United Parcel Service (UPS) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.21. The company posted revenue of $14418.00 million in the period, compared to analysts expectations of $14569.73 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.
Many Wall Street Analysts have commented on United Parcel Service. Company shares were Reiterated by Cowen on Apr 29, 2016 to “Market Perform”, Firm has raised the Price Target to $ 110 from a previous price target of $102 .Company shares were Reiterated by UBS on Mar 24, 2016 to “Neutral”, Firm has raised the Price Target to $ 109 from a previous price target of $102 .Morgan Stanley Resumed United Parcel Service on Feb 23, 2016 to “Underweight”, Price Target of the shares are set at $88.
United Parcel Service opened for trading at $106.28 and hit $106.83 on the upside on Wednesday, eventually ending the session at $106.46, with a gain of 0.22% or 0.23 points. The heightened volatility saw the trading volume jump to 28,71,928 shares. Company has a market cap of $94,152 M.
In a different news, on Feb 19, 2016, D Scott Davis (director) sold 33,713 shares at $97.57 per share price. According to the SEC, on Sep 1, 2015, Kurt P Kuehn (Senior Vice President) sold 10,338 shares at $98.14 per share price. On Aug 3, 2015, James J. Barber (Senior Vice President) sold 2,331 shares at $102.58 per share price, according to the Form-4 filing with the securities and exchange commission.
United Parcel Service Inc. is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages in over 220 countries and territories. It also provides control and visibility of customers inventories and supply chains via its UPS technology platform. The Company offers transportation distribution forwarding ground freight ocean freight air freight brokerage and financing services. It operates in three segments: U.S. Domestic Package International Package and Supply Chain & Freight. Its WorldShip is a desktop shipping application that provides middle market and large customers with shipping capabilities. Customers can create custom labels set up shipment alerts create and upload customs documentation track and export shipments create reports and integrate with their enterprise resource planning and accounting systems. UPS marketplace shipping allows marketplace sellers to ship their orders via www.ups.com or WorldShip.