United Parcel Service (NYSE:UPS – Get Free Report) announced its quarterly earnings data on Thursday. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.65 by $0.11, Briefing.com reports. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 EPS. United Parcel Service updated its FY 2024 guidance to EPS.
United Parcel Service Stock Performance
Shares of UPS traded up $0.48 during trading hours on Friday, hitting $138.83. The company’s stock had a trading volume of 2,150,365 shares, compared to its average volume of 4,207,882. The business has a 50 day simple moving average of $130.73 and a two-hundred day simple moving average of $136.17. United Parcel Service has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $118.92 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.93 and a beta of 0.99.
United Parcel Service Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.70%. United Parcel Service’s dividend payout ratio is presently 106.36%.
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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