The results topped Wall Street expectations.
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Shares of United Parcel Service (NYSE:UPS) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the company, MarketBeat Ratings reports.
Analysts have been a bit reluctant to move ratings and price targets on the stock. The 52-week low of the share price is $94.05.
Shares of United Parcel Service (NYSE:UPS) opened at 94.75 on Thursday.
United Parcel Service Inc.is now valued at $85.67 billion. The stock’s 50-day moving average is $98.46 and its 200-day moving average is $100.35. The company has a 52-week high of $114.4.
United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 28th. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The company posted second-quarter adjusted earnings of $1.35 per share, up from $1.21 a share in the year-earlier period. (NYSE:UPS) traded 0.37 points or 0.39% higher at $95.12.The total intraday money flow for the shares came in at a disappointing $(-21.92) million.
Analyst are expecting a year-over-year increase in earnings per share and revenue for the second quarter of 2015. The heightened volatility saw the trading volume jump to 3,627,689 shares.
In other United Parcel Service news, Chairman D Scott Davis sold 30,000 shares of United Parcel Service stock in a transaction dated Monday, May 11th.
CHICAGO, July 28 Package delivery company United Parcel Service Inc on Tuesday reported a higher quarterly net profit, as improved margins offset a slight drop in revenue.
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United Parcel Service, Inc. has dropped 2.7% during the last 3-month period. (UPS) is a package delivery company. It serves the global market for logistics services, which include transportation, distribution, forwarding, ground, ocean and air freight, brokerage and financing.
