$17.41 Billion in Sales Expected for United Parcel Service, Inc. (UPS) This Quarter

Wall Street analysts expect that United Parcel Service, Inc. (NYSE:UPS) will post $17.41 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for United Parcel Service’s earnings. The lowest sales estimate is $17.04 billion and the highest is $17.79 billion. United Parcel Service posted sales of $15.98 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.9%. The company is scheduled to report its next quarterly earnings report before the market opens on Wednesday, October 24th.

On average, analysts expect that United Parcel Service will report full-year sales of $71.75 billion for the current year, with estimates ranging from $71.20 billion to $72.59 billion. For the next year, analysts forecast that the firm will report sales of $75.81 billion, with estimates ranging from $74.60 billion to $77.21 billion. Zacks’ sales averages are an average based on a survey of research firms that cover United Parcel Service.

United Parcel Service (NYSE:UPS) last announced its earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.01. The company had revenue of $17.46 billion for the quarter, compared to analysts’ expectations of $17.34 billion. United Parcel Service had a return on equity of 364.89% and a net margin of 7.49%. United Parcel Service’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 earnings per share.

Several research analysts recently issued reports on UPS shares. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research report on Friday, August 3rd. Loop Capital boosted their price objective on United Parcel Service to $145.00 and gave the stock a “positive” rating in a research report on Friday, September 14th. Goldman Sachs Group set a $150.00 price objective on United Parcel Service and gave the stock a “buy” rating in a research report on Monday, September 10th. Raymond James raised United Parcel Service from a “market perform” rating to a “strong-buy” rating and set a $150.00 price objective on the stock in a research report on Tuesday, September 4th. Finally, Berenberg Bank assumed coverage on United Parcel Service in a research report on Friday, September 21st. They issued a “hold” rating and a $125.00 price objective on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $125.49.

In other United Parcel Service news, COO James J. Barber sold 2,500 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $121.94, for a total value of $304,850.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kathleen M. Gutmann sold 1,700 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total value of $203,864.00. The disclosure for this sale can be found here. In the last three months, insiders sold 8,512 shares of company stock worth $1,031,932. Insiders own 0.56% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Parnassus Investments CA raised its stake in shares of United Parcel Service by 0.8% in the second quarter. Parnassus Investments CA now owns 6,839,746 shares of the transportation company’s stock valued at $726,586,000 after buying an additional 56,443 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of United Parcel Service by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,309,401 shares of the transportation company’s stock valued at $457,788,000 after buying an additional 121,264 shares during the period. Vulcan Value Partners LLC bought a new stake in shares of United Parcel Service during the 2nd quarter valued at $308,056,000. FineMark National Bank & Trust raised its stake in shares of United Parcel Service by 6.2% during the 2nd quarter. FineMark National Bank & Trust now owns 2,840,715 shares of the transportation company’s stock valued at $301,769,000 after purchasing an additional 165,571 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of United Parcel Service by 2.8% during the 2nd quarter. Janus Henderson Group PLC now owns 2,328,216 shares of the transportation company’s stock valued at $247,329,000 after purchasing an additional 62,331 shares during the period. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Shares of NYSE:UPS opened at $116.49 on Friday. The company has a market cap of $101.53 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.76 and a beta of 1.16. The company has a debt-to-equity ratio of 8.54, a quick ratio of 1.21 and a current ratio of 1.21. United Parcel Service has a 12-month low of $101.45 and a 12-month high of $135.53.

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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