United Parcel Service (UPS) Earning Somewhat Favorable Press Coverage, Analysis Finds
Press coverage about United Parcel Service (NYSE:UPS) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. United Parcel Service earned a news impact score of 0.22 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 46.0197859693581 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Will United Parcel Service Inc’s (NYSE:UPS) Earnings Grow In The Next 12 Months? (finance.yahoo.com)
- Buy United Parcel Service – Cramer’s Lightning Round (9/6/18) (seekingalpha.com)
- Cramer’s lightning round: Anheuser Busch doesn’t look attractive because I think we’re past beer (finance.yahoo.com)
- October 26th Options Now Available For United Parcel Service (UPS) (nasdaq.com)
- UPS Named Worldwide Supplier Of The Ryder Cup (finance.yahoo.com)
UPS has been the subject of several recent research reports. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Friday, August 3rd. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Monday, July 16th. Cowen reissued a “hold” rating and issued a $128.00 price objective on shares of United Parcel Service in a research note on Thursday, July 26th. Raymond James raised shares of United Parcel Service from a “market perform” rating to a “strong-buy” rating and set a $150.00 price objective for the company in a research note on Tuesday. Finally, Loop Capital raised their price objective on shares of United Parcel Service to $139.00 and gave the company a “buy” rating in a research note on Wednesday, May 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $124.49.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.01. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The company had revenue of $17.46 billion during the quarter, compared to the consensus estimate of $17.34 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. equities research analysts anticipate that United Parcel Service will post 7.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Monday, August 20th were paid a $0.91 dividend. The ex-dividend date was Friday, August 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.96%. United Parcel Service’s dividend payout ratio is currently 60.57%.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total transaction of $203,864.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider George Willis sold 4,312 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total transaction of $523,218.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,512 shares of company stock worth $1,031,932. 0.56% of the stock is owned by corporate insiders.
United Parcel Service Company Profile
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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