Analysts expect United Parcel Service, Inc. (NYSE:UPS) to post sales of $18.41 billion for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for United Parcel Service’s earnings. The lowest sales estimate is $18.21 billion and the highest is $18.65 billion. United Parcel Service reported sales of $17.44 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The business is scheduled to issue its next earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that United Parcel Service will report full year sales of $74.44 billion for the current year, with estimates ranging from $73.62 billion to $75.24 billion. For the next year, analysts anticipate that the business will report sales of $77.88 billion, with estimates ranging from $76.18 billion to $79.28 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow United Parcel Service.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.93 by $0.03. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The firm had revenue of $18.05 billion for the quarter, compared to analyst estimates of $17.98 billion. During the same quarter last year, the firm posted $1.94 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis.

A number of equities research analysts recently commented on UPS shares. Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a report on Friday. Raymond James boosted their price objective on Spotify Technology from $172.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Thursday. Bank of America cut TAL Education Group from a “buy” rating to a “neutral” rating in a research report on Thursday. Credit Suisse Group reiterated a “buy” rating and set a $425.00 price target on shares of Boeing in a research report on Thursday. Finally, Goldman Sachs Group lowered EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. United Parcel Service currently has an average rating of “Hold” and an average target price of $118.87.

In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the business’s stock in a transaction dated 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 is available at this link. 0.17% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of UPS. Deprince Race & Zollo Inc. lifted its position in shares of United Parcel Service by 7.1% during the 4th quarter. Deprince Race & Zollo Inc. now owns 386,961 shares of the transportation company’s stock valued at $37,740,000 after acquiring an additional 25,495 shares during the last quarter. Fairview Capital Investment Management LLC boosted its holdings in United Parcel Service by 1.3% in the fourth quarter. Fairview Capital Investment Management LLC now owns 347,006 shares of the transportation company’s stock worth $33,843,000 after purchasing an additional 4,365 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in United Parcel Service by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,094,438 shares of the transportation company’s stock valued at $204,264,000 after acquiring an additional 58,079 shares during the period. Geode Capital Management LLC boosted its holdings in United Parcel Service by 7.9% during the fourth quarter. Geode Capital Management LLC now owns 8,008,476 shares of the transportation company’s stock valued at $779,687,000 after acquiring an additional 585,738 shares during the period. Finally, GYL Financial Synergies LLC bought a new stake in United Parcel Service during the fourth quarter valued at about $371,000. 55.49% of the stock is owned by institutional investors.

NYSE UPS traded up $2.33 during trading on Thursday, hitting $120.58. The company’s stock had a trading volume of 8,526,003 shares, compared to its average volume of 3,135,152. The company has a current ratio of 1.09, a quick ratio of 1.13 and a debt-to-equity ratio of 4.62. The company has a market capitalization of $103.79 billion, a P/E ratio of 16.65, a PEG ratio of 1.86 and a beta of 1.23. The firm’s 50 day moving average is $103.17. United Parcel Service has a fifty-two week low of $89.89 and a fifty-two week high of $125.09.

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

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