United Parcel Service (NYSE:UPS) Releases Earnings Results, Beats Expectations By $0.10 EPS

United Parcel Service (NYSE:UPS) issued its quarterly earnings data on Tuesday. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10, RTT News reports. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the previous year, the company earned $2.20 earnings per share. United Parcel Service’s revenue for the quarter was down 5.3% on a year-over-year basis. United Parcel Service updated its FY 2024 guidance to EPS.

United Parcel Service Trading Up 0.6 %

Shares of United Parcel Service stock opened at $147.45 on Friday. The firm has a 50-day moving average of $149.57 and a 200-day moving average of $151.01. The stock has a market cap of $125.72 billion, a PE ratio of 21.37, a PEG ratio of 1.68 and a beta of 1.05. United Parcel Service has a 52-week low of $133.68 and a 52-week high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is presently 94.49%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday. Raymond James reduced their price objective on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 31st. BMO Capital Markets upped their target price on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Finally, UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their target price for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $166.96.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction on Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

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.