Ultrapar Participações (UGP) Expected to Announce Earnings on Wednesday

Ultrapar Participações (NYSE:UGP) is anticipated to issue its quarterly earnings data on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $5.81 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Ultrapar Participações Stock Performance

NYSE:UGP opened at $2.87 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. Ultrapar Participações has a 12-month low of $2.53 and a 12-month high of $6.34. The stock has a 50-day moving average price of $2.75 and a 200 day moving average price of $3.39. The stock has a market capitalization of $3.20 billion, a P/E ratio of 6.23, a P/E/G ratio of 2.39 and a beta of 1.52.

Wall Street Analyst Weigh In

Several research firms have weighed in on UGP. StockNews.com cut Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. upgraded Ultrapar Participações from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Scotiabank upgraded Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. The Goldman Sachs Group upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating and cut their price target for the company from $4.10 to $3.20 in a report on Friday, January 31st. Finally, Hsbc Global Res upgraded Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ultrapar Participações has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.

Ultrapar Participações Company Profile

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.