United Parcel Service, Inc. (NYSE:UPS) – Seaport Global Securities decreased their Q4 2017 earnings estimates for shares of United Parcel Service in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst K. Sterling now expects that the transportation company will earn $1.66 per share for the quarter, down from their prior forecast of $1.67. Seaport Global Securities also issued estimates for United Parcel Service’s Q1 2018 earnings at $1.44 EPS, Q2 2018 earnings at $1.57 EPS, Q4 2018 earnings at $1.79 EPS, Q1 2019 earnings at $1.53 EPS, Q2 2019 earnings at $1.68 EPS, Q3 2019 earnings at $1.69 EPS and FY2019 earnings at $6.80 EPS.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting analysts’ consensus estimates of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year.

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A number of other research firms also recently issued reports on UPS. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. BidaskClub downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Robert W. Baird restated a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $119.11.

United Parcel Service (NYSE:UPS) opened at 120.75 on Monday. United Parcel Service has a 12 month low of $102.12 and a 12 month high of $121.75. The stock’s 50 day moving average price is $118.40 and its 200-day moving average price is $111.69. The stock has a market cap of $104.57 billion, a PE ratio of 29.69 and a beta of 0.90.

Institutional investors have recently made changes to their positions in the company. State of Wisconsin Investment Board lifted its position in shares of United Parcel Service by 50.0% in the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock valued at $79,456,000 after acquiring an additional 239,350 shares in the last quarter. Bank of The Ozarks lifted its position in shares of United Parcel Service by 17.9% in the first quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock valued at $625,000 after acquiring an additional 886 shares in the last quarter. Brookstone Capital Management lifted its position in shares of United Parcel Service by 9.0% in the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after acquiring an additional 4,541 shares in the last quarter. Airain ltd purchased a new position in shares of United Parcel Service in the first quarter valued at about $762,000. Finally, Vanguard Group Inc. lifted its position in shares of United Parcel Service by 2.2% in the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after acquiring an additional 1,030,326 shares in the last quarter. Institutional investors and hedge funds own 52.87% of the company’s stock.

In other news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.59% of the stock is owned by insiders.

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.

Earnings History and Estimates for United Parcel Service (NYSE:UPS)

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