United Parcel Service (UPS) Set to Announce Quarterly Earnings on Monday

United Parcel Service (NYSE:UPS) will announce its earnings results before the market opens on Monday, January 29th. Analysts expect the company to announce earnings of $1.67 per share for the quarter. United Parcel Service has set its FY17 guidance at $5.85-6.10 EPS.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 earnings per share. On average, analysts expect United Parcel Service to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

United Parcel Service (NYSE UPS) opened at $133.08 on Monday. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $135.53. The company has a market cap of $114,680.00, a PE ratio of 32.70, a PEG ratio of 2.07 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06.

An institutional investor recently raised its position in United Parcel Service stock. Ark Investment Management LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 85.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,695 shares of the transportation company’s stock after acquiring an additional 1,699 shares during the period. Ark Investment Management LLC’s holdings in United Parcel Service were worth $409,000 at the end of the most recent reporting period. 53.50% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. Credit Suisse Group reiterated a “hold” rating and issued a $137.00 price objective on shares of United Parcel Service in a research note on Wednesday, January 17th. Robert W. Baird reiterated a “hold” rating and issued a $130.00 price objective on shares of United Parcel Service in a research note on Tuesday, January 9th. Knight Equity reiterated a “buy” rating and issued a $135.00 price objective (down previously from $145.00) on shares of United Parcel Service in a research note on Monday, January 8th. Deutsche Bank reiterated a “buy” rating and issued a $145.00 price objective (up previously from $135.00) on shares of United Parcel Service in a research note on Monday, January 8th. Finally, UBS Group lifted their price objective on shares of United Parcel Service from $117.00 to $126.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $124.09.

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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.

Earnings History for United Parcel Service (NYSE:UPS)

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