United Parcel Service (NYSE:UPS – Get Free Report) released its quarterly earnings data on Tuesday. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20), RTT News reports. The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 34.90% and a net margin of 5.87%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.54 EPS. United Parcel Service updated its FY 2024 guidance to EPS.
United Parcel Service Trading Up 0.3 %
NYSE UPS traded up $0.39 during trading hours on Thursday, hitting $128.92. 13,798 shares of the company’s stock were exchanged, compared to its average volume of 4,156,481. The firm has a market cap of $110.30 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.65 and a beta of 0.98. The stock has a 50-day simple moving average of $138.50 and a 200 day simple moving average of $146.04. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. United Parcel Service has a 1-year low of $124.80 and a 1-year high of $189.65.
United Parcel Service Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.06%. The ex-dividend date was Friday, May 10th. United Parcel Service’s payout ratio is presently 94.49%.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on United Parcel Service
About United Parcel Service
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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