United Parcel Service, Inc. (NYSE:UPS) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS
United Parcel Service, Inc. (NYSE:UPS) announced its quarterly earnings results on Thursday. The transportation company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.47 by $0.11, Bloomberg Earnings reports. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a return on equity of 320.39% and a net margin of 5.60%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 earnings per share. United Parcel Service updated its FY17 guidance to $5.86-6.10 EPS.
Shares of United Parcel Service (NYSE:UPS) traded down 4.01% during midday trading on Thursday, reaching $107.79. The company’s stock had a trading volume of 7,445,857 shares. The company has a market cap of $93.54 billion, a P/E ratio of 27.53 and a beta of 0.88. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $120.44. The stock’s 50-day moving average price is $110.42 and its 200-day moving average price is $108.28.
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UPS has been the topic of several research reports. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Friday, April 7th. Sanford C. Bernstein restated an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a research note on Monday, July 3rd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 price target on shares of United Parcel Service in a research note on Friday, May 19th. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Finally, Seaport Global Securities initiated coverage on United Parcel Service in a research note on Tuesday, June 6th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. United Parcel Service has a consensus rating of “Hold” and a consensus price target of $114.57.
In other news, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.59% of the company’s stock.
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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