Q2 2022 EPS Estimates for United Parcel Service, Inc. Lowered by Analyst (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPSGet Rating) – Stock analysts at Oppenheimer dropped their Q2 2022 earnings per share (EPS) estimates for United Parcel Service in a research note issued on Wednesday, April 27th. Oppenheimer analyst S. Schneeberger now anticipates that the transportation company will post earnings per share of $3.08 for the quarter, down from their prior forecast of $3.21. Oppenheimer also issued estimates for United Parcel Service’s Q3 2022 earnings at $2.85 EPS and Q4 2022 earnings at $3.77 EPS.

United Parcel Service (NYSE:UPSGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The transportation company reported $3.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.88 by $0.17. The firm had revenue of $24.40 billion during the quarter, compared to analysts’ expectations of $23.80 billion. United Parcel Service had a net margin of 13.25% and a return on equity of 96.17%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.77 earnings per share.

UPS has been the subject of a number of other research reports. Wells Fargo & Company boosted their price objective on shares of United Parcel Service from $245.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, February 2nd. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $262.00 to $229.00 and set an “overweight” rating on the stock in a research note on Friday, April 8th. Barclays cut their price target on shares of United Parcel Service from $245.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Raymond James cut their price target on shares of United Parcel Service from $275.00 to $250.00 and set a “strong-buy” rating on the stock in a research note on Wednesday. Finally, Susquehanna Bancshares cut their price target on shares of United Parcel Service from $218.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $226.00.

Shares of NYSE UPS opened at $190.16 on Friday. The stock has a market cap of $165.51 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.64 and a beta of 1.11. The firm has a 50 day moving average price of $203.80 and a 200 day moving average price of $206.98. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.42 and a current ratio of 1.42. United Parcel Service has a 52-week low of $177.13 and a 52-week high of $233.72.

Institutional investors have recently made changes to their positions in the business. Rational Advisors LLC grew its stake in United Parcel Service by 126.4% during the fourth quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock worth $26,000 after buying an additional 67 shares in the last quarter. First Community Trust NA acquired a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $26,000. DB Fitzpatrick & Co Inc acquired a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $28,000. Curi Wealth Management LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $28,000. Finally, Cyrus J. Lawrence LLC acquired a new stake in shares of United Parcel Service in the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 56.81% of the company’s stock.

In related news, insider Juan R. Perez sold 12,996 shares of the company’s stock in a transaction dated Monday, February 7th. The shares were sold at an average price of $223.54, for a total value of $2,905,125.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Norman M. Brothers, Jr. sold 5,677 shares of the company’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $227.52, for a total transaction of $1,291,631.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,558 shares of company stock worth $6,491,514. Corporate insiders own 0.12% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 10th. Shareholders of record on Tuesday, February 22nd were issued a $1.52 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.02. This represents a $6.08 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, February 18th. United Parcel Service’s payout ratio is currently 41.39%.

United Parcel Service Company Profile (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.

See Also

Earnings History and Estimates for United Parcel Service (NYSE:UPS)

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