Oppenheimer Holdings Equities Analysts Decrease Earnings Estimates for United Parcel Service, Inc. (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPS) – Equities researchers at Oppenheimer Holdings dropped their Q3 2017 earnings per share (EPS) estimates for shares of United Parcel Service in a report released on Sunday. Oppenheimer Holdings analyst S. Schneeberger now expects that the transportation company will post earnings per share of $1.44 for the quarter, down from their prior forecast of $1.49. Oppenheimer Holdings has a “Outperform” rating and a $116.00 price target on the stock. Oppenheimer Holdings also issued estimates for United Parcel Service’s Q4 2017 earnings at $1.62 EPS.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. United Parcel Service’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $1.43 EPS.

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Other research analysts also recently issued reports about the stock. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Seaport Global Securities began coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating on the stock. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $113.77.

United Parcel Service (NYSE:UPS) opened at 111.26 on Tuesday. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $120.44. The stock has a market cap of $96.24 billion, a P/E ratio of 27.36 and a beta of 0.88. The stock has a 50 day moving average of $110.66 and a 200-day moving average of $108.10.

In other news, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of UPS. iAB Financial Bank boosted its stake in shares of United Parcel Service by 2.9% in the first quarter. iAB Financial Bank now owns 8,850 shares of the transportation company’s stock worth $950,000 after buying an additional 250 shares during the last quarter. Clarkston Capital Partners LLC boosted its stake in shares of United Parcel Service by 7.9% in the first quarter. Clarkston Capital Partners LLC now owns 192,019 shares of the transportation company’s stock worth $20,604,000 after buying an additional 14,075 shares during the last quarter. First Merchants Corp boosted its stake in shares of United Parcel Service by 2.4% in the first quarter. First Merchants Corp now owns 6,946 shares of the transportation company’s stock worth $746,000 after buying an additional 165 shares during the last quarter. Weaver C. Barksdale & Associates Inc. boosted its stake in shares of United Parcel Service by 62.5% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 13,083 shares of the transportation company’s stock worth $1,404,000 after buying an additional 5,030 shares during the last quarter. Finally, Boltwood Capital Management boosted its stake in shares of United Parcel Service by 19.8% in the first quarter. Boltwood Capital Management now owns 10,880 shares of the transportation company’s stock worth $1,167,000 after buying an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 53.20% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

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