United Parcel Service, Inc. (UPS) Releases FY17 Earnings Guidance
United Parcel Service, Inc. (NYSE:UPS) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.86-6.10 for the period, compared to the Thomson Reuters consensus estimate of $5.96.
Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of United Parcel Service from a hold rating to a sell rating in a research report on Monday, July 17th. Cowen and Company restated a hold rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Oppenheimer Holdings, Inc. restated an outperform rating and set a $116.00 target price on shares of United Parcel Service in a research report on Friday, May 19th. Sanford C. Bernstein restated an outperform rating and set a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Finally, BidaskClub upgraded shares of United Parcel Service from a sell rating to a hold rating in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $114.57.
Shares of United Parcel Service, Inc. (NYSE:UPS) opened at 112.29 on Thursday. The stock has a 50 day moving average of $110.42 and a 200 day moving average of $108.28. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $120.44. The firm has a market capitalization of $97.44 billion, a price-to-earnings ratio of 28.68 and a beta of 0.88.
United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, April 27th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.03. The firm had revenue of $15.32 billion during the quarter, compared to analysts’ expectations of $15.19 billion. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.27 earnings per share. On average, analysts predict that United Parcel Service, Inc. will post $5.95 EPS for the current fiscal year.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.59% of the stock is owned by insiders.
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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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