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FDX

FedEx

$196.18

1.05 (0.54%)

, UPS

UPS

$114.25

0.65 (0.57%)

12:32
04/24/19
04/24
12:32
04/24/19
12:32

Fly Intel: What to watch in UPS earnings report

UPS (UPS) is scheduled to report results of its fiscal first quarter before the market open on Thursday, April 25, with a conference call scheduled for 8:30 am ET. What to watch for: 1. GUIDANCE: When UPS reported its fourth quarter results on January 30, 2018, the company provided fiscal 2019 adjusted earnings per share guidance of $7.45-$7.75 against analyst estimates of $7.73, at that time. On March 5, UPS gave updated guidance for Q1 and FY19 in slides presented at the Raymond James Institutional Investors Conference. The company said it sees Q1 adjusted EPS around $1.41, against analyst expectations of $1.41. UPS also affirmed its FY19 adjusted EPS view of $7.45-$7.75. Current FY19 analyst estimates sit at $7.53. UPS also noted that is sees FY19 adjusted free cash flow of $3.5B-$4B, with potential upside from working capital initiatives and sees FY19 operating profits growing in the low teens with all three segments up double digits. 2. FEDEX RESULTS: On March 19, FedEx (FDX) reported Q3 adjusted EPS of $3.03 and revenue of $17B against analyst expectations of $3.11 and $17.67B, respectively. FedEx also reported Q3 adjusted operating margin of 5.8%, flat when compared to last year. Additionally, FedEx cut its FY19 EPS view again to $15.10-$15.90 from $15.50-$16.50, against analyst expectations of $15.97, at that time. 3. BERENBERG UPGRADE OF UPS TO BUY: Berenberg analyst Joel Spungin upgraded UPS to Buy from Hold with a $130 price target. Following an in-depth review of European parcel markets, the analyst said he was increasingly confident that UPS will deliver margin improvement in both its International business and the U.S. this year. Its cash conversion remains strong and free cash flow guidance "looks too conservative," Spungin wrote in a research note. He said UPS has built a strong presence in European business-to-business delivery.

FDX

FedEx

$196.18

1.05 (0.54%)

UPS

UPS

$114.25

0.65 (0.57%)

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FDX FedEx
$196.18

1.05 (0.54%)

03/28/19
SUSQ
03/28/19
DOWNGRADE
SUSQ
Neutral
FedEx downgraded to Neutral from Positive at Susquehanna
03/28/19
03/28/19
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. FedEx (FDX) downgraded to Neutral from Positive at Susquehanna. 2. Kinder Morgan (KMI) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Michael Lapides citing the stock's outperformance for the removal and valuation for keeping his Buy rating. 3. RYB Education (RYB) downgraded to Hold from Buy at Jefferies with analyst Johnny Kin Man Wong saying the company's new diversification strategies, which likely beneficial in the longer term, will drag down margins in the short-term. 4. Guangshen Railway (GSH) downgraded to Sell from Buy at Citi. 5. Quantenna Communications (QTNA) downgraded to Neutral from Buy at Dougherty and Roth Capital, to Equal Weight at Morgan Stanley, as well as to Hold from Buy at Stifel and Needham. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/01/19
BREN
04/01/19
DOWNGRADE
BREN
Hold
FedEx downgraded to Hold from Buy at Berenberg
Berenberg analyst Joel Spungin downgraded FedEx (FDX) to Hold from Buy. The analyst's in-depth review of European parcel markets suggests FedEx's integration of TNT "has some way to go." Further, the company is exposed to some "lower-growth, more economically sensitive segments of the market than peers," Spungin tells investors in a research note. He believes a slowdown in international markets, "indigestion" from the TNT acquisition and higher costs in Ground mean FedEx's margin improvement "will take longer to come through." The analyst this morning also upgraded UPS (UPS) to Buy from Hold.
04/01/19
04/01/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. FedEx (FDX) downgraded to Hold from Buy at Berenberg with analyst Joel Spungin saying his in-depth review of European parcel markets suggests FedEx's integration of TNT "has some way to go." 2. Wells Fargo (WFC) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Brian Kleinhanzl saying "it's tough to sail a ship without a captain." 3. comScore (SCOR) downgraded to Perform from Outperform at Oppenheimer and to Hold from Buy at Loop Capital and SunTrust. 4. Kinder Morgan (KMI) and Oneok (OKE) downgraded to Hold from Buy at Jefferies. 5. Lennar (LEN) downgraded to Outperform from Strong Buy at Raymond James with analyst Buck Horne saying he remains constructive on Lennar's overall outlook, but is moderating his rating citing valuation following last weeks Q1 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
UPS UPS
$114.25

0.65 (0.57%)

03/21/19
WELS
03/21/19
NO CHANGE
Target $220
WELS
Outperform
FedEx price target lowered to $220 from $285 at Wells Fargo
Wells Fargo analyst Casey Deak lowered her price target for FedEx (FDX) to $220 from $285 after the company reported "disappointing" Q3 results and a reduction in fiscal year guidance. Looking forward, the analyst sees continued stress on global airfreight and customer movement toward deferred services constraining margins. However, given the recent pressure on the shares and the growing market share in international markets, she believes the shares to be undervalued at this point of the cycle and expects the market to reflect a closer parity to UPS (UPS) multiples going forward. The analyst reiterates an Outperform rating on FedEx shares.
04/01/19
BREN
04/01/19
UPGRADE
Target $130
BREN
Buy
UPS upgraded to Buy from Hold at Berenberg
Berenberg analyst Joel Spungin upgraded UPS to Buy from Hold with a $130 price target. Following an in-depth review of European parcel markets, the analyst is increasingly confident that UPS will deliver margin improvement in both its International business and the U.S. this year. Its cash conversion remains strong and free cash flow guidance "looks too conservative," Spungin tells investors in a research note. He says UPS has built a strong presence in European business-to-business delivery.
04/01/19
04/01/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. UPS (UPS) upgraded to Buy from Hold at Berenberg with analyst Joel Spungin saying he is increasingly confident that UPS will deliver margin improvement in both its International business and the U.S. this year, following an in-depth review of European parcel markets. 2. AstraZeneca (AZN) upgraded to Outperform from Market Perform at Cowen with analyst Steve Scala saying the 5% stock decline on news of the company's partnership with Daiichi Sankyo for trastuzumab deruxtecan, which he calls a "promising" breast cancer drug, offers a compelling entry point. 3. Energizer (ENR) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Jason English saying he sees a credible path to top-tier EBIT, EBITDA and EPS growth over the next three years "fueled almost entirely" by debt-reduction and synergies from its recently completed deals for the Global Battery & Lighting business and Global Auto Care business of Spectrum Brands (SPB). 4. Anadarko (APC) resumed with a Buy from Neutral at Citi with analyst Robert Morris citing the stock's underperformance over the past three months and the company's recent success in the Delaware Basin for the upgrade. 5. F5 Networks (FFIV) upgraded to Buy from Neutral at Nomura Instinet with analyst Jeffrey Kvaal saying "long an out-of-favor name," F5 shares are now ~25% below their 2018 peak following the acquisition of Nginx. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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