United Parcel Service, Inc. (NYSE:UPS) to Post Q3 2024 Earnings of $1.67 Per Share, Zacks Research Forecasts

United Parcel Service, Inc. (NYSE:UPS) – Equities researchers at Zacks Research dropped their Q3 2024 EPS estimates for shares of United Parcel Service in a note issued to investors on Tuesday, August 6th. Zacks Research analyst M. Basu now expects that the transportation company will post earnings of $1.67 per share for the quarter, down from their previous forecast of $1.98. The consensus estimate for United Parcel Service’s current full-year earnings is $7.64 per share. Zacks Research also issued estimates for United Parcel Service’s Q1 2025 earnings at $1.82 EPS, Q2 2025 earnings at $1.98 EPS, Q1 2026 earnings at $2.04 EPS, Q2 2026 earnings at $1.78 EPS and FY2026 earnings at $10.30 EPS.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $2.54 EPS.

A number of other research firms have also issued reports on UPS. Susquehanna reduced their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Wells Fargo & Company dropped their target price on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. BMO Capital Markets dropped their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Barclays cut their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, UBS Group cut their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.00.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $125.82 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service has a fifty-two week low of $123.12 and a fifty-two week high of $182.25. The firm has a 50-day simple moving average of $135.07 and a 200 day simple moving average of $143.45. The company has a market cap of $107.65 billion, a PE ratio of 18.23, a P/E/G ratio of 1.72 and a beta of 0.98.

Hedge Funds Weigh In On United Parcel Service

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Axxcess Wealth Management LLC lifted its holdings in United Parcel Service by 3.1% during the 2nd quarter. Axxcess Wealth Management LLC now owns 54,851 shares of the transportation company’s stock valued at $7,506,000 after purchasing an additional 1,657 shares during the last quarter. Alpha Financial Partners LLC lifted its holdings in United Parcel Service by 8.4% during the 2nd quarter. Alpha Financial Partners LLC now owns 2,039 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 158 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in United Parcel Service by 1,134.0% during the 2nd quarter. Edgestream Partners L.P. now owns 55,764 shares of the transportation company’s stock valued at $7,631,000 after purchasing an additional 51,245 shares during the last quarter. Excalibur Management Corp lifted its holdings in United Parcel Service by 5.3% during the 2nd quarter. Excalibur Management Corp now owns 12,826 shares of the transportation company’s stock valued at $1,755,000 after purchasing an additional 646 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in United Parcel Service by 6.1% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 14,349 shares of the transportation company’s stock valued at $1,964,000 after purchasing an additional 823 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be paid a $1.63 dividend. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 5.18%. United Parcel Service’s payout ratio is presently 94.49%.

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.