United Parcel Service, Inc. (NYSE:UPS - Free Report) - Equities researchers at Zacks Research lifted their Q3 2024 earnings per share estimates for shares of United Parcel Service in a report issued on Monday, October 14th. Zacks Research analyst M. Basu now expects that the transportation company will earn $1.69 per share for the quarter, up from their prior estimate of $1.67. The consensus estimate for United Parcel Service's current full-year earnings is $7.43 per share. Zacks Research also issued estimates for United Parcel Service's Q4 2024 earnings at $2.50 EPS, FY2024 earnings at $7.41 EPS, Q1 2025 earnings at $1.83 EPS, Q3 2025 earnings at $1.67 EPS, Q4 2025 earnings at $3.17 EPS, FY2025 earnings at $8.65 EPS, Q1 2026 earnings at $2.04 EPS, Q2 2026 earnings at $1.79 EPS, Q3 2026 earnings at $2.73 EPS and FY2026 earnings at $10.33 EPS.
United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion during 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 company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.54 earnings per share.
Several other research firms have also recently weighed in on UPS. Robert W. Baird lowered their price target on United Parcel Service from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus dropped their target price on shares of United Parcel Service from $170.00 to $151.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets lowered their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 24th. Oppenheimer cut their target price on shares of United Parcel Service from $157.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, July 24th. Finally, Bank of America lowered their price target on United Parcel Service from $160.00 to $158.00 and set a "neutral" rating on the stock in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of "Moderate Buy" and an average price target of $151.24.
View Our Latest Analysis on United Parcel Service
United Parcel Service Price Performance
Shares of UPS stock traded up $2.08 on Wednesday, reaching $135.88. The company's stock had a trading volume of 4,056,432 shares, compared to its average volume of 4,193,540. United Parcel Service has a 12-month low of $123.12 and a 12-month high of $163.82. The stock's 50 day simple moving average is $129.82 and its 200-day simple moving average is $136.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $116.39 billion, a P/E ratio of 22.17, a PEG ratio of 1.98 and a beta of 0.99.
United Parcel Service Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.80%. The ex-dividend date was Monday, August 19th. United Parcel Service's dividend payout ratio (DPR) is 106.36%.
Insider Transactions at United Parcel Service
In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares of the company's stock, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On United Parcel Service
Institutional investors have recently bought and sold shares of the stock. Clearbridge Investments LLC raised its position in shares of United Parcel Service by 6.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company's stock worth $991,556,000 after acquiring an additional 406,248 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in United Parcel Service by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company's stock worth $888,254,000 after purchasing an additional 20,426 shares in the last quarter. American Century Companies Inc. lifted its position in United Parcel Service by 10.5% during the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company's stock valued at $567,157,000 after buying an additional 393,434 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of United Parcel Service by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company's stock valued at $611,445,000 after buying an additional 101,349 shares in the last quarter. Finally, Capital World Investors grew its position in shares of United Parcel Service by 9.6% in the 1st quarter. Capital World Investors now owns 3,011,299 shares of the transportation company's stock worth $447,569,000 after buying an additional 263,313 shares during the period. 60.26% of the stock is owned by institutional investors.
About United Parcel Service
(
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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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