Home Service company Analysts expect United Parcel Service, Inc. (NYSE:UPS) to report quarterly sales of $23.81 billion

Analysts expect United Parcel Service, Inc. (NYSE:UPS) to report quarterly sales of $23.81 billion

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Equity research analysts expect United Parcel Service, Inc. (NYSE:UPS – Get Rating) to report $23.81 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts made earnings estimates for United Parcel Service. The lowest sales estimate is $23.34 billion and the highest is $24.25 billion. United Parcel Service reported sales of $22.91 billion in the same quarter last year, indicating a positive year-over-year growth rate of 3.9%. The company is expected to release its next quarterly earnings report before market open on Tuesday, April 26.

According to Zacks, analysts expect United Parcel Service to post annual sales of $101.92 billion in the current fiscal year, with estimates ranging from $101.29 billion to $102.53 billion. . For the next fiscal year, analysts expect the company to report sales of $105.48 billion, with estimates ranging from $97.33 billion to $108.90 billion. Zacks Investment Research sales calculations are an average average based on a survey of research analysts who cover United Parcel Service.

United Parcel Service (NYSE:UPS – Get Rating) last released quarterly earnings data on Monday, January 31. The transportation company reported earnings per share (EPS) of $3.59 for the quarter, beating analyst consensus estimates of $3.10 by $0.49. United Parcel Service recorded a return on equity of 127.98% and a net margin of 6.92%. The company posted revenue of $27.71 billion in the quarter, compared to $27.07 billion expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $2.66. The company’s revenue increased 11.3% year over year.

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Several brokerages have recently weighed in on UPS. Loop Capital raised its price target on United Parcel Service stock from $226.00 to $250.00 and gave the stock a “holding” rating in a Wednesday, Feb. 2 research note. BMO Capital Markets raised its price target on United Parcel Service shares from $215.00 to $225.00 and gave the stock a “market performance” rating in a Wednesday, Feb. 2 report. Exane BNP Paribas upgraded shares of United Parcel Service from an ‘underperforming’ rating to a ‘neutral’ rating and set a price target of $191.00 for the company in a Thursday, January 20 research note . Evercore ISI raised its price target on United Parcel Service stock from $235.00 to $255.00 and gave the company an “outperform” rating in a Wednesday, Feb. 2 research note. Finally, Berenberg Bank set a price target of $200.00 on United Parcel Service stock in a Wednesday, February 2 research note. One research analyst rated the stock with a sell rating, twelve gave the company a hold rating, fourteen issued a buy rating and one gave the company a strong buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $236.48.

In other United Parcel Service news, insider Laura J. Lane sold 6,988 shares of United Parcel Service in a trade dated Friday, February 18. The stock was sold at an average price of $208.28, for a total transaction of $1,455,460.64. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, insider Norman M. Brothers, Jr. sold 5,677 shares of United Parcel Service in a trade dated Wednesday, February 2. The shares were sold at an average price of $227.52, for a total value of $1,291,631.04. The disclosure of this sale can be found here. Insiders sold a total of 25,661 shares of the company valued at $5,652,218 during the last quarter. 0.11% of the shares are currently held by insiders.

Institutional investors and hedge funds have recently changed their stakes in the company. Narwhal Capital Management purchased a new stake in United Parcel Service stock during Q3 for a value of approximately $418,000. Pinnacle Associates Ltd. increased its position in United Parcel Service shares by 21.3% in the third quarter. Pinnacle Associates Ltd. now owns 99,806 shares of the transportation company valued at $18,175,000 after acquiring an additional 17,555 shares during the period. Whittier Trust Co. increased its position in United Parcel Service shares by 1.7% in the third quarter. Whittier Trust Co. now owns 35,718 shares of the transportation company valued at $6,505,000 after acquiring an additional 592 shares during the period. Financial Counselors Inc. increased its stake in United Parcel Service by 0.6% during the third quarter. Financial Counselors Inc. now owns 100,937 shares of the transportation company worth $18,381,000 after acquiring 566 additional shares last quarter. Finally, Bragg Financial Advisors Inc increased its stake in United Parcel Service by 22.7% during the third quarter. Bragg Financial Advisors Inc now owns 10,420 shares of the transportation company worth $1,897,000 after acquiring 1,930 additional shares in the last quarter. 56.97% of the shares are currently held by institutional investors and hedge funds.

NYSE:UPS shares opened at $212.43 on Friday. The company has a fifty-day moving average of $212.18 and a 200-day moving average of $203.45. The company has a market capitalization of $184.63 billion, a PE ratio of 28.63, a price-to-earnings growth ratio of 1.37 and a beta of 1.13. The company has a debt ratio of 1.73, a quick ratio of 1.48 and a current ratio of 1.48. United Parcel Service has a 52-week minimum of $157.55 and a 52-week maximum of $233.72.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 10. Shareholders of record on Tuesday, February 22 will receive a dividend of $1.52 per share. The ex-dividend date is Friday, February 18. This is an increase from United Parcel Service’s previous quarterly dividend of $1.02. This represents an annualized dividend of $6.08 and a yield of 2.86%. United Parcel Service’s delivery rate is currently 81.94%.

United Parcel Service Company Profile (Get a rating)

United Parcel Service, Inc. operates as a logistics and parcel delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, land freight, ocean freight, air freight, customs brokerage, insurance and financing. The Company operates through the following segments: United States

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Revenue history and estimates for United Parcel Service (NYSE:UPS)

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