Wall Street analysts predict that United Parcel Service, Inc. (NYSE:UPS) will announce sales of $16.46 billion for the current quarter, according to Zacks. Eight analysts have made estimates for United Parcel Service’s earnings, with the highest sales estimate coming in at $16.63 billion and the lowest estimate coming in at $16.10 billion. United Parcel Service posted sales of $15.32 billion in the same quarter last year, which suggests a positive year over year growth rate of 7.4%. The company is expected to issue its next earnings results on Thursday, April 26th.

On average, analysts expect that United Parcel Service will report full-year sales of $16.46 billion for the current financial year, with estimates ranging from $68.47 billion to $70.29 billion. For the next fiscal year, analysts forecast that the business will report sales of $74.03 billion per share, with estimates ranging from $72.37 billion to $76.08 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for United Parcel Service.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. The firm had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share.

A number of brokerages recently weighed in on UPS. BMO Capital Markets raised their target price on shares of United Parcel Service to $130.00 and gave the stock a “market perform” rating in a report on Friday, February 2nd. Morgan Stanley raised their target price on shares of United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 target price for the company in a report on Thursday, February 1st. Stifel Nicolaus raised their target price on shares of United Parcel Service from $103.00 to $112.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, Credit Suisse Group restated a “hold” rating and set a $137.00 target price on shares of United Parcel Service in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $126.14.

Several large investors have recently modified their holdings of the stock. Janus Henderson Group PLC lifted its position in United Parcel Service by 775.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,766,792 shares of the transportation company’s stock worth $305,978,000 after buying an additional 2,450,868 shares in the last quarter. Lazard Asset Management LLC lifted its position in United Parcel Service by 48.1% in the 2nd quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock worth $710,933,000 after buying an additional 2,087,477 shares in the last quarter. Federated Investors Inc. PA lifted its position in United Parcel Service by 2,005.9% in the 2nd quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock worth $167,972,000 after buying an additional 1,446,749 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in United Parcel Service by 119.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock worth $288,170,000 after buying an additional 1,419,245 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in United Parcel Service by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after buying an additional 1,262,293 shares in the last quarter. Institutional investors and hedge funds own 53.51% of the company’s stock.

Shares of United Parcel Service (NYSE UPS) traded down $2.63 during trading hours on Monday, reaching $109.28. 6,998,302 shares of the company were exchanged, compared to its average volume of 4,570,000. The company has a market capitalization of $94,170.00, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91. United Parcel Service has a 1 year low of $102.12 and a 1 year high of $135.53. The company has a quick ratio of 1.06, a current ratio of 1.22 and a debt-to-equity ratio of 19.69.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.33%. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio is 59.18%.

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

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