United Parcel Service (NYSE:UPS) Releases Earnings Results, Misses Expectations By $0.20 EPS

United Parcel Service (NYSE:UPS) 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

A number of equities research analysts have recently commented on the company. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and raised their price target for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Evercore ISI reduced their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Wednesday, April 3rd. Barclays reduced their price objective on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $154.95.

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.