Company Update (NYSE:UPS): Return To Sender: UPS Wraps Up Holiday Shipping Season With Easier Returns

[GlobeNewswire] – Record number of returned packages expected on January 6 UPS survey shows returns experiences influence consumer purchase decisions Easier holiday returns at local UPS Access Point™ locations. Wrong size, … Read more on this. United Parcel Service, Inc. (UPS) , with a current market cap of $86.84B, opened this morning at $97.31. A quick look at the market, the company’s stock traded between $97.16 and $97.86 with a one year range of $93.64 to $114.40. UPS shares are currently priced at 18.40x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.80x earnings multiple for the same period. And for income investors, the company pays shareholders $2.92 per share annually in dividends, yielding 2.98%. Consensus earnings for the current quarter by the 25 sell-side analysts covering the stock is an estimate of $1.42 per share, which would be $0.17 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $5.29 which would be a $0.54 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $16.29 Billion. If reported, that would be a 2.45% increase over the year-ago quarter. Recently, Goldman upgraded UPS from Neutral to Buy (May 15, 2015). Previously, BofA/Merrill upgraded UPS from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $109.55, which is 12.58% above where the stock opened this morning. See more in (NYSE:UPS) Similar Articles: Company Update: United Parcel Service Inc (NYSE:UPS) – UPS Expands UPS Worldwide Express Service Stock Update (NYSE:UPS): The UPS Foundation funds critical UN relief shipments to aid in global Syrian refugee crisis Stock Update: United Parcel Service Inc (NYSE:UPS) – The UPS Foundation Funds Critical UN Relief Shipments to Aid in Global Syrian Refugee Crisis