United Parcel Service (NYSE:UPS) Announces Quarterly Earnings Results

United Parcel Service (NYSE:UPS) issued its quarterly earnings data on Thursday. The transportation company reported $2.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $1.06, MarketWatch Earnings reports. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The company had revenue of $20.46 billion for the quarter, compared to the consensus estimate of $17.42 billion. During the same period last year, the firm posted $1.96 EPS. United Parcel Service’s revenue for the quarter was up 13.4% on a year-over-year basis.

Shares of UPS opened at $142.76 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 5.86. The stock has a market cap of $123.08 billion, a P/E ratio of 28.38, a PEG ratio of 3.52 and a beta of 0.84. The company has a 50-day moving average of $113.28 and a two-hundred day moving average of $103.54. United Parcel Service has a 12-month low of $82.00 and a 12-month high of $145.50.

Several analysts have recently commented on the stock. TheStreet upgraded shares of United Parcel Service from a “c+” rating to a “b-” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $113.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Morgan Stanley raised their target price on shares of United Parcel Service from $60.00 to $66.00 and gave the stock an “underweight” rating in a research note on Friday. Berenberg Bank restated a “neutral” rating and issued a $105.00 target price on shares of United Parcel Service in a research note on Tuesday, April 28th. Finally, Stifel Nicolaus reduced their target price on shares of United Parcel Service from $104.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. United Parcel Service currently has a consensus rating of “Hold” and an average target price of $123.62.

In other United Parcel Service news, CEO Carol B. Tome bought 10,100 shares of the business’s stock in a transaction on Friday, May 29th. The stock was bought at an average price of $99.33 per share, for a total transaction of $1,003,233.00. Following the completion of the transaction, the chief executive officer now owns 13,036 shares in the company, valued at approximately $1,294,865.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.57% 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.

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Earnings History for United Parcel Service (NYSE:UPS)

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