Q4 2019 EPS Estimates for United Parcel Service, Inc. Decreased by Seaport Global Securities (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPS) – Equities research analysts at Seaport Global Securities lowered their Q4 2019 earnings estimates for shares of United Parcel Service in a report released on Wednesday, October 23rd. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will post earnings per share of $2.10 for the quarter, down from their prior estimate of $2.11. Seaport Global Securities also issued estimates for United Parcel Service’s Q1 2020 earnings at $1.52 EPS, Q2 2020 earnings at $2.06 EPS, Q3 2020 earnings at $2.08 EPS, Q4 2020 earnings at $2.20 EPS and FY2020 earnings at $7.87 EPS.

Several other equities research analysts have also issued reports on UPS. GMP Securities raised shares of United Parcel Service to a “reduce” rating in a research note on Monday. Raymond James lifted their price objective on shares of United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Deutsche Bank reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. Daiwa Capital Markets raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a research note on Monday, August 26th. Finally, Wells Fargo & Co began coverage on shares of United Parcel Service in a research note on Monday. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. United Parcel Service has a consensus rating of “Hold” and an average price target of $120.93.

UPS stock opened at $116.25 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 3.90. United Parcel Service has a 1 year low of $89.89 and a 1 year high of $123.63. The company has a fifty day simple moving average of $118.12 and a 200 day simple moving average of $109.92. The firm has a market cap of $97.90 billion, a PE ratio of 16.06, a PEG ratio of 1.73 and a beta of 1.24.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.01. United Parcel Service had a net margin of 6.81% and a return on equity of 154.80%. The company had revenue of $18.32 billion during the quarter, compared to analyst estimates of $18.35 billion. During the same quarter last year, the business posted $1.82 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis.

A number of institutional investors have recently added to or reduced their stakes in the business. Walter & Keenan Financial Consulting Co. MI ADV lifted its position in United Parcel Service by 48.1% during the 3rd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 5,330 shares of the transportation company’s stock worth $639,000 after acquiring an additional 1,730 shares during the last quarter. Bank of The West lifted its position in United Parcel Service by 1.5% during the 3rd quarter. Bank of The West now owns 16,937 shares of the transportation company’s stock worth $2,030,000 after acquiring an additional 253 shares during the last quarter. Dupont Capital Management Corp acquired a new position in United Parcel Service during the 3rd quarter worth $1,102,000. Naples Global Advisors LLC lifted its position in United Parcel Service by 2.8% during the 3rd quarter. Naples Global Advisors LLC now owns 24,393 shares of the transportation company’s stock worth $2,923,000 after acquiring an additional 655 shares during the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management lifted its position in United Parcel Service by 2.5% during the 3rd quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 5,608 shares of the transportation company’s stock worth $672,000 after acquiring an additional 136 shares during the last quarter. 55.31% of the stock is owned by hedge funds and other institutional investors.

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 and Estimates for United Parcel Service (NYSE:UPS)

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