NEW YORK (TheStreet) -- United Parcel Service Inc. (UPS) issued its full year 2015 earnings per share guidance this afternoon, and the package delivery company is expecting earnings for fiscal 2015 to be in a range between $5.45 and $5.70, Reuters reports.
UPS' chief financial officer made the earnings guidance announcement at the company's investor conference in New York City.
So far, analysts have forecast for earnings per share of $5.71 for fiscal 2015, Reuters added.
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Additionally, the company announced it will return $30 billion to shareholders over the next five years. UPS also said that it is expecting a 9% to 13% growth in earning per share from 2015 to 2019, Reuters noted.
Shares of UPS closed lower by 0.15% to $107.79 on heavy trading volume today.
Separately, TheStreet Ratings team rates UNITED PARCEL SERVICE INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate UNITED PARCEL SERVICE INC (UPS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins."