United Parcel Service (NYSE:UPS) Issues FY19 Earnings Guidance

United Parcel Service (NYSE:UPS) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $7.45-7.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.51. United Parcel Service also updated its FY 2019 guidance to $7.45-7.75 EPS.

UPS traded down $1.13 during trading on Thursday, reaching $114.02. 118,543 shares of the stock traded hands, compared to its average volume of 3,089,455. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 3.90. The stock has a market capitalization of $98.88 billion, a PE ratio of 15.75, a P/E/G ratio of 1.76 and a beta of 1.24. The stock’s 50-day moving average is $118.52 and its 200 day moving average is $109.88. United Parcel Service has a 12 month low of $89.89 and a 12 month high of $123.63.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.01. The company had revenue of $18.32 billion for the quarter, compared to analysts’ expectations of $18.35 billion. United Parcel Service had a net margin of 6.81% and a return on equity of 154.80%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 EPS. As a group, equities research analysts anticipate that United Parcel Service will post 7.52 EPS for the current year.

UPS has been the subject of several analyst reports. Berenberg Bank reiterated a buy rating on shares of United Parcel Service in a research note on Friday, July 26th. Raymond James raised their price target on shares of United Parcel Service from $130.00 to $135.00 and gave the stock a strong-buy rating in a research note on Thursday, July 25th. Stifel Nicolaus lowered shares of United Parcel Service from a buy rating to a hold rating and set a $118.00 price target for the company. in a research note on Monday, July 29th. Barclays restated a hold rating and set a $120.00 price target on shares of United Parcel Service in a research note on Wednesday. Finally, Credit Suisse Group decreased their price target on shares of United Parcel Service from $119.00 to $118.00 and set a neutral rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $121.35.

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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Earnings History and Estimates for United Parcel Service (NYSE:UPS)

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