According to Zacks, “We expect United Parcel's third-quarter results, which are likely to be released next month, to be hurt by adverse foreign currency movements and lower fuel surcharges. The factors had hurt the company's second quarter results as well. The Zacks Consensus Estimate for the third quarter has moved down by 3 cents to $1.43 per share over the last 60 days. Intense competition and other macroeconomic risks add to the woes. We are, however, positive on the company's expansion initiatives. Its decision to enter into Asia’s 3D printing industry bodes well as 3D Printing is considered to be one of the major technological revolutions of recent times. We are also impressed by the company’s efforts to reward investors consistently through share buybacks and dividends.”
A number of other research analysts have also recently commented on the company. Barclays PLC upped their target price on United Parcel Service from $110.00 to $115.00 and gave the company an equal weight rating in a research note on Monday, September 12th. Citigroup Inc. reaffirmed a hold rating on shares of United Parcel Service in a research note on Thursday, June 30th. Morgan Stanley set a $91.00 target price on United Parcel Service and gave the company a sell rating in a research note on Monday, August 1st. Argus upped their target price on United Parcel Service from $115.00 to $125.00 and gave the company a buy rating in a research note on Tuesday, August 2nd. Finally, William Blair reaffirmed an outperform rating on shares of United Parcel Service in a research note on Tuesday, September 13th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. United Parcel Service currently has an average rating of Hold and a consensus price target of $109.23.
United Parcel Service (NYSE:UPS) opened at 109.36 on Wednesday. United Parcel Service has a 52 week low of $87.30 and a 52 week high of $111.83. The stock’s 50 day moving average is $109.04 and its 200 day moving average is $106.47. The company has a market capitalization of $96.03 billion, a PE ratio of 19.66 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.43. United Parcel Service had a return on equity of 211.88% and a net margin of 8.41%. The business had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same period in the prior year, the business posted $1.35 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts predict that United Parcel Service will post $5.81 EPS for the current fiscal year.
In other United Parcel Service news, insider James J. Barber sold 2,268 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $109.79, for a total transaction of $249,003.72. Following the completion of the sale, the insider now owns 31,418 shares in the company, valued at $3,449,382.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.72% of the company’s stock.
Several hedge funds have recently modified their holdings of UPS. Sigma Planning Corp raised its stake in shares of United Parcel Service by 2.4% in the first quarter. Sigma Planning Corp now owns 12,433 shares of the company’s stock valued at $1,311,000 after buying an additional 295 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of United Parcel Service by 6.1% in the first quarter. GW&K Investment Management LLC now owns 201,187 shares of the company’s stock valued at $21,219,000 after buying an additional 11,614 shares in the last quarter. Hutner Daniel Ellsworth raised its stake in shares of United Parcel Service by 18.7% in the first quarter. Hutner Daniel Ellsworth now owns 5,233 shares of the company’s stock valued at $552,000 after buying an additional 825 shares in the last quarter. HHG & Company LLC raised its stake in shares of United Parcel Service by 0.4% in the first quarter. HHG & Company LLC now owns 41,443 shares of the company’s stock valued at $4,371,000 after buying an additional 182 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its stake in shares of United Parcel Service by 14.1% in the first quarter. Carroll Financial Associates Inc. now owns 13,727 shares of the company’s stock valued at $1,447,000 after buying an additional 1,695 shares in the last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.
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. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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