Company Update (NYSE:UPS): Mobile Matters More for High-Tech Online Shoppers, UPS Study Shows

[GlobeNewswire] – A strong majority of tech-savvy consumers use mobile devices to shop, purchase and track packages, a recent UPS Pulse of the High-Tech Online Shopper survey shows, and these customers demand a rich mobile … Read more on this. United Parcel Service, Inc. (UPS) , currently valued at $85.39B, began trading this morning at $95.91. During today’s session, UPS traded between $95.65 to $96.68 with its 52-week range being $87.30 to $107.32. United Parcel Service (UPS) shares are currently priced at 16.68x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 8.44x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.92 per share annually in dividends, yielding 3.10%. Consensus earnings for the current quarter by the 23 sell-side analysts covering the stock is an estimate of $1.22 per share, which would be $0.10 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $5.77, which would be a $0.34 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.62 Billion. If reported, that would be a 4.58% 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. The average price target for UPS shares is $106.62, which is 11.17% above where the stock opened this morning. See more in (NYSE:UPS) Similar Articles: Company Update (NYSE:UPS): Return To Sender: UPS Wraps Up Holiday Shipping Season With Easier Returns Company Update: United Parcel Service Inc (NYSE:UPS) – UPS Expands UPS Worldwide Express Service Stock Update: United Parcel Service Inc (NYSE:UPS) – The UPS Foundation Funds Critical UN Relief Shipments to Aid in Global Syrian Refugee Crisis