United Parcel Service (NYSE:UPS – Get Free Report) 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
View Our Latest Stock Report on United Parcel Service
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.
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