FY2017 EPS Estimates for United Parcel Service, Inc. (UPS) Lifted by Analyst
United Parcel Service, Inc. (NYSE:UPS) – Analysts at Oppenheimer Holdings lifted their FY2017 earnings per share estimates for United Parcel Service in a report released on Monday. Oppenheimer Holdings analyst S. Schneeberger now anticipates that the transportation company will post earnings per share of $5.98 for the year, up from their prior estimate of $5.95. Oppenheimer Holdings currently has a “Buy” rating and a $123.00 target price on the stock. Oppenheimer Holdings also issued estimates for United Parcel Service’s Q1 2018 earnings at $1.37 EPS, Q2 2018 earnings at $1.69 EPS, Q3 2018 earnings at $1.61 EPS and Q4 2018 earnings at $1.83 EPS.
A number of other equities analysts have also issued reports on UPS. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. BidaskClub lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the stock from $115.00 to $128.00 in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $119.22.
United Parcel Service (UPS) opened at $113.95 on Tuesday. The stock has a market capitalization of $98,070.00, a price-to-earnings ratio of 19.31, a P/E/G ratio of 2.08 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $121.75.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.45. The company had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.44 EPS.
Several large investors have recently bought and sold shares of the company. Novare Capital Management LLC acquired a new stake in shares of United Parcel Service during the 3rd quarter valued at about $216,000. Ameriprise Financial Inc. grew its position in shares of United Parcel Service by 1.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,562,894 shares of the transportation company’s stock valued at $187,757,000 after acquiring an additional 18,235 shares during the period. Sowell Financial Services LLC grew its position in shares of United Parcel Service by 9.4% during the 3rd quarter. Sowell Financial Services LLC now owns 29,376 shares of the transportation company’s stock valued at $3,451,000 after acquiring an additional 2,514 shares during the period. Commonwealth Equity Services Inc grew its position in shares of United Parcel Service by 2.5% during the 3rd quarter. Commonwealth Equity Services Inc now owns 282,637 shares of the transportation company’s stock valued at $33,941,000 after acquiring an additional 6,966 shares during the period. Finally, Caldwell & Orkin Inc. acquired a new stake in shares of United Parcel Service during the 3rd quarter valued at about $1,477,000. Hedge funds and other institutional investors own 52.87% of the company’s stock.
In other news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.59% of the stock is owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.
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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