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

United Parcel Service (NYSE:UPS) will be issuing its quarterly earnings data before the market opens on Wednesday, October 24th. Analysts expect the company to announce earnings of $1.82 per share for the quarter. United Parcel Service has set its FY18 guidance at $7.03-7.37 EPS.

United Parcel Service (NYSE:UPS) last released its earnings results on Wednesday, July 25th. The transportation company reported $1.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.01. The firm had revenue of $17.46 billion for the quarter, compared to analysts’ expectations of $17.34 billion. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. United Parcel Service’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $1.58 EPS. On average, analysts expect United Parcel Service to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

United Parcel Service stock opened at $115.64 on Tuesday. The stock has a market cap of $100.22 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.74 and a beta of 1.16. The company has a debt-to-equity ratio of 8.54, a quick ratio of 1.21 and a current ratio of 1.21. United Parcel Service has a 52 week low of $101.45 and a 52 week high of $135.53.

UPS has been the topic of several research analyst reports. Goldman Sachs Group set a $150.00 target price on shares of United Parcel Service and gave the company a “buy” rating in a research note on Monday, September 10th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and set a $128.00 target price on the stock in a research note on Monday, October 1st. Morgan Stanley raised their target price on shares of United Parcel Service from $90.00 to $92.00 and gave the company an “underweight” rating in a research note on Thursday, July 26th. Berenberg Bank initiated coverage on shares of United Parcel Service in a research note on Friday, September 21st. They set a “hold” rating and a $125.00 target price on the stock. They noted that the move was a valuation call. Finally, Credit Suisse Group raised their target price on shares of United Parcel Service from $114.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, July 26th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $125.49.

In other news, insider George Willis sold 4,312 shares of United Parcel Service stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total value of $523,218.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO James J. Barber sold 2,500 shares of United Parcel Service stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $121.94, for a total transaction of $304,850.00. The disclosure for this sale can be found here. Insiders sold a total of 8,512 shares of company stock worth $1,031,932 in the last ninety days. Corporate insiders own 0.56% of the company’s stock.

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.

Further Reading: Why investors pay attention to retained earnings

Earnings History for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply