New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 14, 2013
12:58 EDTUPS, FDX, TNTEYUPS advances after abandoning takeover of TNT
UPS (UPS) indicated this morning that it would not acquire Dutch delivery company TNT Express (TNTTY) as previously planned because the E.U. has decided to block the deal over competition concerns. As a result, UPS said that it would pay TNT a EUR200M termination fee. In a note to investors earlier today, Deutsche Bank analyst Justin Yagerman responded to the news by upgrading UPS to Buy from Hold. UPS will likely buy back more shares of its own stock following the termination of the deal, wrote Yagerman, who raised his earnings per share estimates to reflect the expected additional buybacks. The analyst, who added that investors had been cautious about the acquisition, increased his price target on UPS shares to $92 from $83. Similarly, Jefferies analyst Peter Nesvold wrote that UPS would likely buy back a large amount of additional shares or increase its dividend soon. The company could announce such a move after February 5, when the E.U. is expected to announce that it will block the TNT acquisition, wrote the analyst, who maintained a Hold rating on the stock. Meanwhile, Nesvold added that FedEx (FDX) is "extremely unlikely" to launch its own bid for UPS. In early afternoon trading, UPS rose $1.14, or 1.46%, to $79.06, while FedEx added 0.77% to $98.15.
News For UPS;FDX;TNTEY From The Last 14 Days
Check below for free stories on UPS;FDX;TNTEY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 29, 2014
17:06 EDTUPSOn The Fly: Closing Wrap
Subscribe for More Information
15:53 EDTFDXFedEx pleads not guilty to unlawful drug shipping charges, Bloomberg says
FedEx entered a plea of not guilty to U.S. federal charges that it delivered controlled substances and misbranded drugs for illegal internet pharmacies, according to Bloomberg. FedEx may face a fine alleged to be at least $820M if found guilty, Bloomberg added. Reference Link
12:13 EDTUPSOn The Fly: Midday Wrap
Subscribe for More Information
09:58 EDTUPSUPS falls after earnings, levels to watch
Subscribe for More Information
09:19 EDTUPSUPS says expects 'very strong' peak season
UPS says "all options are on the table" going forward after it evaluates its peak season performance, including consideration of a surcharge during peak season.
09:17 EDTUPSOn The Fly: Pre-market Movers
Subscribe for More Information
09:01 EDTUPSUPS says treating 'Black Friday' as full operating day this year
Subscribe for More Information
07:51 EDTUPSSenate Commerce, Science & Transportation Committee holds a hearing
Subscribe for More Information
07:48 EDTUPSUPS reports Q2 Domestic revenue up 5.2%, International package up 6.2%
Subscribe for More Information
07:48 EDTUPSUPS cuts FY14 adjusted EPS view to $4.90-$5.00, consensus $5.09
Subscribe for More Information
07:46 EDTUPSUPS reports Q2 adjusted EPS $1.21, consensus $1.25
Reports Q2 revenue $14.27B, consensus $14.1B.
07:45 EDTUPSUPS reports Q2 adjusted EPS $1.21, consensus $1.25
Subscribe for More Information
July 28, 2014
15:47 EDTUPSNotable companies reporting before tomorrow's open
Subscribe for More Information
13:05 EDTUPSEarnings Preview: UPS shares near 52-week high ahead of Q2 report
United Parcel Service (UPS) is expected to report second quarter earnings on Tuesday, July 29, before the market open with a conference call scheduled for 8:30 am ET. UPS is a package delivery company and provider of global supply chain management solutions. EXPECTATIONS: Analysts are looking for earnings per share of $1.25 on revenue of $14.1B, according to First Call. The consensus range for EPS is $1.18-$1.28 on revenue of $13.91B-$14.29B. LAST QUARTER: UPS reported first quarter EPS of 98c against estimates for $1.08, on revenue of $13.78B against estimates for $13.91B. On its Q1 report, the company forecast FY14 EPS at the low end of the $5.05-$5.30 range, compared to consensus of $5.19. Kurt Kuehn, UPS CFO said, "During the quarter, the momentum of the underlying business was masked by the disruption of inclement weather. We are encouraged by the positive trends in our business and expect the remainder of the year to perform as we originally guided. However, due to the challenging start to 2014, we anticipate diluted earnings per share to be at the low end of our full-year guidance range of $5.05 to $5.30.Ē On its Q1 earnings conference call, management said it expects U.S. economic growth to pick up as 2014 progresses. They noted that the economy in Europe is showing signs of recovery and faster growth, though the pace may slow if situation in Ukraine deteriorates, while economic expansion in Asia has remained steady with mid-single digit growth. They expect FY14 CapEx of $2.5B with the pace of investments to accelerate during the year. They said emerging markets are the next step in the company's growth. On June 6, UPS named David Abney as its new CEO and appointed him to the board. STREET RESEARCH: Street research has been mixed in the weeks leading up to UPSís Q2 earnings report. This morning in a note to investors, Bernstein analyst David Vernon said he expects an in-line quarter at UPS with improvement in underlying domestic margins. Shares were rated Outperform. On July 21, Barclays reiterated its Overweight rating on UPS and raised its price target on shares to $120. The firm expects UPS' Q2 results to demonstrate the company's favorable growth potential. PRICE ACTION: UPS shares have traded modestly higher since Q1 results were released and approached their 52-week high of $105.37 earlier this month. The stock has gained over 17% over the past twelve months. In afternoon trading ahead of Tuesday's Q2 report, UPS shares are down almost 1.5%.
13:00 EDTUPSUPS technical commentary ahead of earnings
Subscribe for More Information
July 18, 2014
16:20 EDTFDXOn The Fly: Closing Wrap
Subscribe for More Information
11:35 EDTUPSUPS expands early morning delivery coverage
Subscribe for More Information
09:32 EDTFDXFedEx slips in early trading, levels to watch
Subscribe for More Information
06:33 EDTFDXFedEx says loss from DOJ suit 'could be material' if convicted
Subscribe for More Information
06:30 EDTFDXFedEx says innocent of charges brought by Justice Department
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use