United Parcel Service, Inc. Expected to Post FY2024 Earnings of $7.39 Per Share (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPS) – Stock analysts at Zacks Research cut their FY2024 EPS estimates for United Parcel Service in a research note issued to investors on Tuesday, August 6th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings of $7.39 per share for the year, down from their prior forecast of $7.96. 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 Q4 2024 earnings at $2.49 EPS, Q3 2025 earnings at $1.66 EPS, Q4 2025 earnings at $3.16 EPS and FY2025 earnings at $8.62 EPS.

A number of other brokerages have also recently weighed in on UPS. Baird R W raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Robert W. Baird reduced their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” 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 on the stock in a research note on Wednesday, July 24th. Stephens cut their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, Barclays dropped their price objective on 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $151.00.

United Parcel Service Trading Down 0.3 %

Shares of United Parcel Service stock traded down $0.39 on Thursday, reaching $125.82. The company had a trading volume of 3,825,042 shares, compared to its average volume of 4,284,486. 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 firm has a market cap of $107.65 billion, a PE ratio of 18.23, a PEG ratio of 1.72 and a beta of 0.98. The firm’s 50 day moving average price is $135.07 and its two-hundred day moving average price is $143.57. United Parcel Service has a 52-week low of $123.12 and a 52-week high of $182.25.

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

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insider Activity at United Parcel Service

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

Hedge Funds Weigh In On United Parcel Service

A number of institutional investors have recently made changes to their positions in the stock. Cullen Investment Group LTD. grew its holdings in shares of United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after buying an additional 68 shares in the last quarter. Blackston Financial Advisory Group LLC grew its position in shares of United Parcel Service by 1.4% in the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc increased its stake in United Parcel Service by 2.2% in the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after purchasing an additional 70 shares during the last quarter. Moody National Bank Trust Division lifted its position in United Parcel Service by 0.8% during the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after buying an additional 71 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its stake in United Parcel Service by 2.1% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after buying an additional 73 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

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.