Oppenheimer Weighs in on United Parcel Service, Inc.’s Q1 2019 Earnings (UPS)

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United Parcel Service, Inc. (NYSE:UPS) – Stock analysts at Oppenheimer cut their Q1 2019 earnings estimates for shares of United Parcel Service in a report released on Wednesday, March 13th. Oppenheimer analyst S. Schneeberger now forecasts that the transportation company will post earnings of $1.41 per share for the quarter, down from their previous forecast of $1.46. Oppenheimer also issued estimates for United Parcel Service’s FY2019 earnings at $7.55 EPS and FY2020 earnings at $8.17 EPS.

Other research analysts have also issued reports about the stock. Standpoint Research initiated coverage on shares of United Parcel Service in a research note on Wednesday, December 26th. They issued a “buy” rating and a $89.89 price objective on the stock. Barclays restated a “hold” rating and set a $112.00 price objective on shares of United Parcel Service in a report on Tuesday, January 29th. Berenberg Bank reiterated a “hold” rating and issued a $125.00 target price on shares of United Parcel Service in a research note on Friday. Credit Suisse Group reduced their target price on shares of United Parcel Service from $118.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, January 15th. Finally, Bank of America restated a “neutral” rating and issued a $112.00 price objective (down from $116.00) on shares of United Parcel Service in a research report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four 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 a consensus price target of $123.41.

Shares of NYSE UPS opened at $109.52 on Friday. United Parcel Service has a 12-month low of $89.89 and a 12-month high of $125.09. The firm has a market cap of $95.38 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.63 and a beta of 1.21. The company has a debt-to-equity ratio of 6.56, a quick ratio of 1.15 and a current ratio of 1.15.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 31st. The transportation company reported $1.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.03. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. The firm had revenue of $19.85 billion during the quarter, compared to analyst estimates of $19.92 billion. During the same period in the previous year, the company earned $1.67 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 26th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Monday, February 25th. This is an increase from United Parcel Service’s previous quarterly dividend of $0.91. United Parcel Service’s dividend payout ratio (DPR) is currently 53.04%.

In other United Parcel Service news, CFO Richard N. Peretz sold 9,112 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total value of $1,013,072.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Teri P. Mcclure sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $109.72, for a total value of $548,600.00. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its stake in shares of United Parcel Service by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 448,441 shares of the transportation company’s stock worth $52,355,000 after acquiring an additional 4,002 shares in the last quarter. Country Club Trust Company n.a. lifted its position in United Parcel Service by 21.8% in the fourth quarter. Country Club Trust Company n.a. now owns 62,023 shares of the transportation company’s stock worth $6,050,000 after purchasing an additional 11,106 shares during the period. Tredje AP fonden lifted its position in United Parcel Service by 2.3% in the fourth quarter. Tredje AP fonden now owns 55,837 shares of the transportation company’s stock worth $5,446,000 after purchasing an additional 1,243 shares during the period. Aviva PLC lifted its position in shares of United Parcel Service by 40.9% during the 3rd quarter. Aviva PLC now owns 511,236 shares of the transportation company’s stock valued at $59,687,000 after acquiring an additional 148,470 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. lifted its position in shares of United Parcel Service by 3.7% during the 4th quarter. Pinnacle Financial Partners Inc. now owns 42,697 shares of the transportation company’s stock valued at $4,165,000 after acquiring an additional 1,504 shares during the last quarter. Institutional investors own 55.02% of the company’s stock.

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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Earnings History and Estimates for United Parcel Service (NYSE:UPS)

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