United Parcel Service (UPS) Set to Announce Quarterly Earnings on Tuesday

United Parcel Service (NYSE:UPS) is set to post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect United Parcel Service to post earnings of $1.57 per share for the quarter. United Parcel Service has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The firm had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business’s revenue was down 7.8% compared to the same quarter last year. During the same period last year, the company earned $3.62 earnings per share. On average, analysts expect United Parcel Service to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

United Parcel Service Stock Down 0.0 %

UPS stock opened at $144.85 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average price of $149.81 and a two-hundred day moving average price of $151.49. The company has a market cap of $123.51 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 1.68 and a beta of 1.05. United Parcel Service has a twelve month low of $133.68 and a twelve month high of $197.80.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.50%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

Insider Activity

In related news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of United Parcel Service

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in United Parcel Service in the fourth quarter worth $1,255,623,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of United Parcel Service by 105,818.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,215,560 shares of the transportation company’s stock worth $732,833,000 after acquiring an additional 4,211,580 shares during the period. Morgan Stanley boosted its holdings in shares of United Parcel Service by 33.7% in the fourth quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after acquiring an additional 1,949,775 shares during the period. Providence Capital Advisors LLC boosted its holdings in shares of United Parcel Service by 19,991.7% in the first quarter. Providence Capital Advisors LLC now owns 1,905,500 shares of the transportation company’s stock worth $9,822,000 after acquiring an additional 1,896,016 shares during the period. Finally, Viking Global Investors LP boosted its holdings in shares of United Parcel Service by 23.1% in the fourth quarter. Viking Global Investors LP now owns 8,199,127 shares of the transportation company’s stock worth $1,289,149,000 after acquiring an additional 1,538,643 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Raymond James decreased their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, April 3rd. HSBC reduced their price target on United Parcel Service from $155.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. Finally, Daiwa Capital Markets downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price target for the company. in a research note on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $165.61.

United Parcel Service Company Profile

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.