UPS reported third-quarter net profit of $1.26-billion, or $1.39 per share, up 4 per cent from $1.21-billion, or $1.32 per share, a year earlier.
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Analysts, on average, expected earnings per share of US$1.37. The company affirmed its full-year EPS outlook of $5.05 to $5.30. The company said on a currency neutral basis, its revenue would have been up 1.8 percent. Last year, heavy spending to prepare for the season led to a drop in UPS’ quarterly profit.
The company shares have rallied 3.78% in the past 52 Weeks.
Historically, United Parcel Service Class B has been trading with a 52 week low of 93.64 and a 52 week of high 114.40. The stock’s 50 day moving average is $100.65 and its 200-day moving average is $99.61. It has under-performed the S&P 500, which is down 0.44% year-to-date (YTD).
United Parcel Service (NYSE:UPS) opened at 106.80 on Monday.
United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 28th.
In its most recent quarter United Parcel Service Class B had actual sales of $ 14095M. Oppenheimer reissued an “outperform” rating and set a $108.00 price target on shares of United Parcel Service in a research report on Wednesday, July 29th.
Now the company Insiders own 0.72% of Utd Parcel Srvc Company shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -10.57%.
Zacks Rank: now, United Parcel has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. The total value of the transaction was worth $1,014,571. (NYSE:UPS): On Friday heightened volatility was witnessed in United Parcel Service, Inc.
UPS announced $0.73 dividend per share in August.
In trading Tuesday, UPS shares were down $3.69, or 3.5 percent, to $102.49 about 20 minutes before the opening bell. The company has a market cap of $95,157 million and there are 896,188,540 shares in outstanding. The standard deviation of the price stands at $5.95.
United Parcel Service, Inc.is a package delivery company.
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UPS said that on December. 22, its anticipated peak day, it expects to ship 36 million packages, or around double its daily average. The Company offers transportation, distribution, forwarding, earth cargo, ocean freight, air freight, brokerage and lending services.
