United Parcel Service, Inc. (NYSE:UPS – Get Rating) – Analysts at KeyCorp reduced their Q2 2022 earnings per share (EPS) estimates for United Parcel Service in a report released on Tuesday, April 26th. KeyCorp analyst T. Fowler now forecasts that the transportation company will earn $3.15 per share for the quarter, down from their prior forecast of $3.16. KeyCorp has a “Overweight” rating and a $265.00 price target on the stock. KeyCorp also issued estimates for United Parcel Service’s Q3 2022 earnings at $3.17 EPS, Q4 2022 earnings at $3.49 EPS and FY2022 earnings at $12.85 EPS.
United Parcel Service (NYSE:UPS – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The transportation company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.17. United Parcel Service had a net margin of 13.25% and a return on equity of 96.17%. The firm had revenue of $24.40 billion for the quarter, compared to analyst estimates of $23.80 billion. During the same quarter in the prior year, the business earned $2.77 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year.
UPS opened at $186.40 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.42 and a quick ratio of 1.42. United Parcel Service has a fifty-two week low of $177.13 and a fifty-two week high of $233.72. The firm has a market capitalization of $162.24 billion, a PE ratio of 12.69, a P/E/G ratio of 1.64 and a beta of 1.11. The company’s 50-day moving average is $204.18 and its 200 day moving average is $206.92.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 10th. Investors of record on Tuesday, February 22nd were issued a $1.52 dividend. The ex-dividend date was Friday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.02. This represents a $6.08 annualized dividend and a yield of 3.26%. United Parcel Service’s dividend payout ratio (DPR) is 41.39%.
In other United Parcel Service news, insider Laura J. Lane sold 6,988 shares of the firm’s stock in a transaction on Friday, February 18th. The shares were sold at an average price of $208.28, for a total value of $1,455,460.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Juan R. Perez sold 12,996 shares of the firm’s stock in a transaction on Monday, February 7th. The shares were sold at an average price of $223.54, for a total transaction of $2,905,125.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,558 shares of company stock valued at $6,491,514. 0.12% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of UPS. Rational Advisors LLC raised its position in shares of United Parcel Service by 126.4% during the 4th quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock valued at $26,000 after buying an additional 67 shares in the last quarter. First Community Trust NA purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $26,000. DB Fitzpatrick & Co Inc purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. Curi Wealth Management LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. Finally, Cyrus J. Lawrence LLC purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 56.81% of the company’s stock.
About United Parcel Service (Get Rating)
United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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