UPS shares sink as severe weather hurts first-quarter profit [Toronto Globe and Mail (Ontario, Canada)]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: Toronto Globe and Mail
UPS shares sink as severe weather hurts first-quarter profit United Parcel Service Inc said it saw signs of softening in the U.S. economy and issued a disappointing second-quarter profit forecast, sending shares down 7 per cent even as it promised a strong end to the year. First-quarter results at UPS were slammed by severe winter weather in the U.S. Northeast and Midwest, but executives said cost cuts and a multibillion-dollar network revamp to improve efficiency would help the company meet its 219 profit target with a strong second half. Still, analysts said it would be difficult for the company to hit its reiterated 219 earnings forecast of $7.45 to $7.75 per share, after first-quarter earnings fell short of Wall Street’s target and UPS forecast flat profit for the second quarter. Story continues below advertisement “It implies a heroic ramp” up from an expected 5 per cent year-over-year decline in earnings per share in the first half to a rise of 1 to 18 per cent in the second hal
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UPS
News
- United Parcel Service: Logistics Leader Still In The Bargain Bin [Seeking Alpha]Seeking Alpha
- United Parcel Service, Inc. (NYSE: UPS) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating. They now have a $170.00 price target on the stock.MarketBeat
- United Parcel Service: I See Persisting Profit Pressure Ahead [Seeking Alpha]Seeking Alpha
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at Bank of America Co. from $157.00 to $160.00. They now have a "neutral" rating on the stock.MarketBeat
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at BMO Capital Markets from $165.00 to $169.00. They now have a "market perform" rating on the stock.MarketBeat
UPS
Earnings
- 4/23/24 - Beat
UPS
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form PX14A6G
- 3/27/24 - Form 4
- UPS's page on the SEC website