United Parcel Service (NYSE:UPS) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $7.03-7.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.24.
Several equities research analysts have recently commented on the company. Credit Suisse Group restated a hold rating and set a $137.00 price objective on shares of United Parcel Service in a report on Wednesday, January 17th. Robert W. Baird restated a hold rating and set a $130.00 price objective on shares of United Parcel Service in a report on Tuesday, January 9th. Deutsche Bank restated a buy rating and set a $145.00 price objective (up previously from $135.00) on shares of United Parcel Service in a report on Monday, January 8th. Knight Equity restated a buy rating and set a $135.00 price objective (down previously from $145.00) on shares of United Parcel Service in a report on Monday, January 8th. Finally, BMO Capital Markets boosted their price objective on United Parcel Service to $130.00 and gave the company a market perform rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $124.73.
Shares of NYSE:UPS traded up $1.83 during mid-day trading on Thursday, hitting $110.49. 364,450 shares of the company traded hands, compared to its average volume of 4,566,252. The stock has a market cap of $93,243.76, a price-to-earnings ratio of 18.08, a PEG ratio of 1.62 and a beta of 1.03. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 19.69. United Parcel Service has a 12-month low of $101.45 and a 12-month high of $135.53.
United Parcel Service (NYSE:UPS) last announced its earnings results on Wednesday, April 25th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The company had revenue of $17.11 billion for the quarter, compared to analysts’ expectations of $16.49 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. United Parcel Service’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.32 earnings per share. equities research analysts expect that United Parcel Service will post 7.22 earnings per share for the current year.
In related news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $106.80, for a total transaction of $480,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is owned by insiders.
An institutional investor recently raised its position in United Parcel Service stock. Ark Investment Management LLC boosted its holdings in United Parcel Service (NYSE:UPS) by 85.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,695 shares of the transportation company’s stock after purchasing an additional 1,699 shares during the period. Ark Investment Management LLC’s holdings in United Parcel Service were worth $409,000 as of its most recent SEC filing. 54.13% of the stock is owned by institutional investors and hedge funds.
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United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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