7.7% compared to the same quarter last year.

UPS has been the topic of a number of recent analyst reports. Seaport Global Securities initiated coverage on shares of United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating on the stock. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Sanford C. Bernstein restated an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a report on Monday, July 3rd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 price target on shares of United Parcel Service in a report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $113.77.

In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

A number of hedge funds have recently bought and sold shares of UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock valued at $159,000 after buying an additional 4 shares in the last quarter. Weatherly Asset Management L. P. increased its stake in United Parcel Service by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock valued at $446,000 after buying an additional 15 shares in the last quarter. Founders Capital Management increased its stake in United Parcel Service by 0.3% in the second quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock valued at $594,000 after buying an additional 15 shares in the last quarter. Bollard Group LLC increased its stake in United Parcel Service by 0.8% in the first quarter. Bollard Group LLC now owns 2,222 shares of the transportation company’s stock valued at $238,000 after buying an additional 17 shares in the last quarter. Finally, Guardian Life Insurance Co. of America increased its stake in United Parcel Service by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock valued at $285,000 after buying an additional 18 shares in the last quarter. 53.20% of the stock is owned by institutional investors.

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Shares of United Parcel Service (UPS) opened at 112.05 on Monday. The company’s 50-day moving average is $110.66 and its 200-day moving average is $108.10. United Parcel Service has a 12 month low of $102.12 and a 12 month high of $120.44. The firm has a market cap of $96.92 billion, a price-to-earnings ratio of 27.55 and a beta of 0.88.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s dividend payout ratio is 81.57%.

United Parcel Service Company Profile

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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Earnings History and Estimates for United Parcel Service (NYSE:UPS)

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