Quite a few brokerages have expected the stocks of UPS to produce a quarterly sales sum of $22.34 billion for the quarter. According to a report, five investment analysts have already provided estimates into the earnings of the company. The highest sale has been recorded at $23.73 billion, with the lowest coming in at $19.90 billion. The company did quote a sales sum of $20.46 billion the previous year, which does indicate an annual growth rate of 9.2%. The company will be announcing its next quarterly report on the 29th of July.
The Quarterly Reports Of UPS
UPS previously announced its quarterly reports on the 27th of April. The company had reported an EPS of $2.77 for the quarter, which was more than the consensus estimate of $1.72. The net margin for the company over the period was 5.87%, with a 193.06% return on equity. The revenue generated by the company over the period was $22.91 billion, with the analyst estimate coming to $20.62 billion.
There have been quite a few research equities that have commented on the stocks of UPS. Citigroup has already increased the price target of the company from $220 to $235 with a rating of neutral in a Tuesday research report. Argus has also increased the price target of the company from $185 to $220 with a rating of buy in a 28th April research report. UBS Group has decidedly increased the price target of the company from $205 to $244 with a rating of buy in a 28th April research report.
Morgan Stanley has also increased the price target of the company from $80 to $120 with a rating of underweight in a 28th April research report. In the end, Zacks Investment decided to increase the rating of the company from hold to strong-buy with a price target of $234 in a 30th April research report.
Nine investment analysts have issued the company with a rating of hold, while thirteen of them have issued the company with a rating of buy. Currently, UPS has a buy rating with a $197.75 price target.
