United Parcel Service (NYSE:UPS) Issues Earnings Results

United Parcel Service (NYSE:UPS) issued its quarterly earnings results on Tuesday. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20), RTT News reports. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the previous year, the business posted $2.54 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. United Parcel Service updated its FY 2024 guidance to EPS.

United Parcel Service Price Performance

Shares of NYSE:UPS traded up $2.42 during midday trading on Friday, reaching $129.50. 2,910,454 shares of the company’s stock were exchanged, compared to its average volume of 4,201,950. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.04 and a current ratio of 1.25. The company’s 50 day simple moving average is $138.05 and its two-hundred day simple moving average is $145.91. United Parcel Service has a 12 month low of $124.80 and a 12 month high of $189.65. The firm has a market capitalization of $110.80 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.03%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UPS. BMO Capital Markets reduced their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday. TD Cowen dropped their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Stifel Nicolaus decreased their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $154.95.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.