United Parcel Service, Inc. (NYSE:UPS) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $5.85-6.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.01.
United Parcel Service, Inc. (NYSE UPS) opened at $113.23 on Friday. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $121.75. The stock has a market cap of $97,018.10, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.02 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.45. The company had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 earnings per share. sell-side analysts predict that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be given a $0.83 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.93%. United Parcel Service’s payout ratio is currently 81.37%.
Several research firms have recently commented on UPS. UBS AG boosted their target price on shares of United Parcel Service from $117.00 to $126.00 and gave the stock a neutral rating in a report on Friday, October 27th. Robert W. Baird reiterated a hold rating and set a $118.00 price objective on shares of United Parcel Service in a research report on Sunday, October 1st. Cowen and Company upped their price target on shares of United Parcel Service from $115.00 to $124.00 and gave the stock a market perform rating in a report on Monday, October 23rd. Stifel Nicolaus upped their price target on shares of United Parcel Service from $103.00 to $112.00 and gave the stock a hold rating in a report on Friday, October 27th. Finally, BMO Capital Markets increased their target price on shares of United Parcel Service from $115.00 to $128.00 and gave the stock a market perform rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. United Parcel Service has an average rating of Hold and an average price target of $119.22.
In other news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.59% of the company’s stock.
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A hedge fund recently raised its stake in United Parcel Service stock. Ark Investment Management LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 85.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,695 shares of the transportation company’s stock after buying an additional 1,699 shares during the quarter. Ark Investment Management LLC’s holdings in United Parcel Service were worth $409,000 as of its most recent filing with the Securities and Exchange Commission. 52.87% of the stock is currently owned by institutional investors and hedge funds.
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.
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