United Parcel Service (NYSE:UPS) issued its earnings results on Tuesday. The transportation company reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.01, Bloomberg Earnings reports. The business had revenue of $18.32 billion during the quarter, compared to analyst estimates of $18.35 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. United Parcel Service’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. United Parcel Service updated its FY 2019 guidance to $7.45-7.75 EPS and its FY19 guidance to $7.45-7.75 EPS.
UPS opened at $116.10 on Wednesday. The firm has a market cap of $101.77 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.80 and a beta of 1.24. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 4.62. United Parcel Service has a 12 month low of $89.89 and a 12 month high of $123.63. The stock has a fifty day moving average price of $118.60 and a 200-day moving average price of $109.87.
A number of equities research analysts have weighed in on the company. Loop Capital set a $140.00 target price on United Parcel Service and gave the company a “buy” rating in a research report on Monday, September 23rd. Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. UBS Group lifted their target price on United Parcel Service to $128.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Daiwa Capital Markets raised United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 target price for the company in a research report on Monday, August 26th. Finally, Goldman Sachs Group initiated coverage on United Parcel Service in a research report on Wednesday, July 10th. They issued a “buy” rating and a $123.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $120.46.
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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