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Stock Market & Financial Investment News

News Breaks
July 22, 2013
13:19 EDTUPSEarnings Preview: United Parcel Service sees Q2 EPS $1.13
United Parcel Service (UPS) is expected to report Q2 earnings on Tuesday, July 23 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 $1.13 on revenue of $13.59B, according to First Call. The consensus range for EPS is $1.12-$1.13 on revenue of $13.2B-$13.93B. LAST QUARTER: UPS reported Q1 adjusted EPS of $1.04 against estimates for $1.01 on revenue of $13.43B against estimates for $13.47B. On July 12, UPS lowered its FY13 EPS view to $4.65-$4.85 from $4.80-$5.06, consensus $4.98. Q2 EPS was forecast at $1.13, consensus $1.20. UPS said, "Overcapacity in the global air freight market, increasing customer preference for lower-yielding shipping solutions, and a slowing U.S. industrial economy drove revenue and operating profit below expectations. In addition, UPS experienced some slowing in package volume growth as a result of labor negotiations. We expect the second quarter market trends to persist and UPS is adapting to meet these conditions. Despite downward revisions to economic forecasts for the second half of the year, we anticipate solid profit growth. However, we are reducing guidance for 2013 adjusted diluted EPS to a range of $4.65 to $4.85, a 3%-7% increase over last year." STREET RESEARCH: Street research has been mixed in the weeks leading up to UPSí Q2 earnings report. On July 11, UPS was initiated with a Buy at Buckingham, price target $115. On July 15, three firms, BB&T, Raymond James, and JP Morgan all downgraded UPS citing the slower pace of earnings growth. PRICE ACTION: UPSí shares have gained approximately 3% since Q1 results were released in late April, and reached a 52-week high of $91.78 earlier this month. In early afternoon trading ahead of Tuesday's Q2 report, UPSí shares are down about 0.2%.
News For UPS From The Last 14 Days
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May 19, 2015
10:44 EDTUPSUPS to settle alleged civil false claims act violations for $25M
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07:22 EDTUPSUPS having success with pickup points, WSJ says
Driven by the increase in e-commerce deliveries, UPS (UPS) has been combatting failed deliveries by using package pickup points, called UPS Access Points, like local drug stores, reports the Wall Street Journal. As a result UPS, FedEx (FDX), and DHL are investing in new systems aimed at having e-commerce customers collect orders from these pickup points, the Journal adds. Reference Link
May 15, 2015
10:01 EDTUPSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
05:46 EDTUPSUPS upgraded to Buy from Neutral at Goldman
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May 14, 2015
13:28 EDTUPSIncreasing equity options volume
Increasing equity options volume: FCX UPS KSS CHK CSCO AVP YOKU CALM KORS
10:23 EDTUPSUPS May calls active
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May 12, 2015
08:27 EDTUPSU.S. Chamber of Commerce to hold a summit
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06:56 EDTUPSUPS management to meet with William Blair
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