United Parcel Service (NYSE:UPS) will announce its earnings results before the market opens on Wednesday, April 25th. Analysts expect the company to announce earnings of $1.58 per share for the quarter. United Parcel Service has set its FY18 guidance at $7.03-7.37 EPS.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.01. The company had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. On average, analysts expect United Parcel Service to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Shares of NYSE UPS opened at $109.52 on Wednesday. The firm has a market capitalization of $92,407.99, a PE ratio of 18.22, a P/E/G ratio of 1.61 and a beta of 1.03. United Parcel Service has a fifty-two week low of $101.45 and a fifty-two week high of $135.53. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.22.
A hedge fund recently raised its stake in United Parcel Service stock. Ark Investment Management LLC grew its position in shares of United Parcel Service (NYSE:UPS) by 85.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,695 shares of the transportation company’s stock after purchasing an additional 1,699 shares during the period. Ark Investment Management LLC’s holdings in United Parcel Service were worth $409,000 at the end of the most recent reporting period. 54.15% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on UPS shares. Deutsche Bank reiterated a “buy” rating and issued a $145.00 price target (up from $135.00) on shares of United Parcel Service in a research report on Monday, January 8th. Stephens reiterated a “hold” rating and issued a $126.00 price target on shares of United Parcel Service in a research report on Monday, April 9th. Robert W. Baird reiterated a “hold” rating and issued a $130.00 price target on shares of United Parcel Service in a research report on Tuesday, January 9th. Knight Equity reiterated a “buy” rating and issued a $135.00 price target (down from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Finally, Vetr upgraded United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price target for the company in a research report on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $124.73.
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About United Parcel Service
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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