United Parcel Service, Inc. (NYSE:UPS) Issues Quarterly Earnings Results

United Parcel Service, Inc. (NYSE:UPS) posted its quarterly earnings data on Thursday. The transportation company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.12, Bloomberg Earnings reports. The firm had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. United Parcel Service updated its FY17 guidance to $5.86-6.10 EPS.

United Parcel Service (UPS) traded up 1.73% on Friday, reaching $109.66. 4,274,849 shares of the company traded hands. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $120.44. The stock’s 50-day moving average is $110.53 and its 200-day moving average is $108.24. The stock has a market capitalization of $95.62 billion, a price-to-earnings ratio of 26.96 and a beta of 0.88.

Several brokerages have recently issued reports on UPS. BidaskClub lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Seaport Global Securities began coverage on shares of United Parcel Service in a research note on Tuesday, June 6th. They set a “neutral” rating for the company. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 price target on shares of United Parcel Service in a research note on Friday, May 19th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $114.57.

In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.59% of the stock is owned by company insiders.

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. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.