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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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August 27, 2015
16:41 EDTUPSUPS, Cargojet enter long-term air cargo services agreement
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August 20, 2015
17:52 EDTUPSUPS pilots President issues statement on FedEx/ALPA tentative agreement
The following statement is from Captain Robert Travis, President of the Independent Pilots Association regarding the tentative pilot labor agreement between FedEx (FDX) and ALPA: "We congratulate our pilot peers and FedEx on reaching a new tentative collective bargaining agreement. While we have not seen the details, the IPA will refrain from commenting on the merits of the tentative agreement until the ALPA ratification process has been completed. If approved, however, the FedEx pilot contract will bring labor peace to our largest competitor. In sharp contrast, UPS (UPS) management has created a bitter standoff with its pilot employees, unnecessarily dragging out contract talks for four years. UPS must not allow itself to be left behind by FedEx. The IPA calls on UPS management to work with its pilots to expeditiously achieve an agreement."
08:18 EDTUPSUPS management to meet with UBS
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August 18, 2015
14:01 EDTUPSUPS completes Coyote Logistics acquisition
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06:39 EDTUPSUSPS boosts same-day delivery to compete with FedEx, UPS, Amazon, WSJ says
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August 14, 2015
10:50 EDTUPSCiti says FedEx outlook still positive despite headwinds
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08:14 EDTUPSFedEx multiple remains well below UPS, says Citi
Citi analyst Christian Wetherbee lists reasons to buy shares of FedEx (FDX) in a note to investors this morning. The stock's multiple remains "compelling" and well below peer UPS (UPS), while the shipping giant is highly levered to e-commerce growth, Wetherbee writes. The analyst keeps a Buy rating on FedEx with a $205 price target.

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