Equities analysts expect that United Parcel Service, Inc. (NYSE:UPS) will announce earnings per share of $2.06 for the current quarter, Zacks reports. Seven analysts have issued estimates for United Parcel Service’s earnings. The highest EPS estimate is $2.14 and the lowest is $1.96. United Parcel Service reported earnings of $1.82 per share in the same quarter last year, which would indicate a positive year over year growth rate of 13.2%. The firm is expected to announce its next earnings report on Wednesday, October 23rd.

On average, analysts expect that United Parcel Service will report full year earnings of $7.49 per share for the current year, with EPS estimates ranging from $7.30 to $7.59. For the next year, analysts forecast that the business will report earnings of $8.05 per share, with EPS estimates ranging from $7.33 to $8.31. Zacks Investment Research’s earnings per share 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 quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. The company had revenue of $18.05 billion for the quarter, compared to analyst estimates of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.94 EPS.

Several brokerages have recently commented on UPS. Cowen reissued a “market perform” rating and set a $116.00 price target (down previously from $118.00) on shares of United Parcel Service in a research note on Friday, April 26th. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Thursday, July 25th. Loop Capital boosted their price target on United Parcel Service to $140.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. Finally, Credit Suisse Group set a $119.00 price objective on United Parcel Service and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. United Parcel Service has an average rating of “Hold” and an average target price of $118.82.

Shares of NYSE:UPS traded down $1.20 during trading on Wednesday, hitting $114.63. 2,343,887 shares of the stock were exchanged, compared to its average volume of 3,322,250. The company has a fifty day simple moving average of $109.41. The company has a market capitalization of $99.39 billion, a P/E ratio of 15.83, a PEG ratio of 1.76 and a beta of 1.23. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service has a 12-month low of $89.89 and a 12-month high of $125.09.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Monday, August 19th will be given a dividend of $0.96 per share. The ex-dividend date is Friday, August 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.35%. United Parcel Service’s dividend payout ratio (DPR) is 53.04%.

A number of large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC raised its stake in United Parcel Service by 1,564.3% during the second quarter. Cubist Systematic Strategies LLC now owns 97,343 shares of the transportation company’s stock worth $10,053,000 after acquiring an additional 91,494 shares during the period. Point72 Asset Management L.P. acquired a new stake in United Parcel Service during the second quarter worth about $97,269,000. Hilltop Holdings Inc. raised its stake in United Parcel Service by 23.6% during the second quarter. Hilltop Holdings Inc. now owns 6,906 shares of the transportation company’s stock worth $713,000 after acquiring an additional 1,317 shares during the period. California State Teachers Retirement System raised its stake in United Parcel Service by 1.7% during the second quarter. California State Teachers Retirement System now owns 1,169,016 shares of the transportation company’s stock worth $120,724,000 after acquiring an additional 19,097 shares during the period. Finally, Morgan Stanley raised its stake in United Parcel Service by 5.3% during the second quarter. Morgan Stanley now owns 2,093,251 shares of the transportation company’s stock worth $216,171,000 after acquiring an additional 106,198 shares during the period. 55.50% of the stock is owned by institutional investors.

About United Parcel Service

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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