UPS Profit Edges Up Despite A Surprise Drop in Revenue

Revenue declined by 0.4% year over year, to $14.24 from $14.29 for the 2014 third quarter. With the volume soaring to 3,485,806 shares, the last trade was called at $106.18.

Zacks Rank: now, United Parcel has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. Following the transaction, the senior vice president now directly owns 64,712 shares of the company’s stock, valued at $6,350,835.68.

United Parcel Service (UPS – Get Report) stock is down by 2.58% to $103.50 in pre-market trading on Tuesday, after the company reported its financial results for the third quarter of 2015. The 50-day moving average is $99.74 and the 200 day moving average is recorded at $99.45. The Zacks Consensus Estimate for 2015 now stands at $5.27 per share, well within the company’s guidance range. Last quarter’s net income was $1.23 billion. Last year, heavy spending to prepare for the season led to a drop in UPS’ quarterly profit.

Earlier this month, UPS announced a series of price increases that will take effect during the rest of the year, including higher surcharges for heavy or oversized packages. (NYSE:UPS): The stock price is expected to reach $ 107.5 in the short term. Oppenheimer reissued an “outperform” rating and set a $108.00 price target on shares of United Parcel Service in a research report on Wednesday, July 29th.

UPS completed the Coyote Logistics’ acquisition for $1.8 billion on August 18, funding the deal through its cash resources, and new debt arrangements.

While the latest increase will not affect the company’s revenues this quarter, it puts it in a strong position for the coming months. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The Company is a supplier of global supply chain management alternatives.

Planning for the holiday rush can be hard for the delivery companies. The Organization offers forwarding, distribution, transport, ground freight, ocean freight, air freight, brokerage and funding services. Its WorldShip is a desktop computer transportation program that delivers middle market and big customers with capacities that are shipping. UPS market transport lets marketplace sellers to send their orders via www.ups.com or WorldShip.