United Parcel Service, Inc. (NYSE:UPS) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.85-6.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.01.
Shares of United Parcel Service, Inc. (NYSE UPS) traded up $0.68 during mid-day trading on Friday, reaching $113.23. 2,839,900 shares of the company’s stock traded hands, compared to its average volume of 2,699,219. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $121.75. The firm has a market cap of $97,018.10, a price-to-earnings ratio of 18.82, a P/E/G ratio of 2.02 and a beta of 0.92.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.45. The firm had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. equities analysts expect that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.83 per share. The ex-dividend date is Friday, November 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.93%. United Parcel Service’s dividend payout ratio is presently 81.37%.
UPS has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of United Parcel Service from a hold rating to a buy rating and set a $133.00 price objective on the stock in a research note on Friday, October 6th. Cowen and Company reiterated a hold rating on shares of United Parcel Service in a research note on Wednesday, July 19th. BidaskClub lowered shares of United Parcel Service from a hold rating to a sell rating in a research note on Friday, July 28th. Robert W. Baird reiterated a hold rating and issued a $118.00 price target on shares of United Parcel Service in a research note on Friday, August 25th. Finally, J P Morgan Chase & Co upped their price target on shares of United Parcel Service from $113.00 to $114.00 and gave the company a neutral rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. United Parcel Service presently has a consensus rating of Hold and a consensus price target of $119.22.
In related news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. 0.59% of the stock is owned by corporate insiders.
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An institutional investor recently raised its position in United Parcel Service stock. Ark Investment Management LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 85.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,695 shares of the transportation company’s stock after acquiring an additional 1,699 shares during the quarter. Ark Investment Management LLC’s holdings in United Parcel Service were worth $409,000 as of its most recent SEC filing. 52.87% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service Company Profile
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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