KeyCorp Comments on United Parcel Service, Inc.’s Q1 2019 Earnings (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPS) – KeyCorp dropped their Q1 2019 EPS estimates for United Parcel Service in a report released on Tuesday, March 26th, Zacks Investment Research reports. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings of $1.41 per share for the quarter, down from their previous forecast of $1.45. KeyCorp also issued estimates for United Parcel Service’s Q2 2019 earnings at $2.03 EPS.

Other research analysts have also issued research reports about the company. Standpoint Research initiated coverage on United Parcel Service in a report on Wednesday, December 26th. They issued a “buy” rating and a $89.89 target price on the stock. Berenberg Bank raised United Parcel Service from a “hold” rating to a “buy” rating and boosted their target price for the company from $125.00 to $130.00 in a report on Monday, April 1st. Barclays reaffirmed a “hold” rating and set a $112.00 price objective on shares of United Parcel Service in a report on Tuesday, January 29th. Credit Suisse Group dropped their price objective on United Parcel Service from $118.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, January 15th. Finally, Bank of America reaffirmed a “neutral” rating and set a $112.00 price objective (down previously from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and an average target price of $123.70.

Shares of NYSE:UPS traded down $0.34 during trading on Thursday, reaching $114.15. The company had a trading volume of 1,859,667 shares, compared to its average volume of 2,349,640. The firm has a market cap of $98.20 billion, a P/E ratio of 15.74, a PEG ratio of 1.69 and a beta of 1.21. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 6.56. United Parcel Service has a fifty-two week low of $89.89 and a fifty-two week high of $125.09.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPS. CI Investments Inc. grew its stake in shares of United Parcel Service by 8.2% in the third quarter. CI Investments Inc. now owns 603,743 shares of the transportation company’s stock valued at $70,487,000 after buying an additional 45,945 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of United Parcel Service by 753.9% in the third quarter. Canada Pension Plan Investment Board now owns 272,483 shares of the transportation company’s stock valued at $31,812,000 after buying an additional 240,573 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of United Parcel Service by 7.9% in the third quarter. Schroder Investment Management Group now owns 29,204 shares of the transportation company’s stock valued at $3,410,000 after buying an additional 2,140 shares in the last quarter. Freestone Capital Holdings LLC acquired a new stake in shares of United Parcel Service in the third quarter valued at about $246,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of United Parcel Service by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,036,359 shares of the transportation company’s stock valued at $237,744,000 after buying an additional 47,982 shares in the last quarter. Hedge funds and other institutional investors own 55.55% of the company’s stock.

In related news, SVP Teri P. Mcclure sold 5,000 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard N. Peretz sold 9,112 shares of the stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total value of $1,013,072.16. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

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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