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

United Parcel Service (NYSE:UPS) posted its quarterly earnings data on Tuesday. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20), RTT News reports. The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 34.90%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.54 earnings per share. United Parcel Service updated its FY 2024 guidance to EPS.

United Parcel Service Trading Down 1.1 %

NYSE UPS traded down $1.45 on Thursday, hitting $127.08. The company’s stock had a trading volume of 7,738,113 shares, compared to its average volume of 4,210,877. The company has a quick ratio of 1.04, a current ratio of 1.10 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. The company’s 50-day moving average is $138.50 and its 200 day moving average is $146.04. The firm has a market cap of $108.72 billion, a PE ratio of 18.49, a PEG ratio of 1.65 and a beta of 0.98.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.13%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analyst Upgrades and Downgrades

Several research firms recently commented on UPS. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Wednesday, April 3rd. Barclays cut their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wells Fargo & Company lowered their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research note on Wednesday. TD Cowen lowered their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Finally, Robert W. Baird lowered 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 note on Wednesday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.