Chart of Day: Revisiting UPS (UPS) – 10/25

On October 10, we noted, “Keep an eye on UPS. After pulling back from about $137 to $130.96, it appears to have caught strong support. Plus, as noted by analysts at Citi, the dip is a buy opportunity. With a yield of about 5% and the holidays just around the corner, UPS could see a good deal of upside from its current price of $130.96.”

From $130.96, UPS is now up to $141.95 on earnings. EPS of $1.76 beat by 14 cents. Revenue of $22.2 billion, up 5.4% year over year, beat by $70 million.

ups

“After a challenging 18-month period, our company returned to revenue and profit growth,” said Carol Tomé, UPS chief executive officer. “Peak season is nearly upon us, and we are ready to deliver another successful holiday season and continue the progress we demonstrated in the third quarter.”

Moving forward, the company does expect full-year consolidated revenue to be about $91.1 billion, as compared to estimates of $91.9 billion It also said it sees dividend payments of around $4 billion for the year, subject to board approval.

Get FREE Daily Stock Tips

Join and receive market insider stock picks, trade alerts and unique investing insights
This field is for validation purposes and should be left unchanged.
By clicking the "Subscribe" button you are accepting our Terms of Use and Privacy Policy.

Join Waitlist

We’re sorry, but due to the popularity of our services, we have reached our max number of subscribers and are not currently accepting more. If spots become available, we will be sure to contact you. Please join the waitlist below.
Thank You!

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.