UPS - United Parcel Service, Inc.
| Previous Close | 116.10 |
| Open | 115.40 |
| Bid | 115.05 x 1300 |
| Ask | 115.05 x 900 |
| Day's Range | 114.66 - 116.07 |
| 52 Week Range | 89.89 - 123.63 |
| Volume | 3,504,724 |
| Avg. Volume | 3,413,420 |
| Market Cap | 98.88B |
| Beta (3Y Monthly) | 1.44 |
| PE Ratio (TTM) | 20.03 |
| EPS (TTM) | 5.75 |
| Earnings Date | Oct 22, 2019 |
| Forward Dividend & Yield | 3.84 (3.31%) |
| Ex-Dividend Date | 2019-08-16 |
| 1y Target Est | 124.17 |
- Thomson Reuters StreetEvents
Edited Transcript of UPS earnings conference call or presentation 22-Oct-19 12:30pm GMT
Q3 2019 United Parcel Service Inc Earnings Call
- Benzinga
Workhorse Group Forms Joint Venture To Advance Truck-Based Drone Business
Electric truck maker Workhorse Inc. (NASDAQ: WKHS) is selling its Surefly flying car project to aerospace and defense contractor Moog Inc. (NYSE: Moog.A) for $4 million and forming a joint venture with Moog to boost its truck-based drone delivery efforts. Workhorse had been trying to sell the Surefly vertical-lift copter assets to raise money to build its lightweight NGEN electric-powered step vans. Workhorse has about 1,100 pending orders for the step vans, the largest from United Parcel Service Inc.(UPS), according to CEO Duane Hughes.
- Benzinga
Amazon Expands Its In-Store Pickup Service Counter, Adds GNC, Health Mart And Stage Stores
E-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) is expanding its in-store pickup service Counter, announcing on October 23 that it is partnering with GNC Holdings Inc (NYSE: GNC), Health Mart and Stage Stores Inc (NYSE: SSI). This move will allow consumers access to thousands more Counter locations and comes just months after the online retailer announced its in-store pickup service in 100 Rite Aid Corporation (NYSE: RAD) locations in the U.S.
- American City Business Journals
UPS' new 'drone airline' subsidiary flies forward with first big-name customers
UPS said it's built on the company's industry-first, hospital network-focused drone delivery program by signing new customers.
- Zacks
Transport ETFs Rally on Solid Start to Earnings Season
The transportation ETFs have been off to a strong start this earnings season.
- American City Business Journals
UPS teams with CVS to deliver prescriptions by drone
UPS is teaming with CVS Health on a program that will deliver prescriptions and retail products to customers’ homes, the company announced. The logistics company plans to expand its drone subsidiary UPS Flight Forward nationally and partner with several new healthcare and hospital network customers, including the retail pharmacy giant. In addition to CVS, UPS (NYSE: UPS) also will work with AmerisourceBergen (NYSE: ABC) to transport medication, supplies and records to medical campuses across the United States served by the wholesale pharmaceutical distributor and will develop drone delivery services on the hospital campuses of health care provider Kaiser Permanente.
- Bloomberg
Caterpillar Shows Worry's Role in Recession
(Bloomberg Opinion) -- Caterpillar Inc.’s results show how worry itself can bring on a recession. The industrial bellwether reported its first quarterly earnings decline in nearly three years on Wednesday and cut its full-year profit guidance. It had warned in July that earnings per share were likely to come in at the low end of its previous range, but that was based on an expectation for modest sales growth that seemed overly optimistic. Instead, third-quarter revenue declined in all of Caterpillar’s major business units, including the mining-equipment division that had been a rare bright spot this year amid weakness in its construction machinery operations. The slowdown in shale production as producers prioritize shareholder returns and cost control continued to weigh on sales of fracking pumps. But more than a reflection on any one of those particular markets, this was a macroeconomic story, and a poor one at that. Caterpillar blamed its slumping sales and earnings on customers holding off on equipment purchases. With the trade war, Brexit and increased signs of manufacturing malaise, no one wants to get stuck with a glut of expensive machinery that they can’t sell. So inventories shrank by about $400 million in the third quarter as dealers sold off stockpiles of equipment, rather than replenishing them. Industrial companies ranging from CSX Corp. to United Parcel Service Inc. have offered similar warnings about the extent to which uncertainty is weighing on their businesses, even as parts of the economy remain relatively healthy. This adds to evidence that a trade war resolution may still be able to pull the manufacturing sector back from the brink. Achieving that is, of course, easier said than done. For now, you’d be hard-pressed to find much news worth celebrating in Caterpillar’s release. The order backlog continued to shrink. Sales for the construction business in Asia declined a whopping 29%, suggesting the competitive pricing that’s eroding Caterpillar’s market share in the area hasn’t abated. At least in the short term, Caterpillar isn’t counting on a turnaround: It expects dealers to continue to wind down their inventory in the fourth quarter amid “global economic uncertainty” and flat demand from the end users of its equipment. In its news release, Caterpillar raised the prospect of curbing production and reducing costs if the weakness persists, which likely indicates job cuts. Such cutbacks, while necessary to respond to declining demand, may only lead to more economic weakness. As has been common this industrial earnings season, investors seemed content to take their hits and keep on chugging along, hoping the worst will soon be behind them. After dipping as much as 7.7% on the 6:30 a.m. earnings release, Caterpillar was actually up slightly by 8 a.m. But such broad-based weakness at Caterpillar should be a reminder that all is not well in the global economy.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- American City Business Journals
Tesla Motors considers Atlanta for new office that could add hundreds of jobs
Tesla Motors Inc. is considering a new regional office in Atlanta that could bring several hundred jobs to the city. Tesla, the electric vehicle maker based in Palo Alto, Calif., has a large office near its factory in Fremont and one east of Reno, Nevada where another massive factory is being developed in multiple phases. Tesla does not have major corporate offices elsewhere in the United States.
- Benzinga
PreMarket Prep: A Biotech Surprise, Stamps Shorts Take A Licking, Debating McDonald's Earnings Move
The top story: Biogen (NASDAQ: BIIB) pulled a fast one on investors who threw in the towel on the company based on the March news that it had discontinued trials for its Alzheimer's drug aducanumab. Before the open, Biogen announced a third-quarter EPS and sales beat — and its plans for a regulatory filing for aducanumab following new analysis. Since the issue has had several whipsaws off the news regarding this drug, the PreMarket Prep co-hosts viewed the spike as a selling opportunity for a few different reasons.
- Market Realist
UPS Beats Q3 Earnings Estimate, Stock Falls on Revenue Miss
United Parcel Service (UPS) reported impressive Q3 earnings results this morning. But the stock was down today. Here's why.
- Yahoo Finance
UPS CEO: 'We have a mutually beneficial relationship' with Amazon
Amazon and UPS are competitors and business partners. How does that work?
- Benzinga
Barber's Retirement Overshadows UPS Third-Quarter Results
UPS Inc. (NYSE: UPS) beat analysts' bottom-line expectations in the third quarter, though revenue came in a little light compared to what analysts had forecast. Barber, 59, is a 34-year UPS employee.
- Benzinga
Stamps.com Option Traders Hit The Jackpot On UPS News
Stamps.com Inc. (NASDAQ: STMP ) shares jumped higher by more than 22% on Tuesday after the company announced a new partnership with United Parcel Service, Inc. (NYSE: UPS ). As part of the new partnership, ...
- Zacks
UPS Q3 Earnings Top, Rise Y/Y on Higher Domestic Volumes
Strong performance of the U.S. Domestic Package segment aids UPS' Q3 results. However, trade-related uncertainty affects Supply Chain and Freight revenues.
- Benzinga
UPS Expands Drone, Other Operations For Healthcare Companies; Broadens E-Commerce Reach For Smaller Businesses
The Atlanta-based company said it has inked agreements with retail pharmacy giant CVS Health (NYSE: CVS) to deliver products such as prescriptions by drone. It will also work with drug wholesaler AmerisourceBergen (NYSE: ABC) to deliver specific drugs, supplies and medical records to medical campuses served by the healthcare concern.
- Yahoo Finance
Hasbro, UPS, WeWork, SiriusXM, Disney: Companies to Watch
Hasbro, UPS, WeWork, SiriusXM and Disney are the companies to watch.
- American City Business Journals
UPS COO set to retire, no succession plan announced
A UPS executive once rumored to be in line to run the Atlanta-based logistics giant announced he will retire at the end of this year.
- Bloomberg
For UPS, Being Better Than FedEx Isn’t Enough
(Bloomberg Opinion) -- United Parcel Service Inc. is offering everything to investors that FedEx Corp. isn’t, and that’s still seemingly not enough.The package-delivery company on Tuesday reported better-than-expected third-quarter earnings and maintained its full-year profit outlook. That’s a sharp contrast to FedEx’s bruising guidance cut just over a month ago, which the company blamed on a weakening global economy, and analysts blamed on idiosyncratic foot faults. UPS is trimming its capital expenditure budget by $500 million this year and next year, which will help boost its 2019 free cash flow to more than $4 billion. FedEx, meanwhile, is on track to burn cash in fiscal 2020 and Moody’s Investors Service Inc. recently lowered its outlook for the company’s credit rating. Management’s decision to nevertheless leave its $5.9 billion spending budget intact has left investors scratching their heads — particularly because the billions it has spent so far don’t appear to be yielding results.UPS on Tuesday reported another quarterly improvement in its adjusted operating margin, a sign that its own push to invest in newer planes and automated systems is paying off as it manages a deluge of less profitable e-commerce shipments. And yet, the stock fell more than 4% in early trading. The problem is, as much as UPS is widening the execution gap between itself and FedEx, it can’t escape the weakening macroeconomic backdrop.Revenue in the third quarter was marginally weaker than analysts had been expecting, and UPS warned that its profit guidance was contingent on “no further deterioration” in global trade uncertainty or U.S. industrial weakness. No one really knows what’s going to happen with trade relations. President Donald Trump signaled this week that negotiations over a partial deal with China are progressing and could lead to a signed agreement by November, but there’s little indication that the existing tariffs will be rolled back. I, for one, wouldn’t be willing to bet against a further slowdown in manufacturing, given declining shipment volumes at the railroads in the third quarter and decelerating sales growth at the likes of industrial distributor Fastenal Co.Drilling down into UPS’s results, there’s a variety of other nitpick items that take on more importance in a weaker economy. For example, while unit costs improved by 2.5% on an adjusted basis in the U.S. domestic division, the average amount of revenue UPS collected per package in that business declined by about 1%. The third quarter brought a surge in volumes, with FedEx’s decision to stop carrying packages for Amazon.com Inc. in the U.S. likely driving more of the e-commerce giant’s packages to UPS. A weakening yield will raise questions about how profitable that business can ultimately be for UPS, and whether it made the right decision by sticking with a customer that’s also increasingly a competitor.Adding to the jitters, UPS also announced on Tuesday that Jim Barber, chief operating officer and the heir apparent to CEO David Abney, was stepping down. Barber’s departure is a surprise, and it’s always going to raise eyebrows when a leadership change is announced without the simultaneous appointment of a successor. That being said, Abney has made an effort to shake up UPS’s staid culture by bringing in more executives from the outside. Earlier this year, UPS hired a PepsiCo Inc. executive, Brian Newman, to be its chief financial officer. Abney hired his chief transformation officer from Walmart Inc., his chief marketing officer from Xerox Corp. and his supply-chain solutions leader from logistics company DB Schenker. So the departure of Barber, a nearly 35-year veteran, would seem to be setting up an appointment in a similar vein. Grooming an outsider to succeed Abney would further differentiate UPS from FedEx, which is still run by founder Fred Smith and whose top executives have all been there for decades and act like it.UPS is moving in the right direction, even if the economy isn’t.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Bloomberg
Stamps.com Soars as UPS Deal a ‘Step in the Right Direction’
(Bloomberg) -- Stamps.com Inc. shares rallied Tuesday after United Parcel Service Inc. announced a pact to offer discounted shipping rates to the company’s customer base of more than 740,000.“We long mentioned a new partnership was needed to help lift shares and believe the UPS collaboration is a step in the right direction,” wrote Darren Aftahi, an analyst at Roth Capital Partners.Rates are expected to be as much as 55% below daily rates, including surcharge waivers, he said. The deal should aid Stamps.com volume and margins and add upside to fourth quarter and fiscal 2020 forecasts, Aftahi said, even as the rates are still unlikely to be below legacy United States Postal Service rates.The UPS collaboration marks the first partner Stamps.com has signed since ending its relationship with the USPS in February -- a move that sent the stock tumbling 58%. Less than three months later, Stamps.com cut its year forecasts, sinking the shares another 56%.Shares of Stamps.com rose as much as 24% to $94.49, the highest intraday level since March 6, paring their year-to-date decline to 41%.The pact could be the catalyst necessary to reverse the trend in shares year to date, Aftahi said. He boosted his price target to $85 from $52. His rating remains neutral.(Updates first and fifth graph, and the chart.)To contact the reporter on this story: Janet Freund in New York at jfreund11@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Will Daley, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
United Parcel Service (UPS) Beats on Q3 Earnings
UPS keeps its 2019 earnings per share projection unchanged.
- Benzinga
UPS Trades Lower On Mixed Q3 Earnings
United Parcel Service (NYSE: UPS ) reported third-quarter earnings of $2.07 per share, which beat the analyst consensus estimate of $2.06 by 0.49%. This is a 13.74% increase over earnings of $1.82 per ...
- MarketWatch
UPS stock falls after profit beats, but revenue comes up shy
Shares of United Parcel Service Inc. turned down 1.8% in premarket trading Tuesday, after the package delivery giant reported a third-quarter profit that rose above expectations, but revenue came up a bit shy. Net income increased to $1.75 billion, or $2.01 a share, from $1.51 billion, or $1.73 a share, in the year-ago period. Excluding non-recurring items, adjusted EPS came to $2.07, above the FactSet consensus of $2.06. Revenue grew to $18.32 billion from $17.44 billion, just below the FactSet consensus of $18.35 billion. Domestic revenue rose to $11.46 billion from $11.44 billion to beat the FactSet consensus of $11.30 billion, while international revenue edged up to $3.49 billion from $3.48 billion but missed expectations of $3.54 billion. UPS affirmed its 2019 adjusted EPS guidance range of $7.45 to $7.75. The stock has run up 14.0% over the past three months, while the Dow Jones Transportation Average has inched up 0.3% and the Dow Jones Industrial Average has slipped 1.3%.
- Reuters
UPDATE 5-UPS COO's retirement eclipses e-commerce gains
United Parcel Service Inc's e-commerce fueled quarterly profit beat on Tuesday was overshadowed by news that Jim Barber, widely viewed as the world's biggest parcel delivery firm's next leader, would retire at year-end. Barber's retirement comes just months after similar news from Chief Financial Officer Richard Peretz, ushering in big changes to the UPS C-suite at a time when cooling economies in Asia and Europe threaten global growth. Succession planning is something we constantly focus on," Chief Executive David Abney said on a conference call with analysts.
