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Stock Market & Financial Investment News

News Breaks
January 30, 2013
12:39 EDTUPSEarnings Preview: United Parcel Service sees Q4 domestic volume up 3%
United Parcel Service (UPS) is expected to report Q4 earnings on Thursday, January 31 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 EPS of $1.38 on revenue of $14.43B, according to First Call. The consensus range for EPS is $1.30-$1.41 on revenue of $14.12B-$15.43B... LAST QUARTER: UPS reported Q3 adjusted EPS of $1.06 against estimates for $1.06 on revenue of $13.07B against estimates for $13.3B. On its Q3 earnings report, the company guided FY12 EPS to $4.55-$4.65, consensus $4.56. Management forecast a 3% rise in domestic volume in Q4 with a "slight improvement" in international volume. Holiday shipping was seen rising 10% over last year’s level, with 527M packages delivered between Thanksgiving and Christmas. On January 14, UPS abandoned its bid for Dutch delivery company TNT Express because the E.U. decided to block the deal over competition fears... STREET RESEARCH: Street research has been overwhelmingly positive in the weeks leading up to UPS’s Q4 earnings report. The stock was upgraded on January 14 and 24 by Avondale and BofA/Merrill, respectively. J.P. Morgan, Sterne Agee, and Atlantic Equities all had positive comments on UPS during the recent quarter... PRICE ACTION: UPS shares have rallied approximately 13% since Q3 results were released in late October, making a fresh 52-week high of $82.76 earlier this month. Since making a 52-week low of $69.56 in mid-November, the stock is up about 17%. In early afternoon trading ahead of Thursday's Q4 report, UPS shares are down almost 1%.
News For UPS From The Last 14 Days
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December 18, 2014
07:07 EDTUPSUPS agrees to terms with ORTIE to acquire Poltraf, terms not disclosed
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December 17, 2014
11:37 EDTUPSFedEx falls after Q2 results, FY15 EPS outlook miss analysts' estimates
Shares of package delivery company FedEx (FDX) are sinking after the company's second quarter results and fiscal year 2015 profit outlook missed analysts' consensus estimates. WHAT'S NEW: This morning, FedEx reported Q2 EPS of $2.14 and revenue of $11.9B, trailing analysts' consensus estimates of $2.22 and $11.98B, respectively. Share repurchases benefited Q2 earnings by 16c per share, FedEx said. The company reported Q2 operating income of $1.01B, up 22% from $827M last year, and operating margin of 8.5%, up from 7.3% a year ago. FedEx said that operating income and margin increased primarily due to higher volumes and base yields in all three transportation segments. Results for the quarter also included benefits from the company's profit improvement programs, lower pension expense and a slightly positive net impact from fuel, and FedEx said these benefits were partially offset by higher aircraft maintenance expense due to the timing of aircraft maintenance events. FedEx said Express revenue increased 7% from a year ago to $7.02B, Ground revenue increased 8% from a year ago to $3.06B and Freight revenue up 11% from last year to $1.59B. Looking ahead, FedEx reaffirmed its FY15 EPS view of $8.50-$9.00, trailing analysts' estimates of $9.12. The company's outlook assumes continued moderate economic growth and a modest net benefit from fuel. The capital spending forecast for FY15 remains $4.2B. WHAT'S NOTABLE: On its earnings conference call, FedEx lowered its 2015 global economic growth view to 3% from 3.1%, but said it still sees U.S. GDP growth of 3.1% in 2015. The company said some customer volume was limited during the West Coast port slowdown, and that it is a "bigger deal than people think." FedEx said fuel surcharge tables will be reviewed in February 2015, and that the company still intends to repurchase shares, but possibly at a slower pace. PRICE ACTION: In late morning trading, FedEx fell $8.74, or about 5%, to $165.52 on more than twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 19% over the past 12 months. OTHERS TO WATCH: FedEx’s main competitor, United Parcel Service (UPS), is down about 2.4% on the session.
December 15, 2014
10:00 EDTUPSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
06:04 EDTUPSUPS downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded UPS to Hold with a $116 price target citing a more balanced risk/reward profile following the recent rally in shares. The stock is up 12% over the past three months. Shares of the shipping giant closed Friday down 63c to $110.
December 11, 2014
10:13 EDTUPSOn The Fly: Analyst Initiation Summary
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09:03 EDTUPSUPS management to meet with UBS
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06:18 EDTUPSUPS initiated with a Neutral at UBS
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December 10, 2014
08:14 EDTUPSUPS management to meet with UBS
Meeting to be held in Seoul, South Korea on December 10 hosted by UBS.
December 9, 2014
07:46 EDTUPSUPS management to meet with UBS
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December 8, 2014
08:11 EDTUPSUPS management to meet with UBS
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