United Parcel Service, Inc. (NYSE:UPS) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, UPS is expected to report 3Q20 income of $ 1.86 per share from revenue of $ 20132.90 million.
For the full year, analysts anticipate top line of $ 80861.00 million, while looking forward to income of $ 7.12 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 7.76 ~ $ 8.06 per share
Click Here For More Historical Outlooks Of United Parcel Service, Inc.
Previous Quarter Performance
United Parcel Service, Inc. unveiled income for the second quarter of $ 2.13 per share, from the revenue of $ 20,459.00 million. The quarterly earnings 8.67 percent while revenues up 13.36 percent compared with the same quarter last year.
Street analysts expected United Parcel Service, Inc. to report income of $ 1.07 per share on revenue of $ 17482.40 million for the second quarter. The bottom line results beat street analysts by $ 1.06 or 99.07 percent, at the same time, top line results outshined analysts by $ 2,976.60 million or 17.03 percent.
Stock Performance
Shares of United Parcel Service, Inc. traded up $ 2.84 or 1.69 percent on Tuesday, reaching $ 170.84 with volume of 5.47 million shares. United Parcel Service, Inc. has traded high as $ 171.67 and has cracked $ 168.61 on the downward trend
According to the previous trading day, closing price of $ 170.84, representing a 104.88 % increase from the 52 week low of $ 82.00 and a 5.62 % decrease over the 52 week high of $ 178.01.
The company has a market capital of $ 147.50 billion and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Citigroup at Buy rating, with $ 190.00 target price.
- On 5th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 70.00 target price.
- On 29th September 2020, maintained by Raymond James at Strong Buy rating, with $ 195.00 target price.
- On 28th September 2020, upgraded by KeyBanc to Overweight from Sector Weight rating.
- On 23rd September 2020, maintained by Bank of America at Buy rating, with $ 183.00 target price.
Recent Stock Dividend Announcement
On August 12, 2020, the board of directors authorized quarterly dividend of $ 1.01 per share to holders of record as of the close of business on August 24, 2020, with payment date of September 9, 2020 and ex-dividend date on August 21, 2020.
Conference Call
United Parcel Service, Inc. will be hosting a conference call at 8:30 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ups.com
United Parcel Service, Inc. provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S.
