United Parcel Service, Inc. (NYSE:UPS) Forecasted to Post Q2 2024 Earnings of $1.98 Per Share

United Parcel Service, Inc. (NYSE:UPS) – Research analysts at Zacks Research reduced their Q2 2024 EPS estimates for shares of United Parcel Service in a report issued on Tuesday, May 7th. Zacks Research analyst M. Basu now forecasts that the transportation company will earn $1.98 per share for the quarter, down from their prior estimate of $2.06. The consensus estimate for United Parcel Service’s current full-year earnings is $8.23 per share. Zacks Research also issued estimates for United Parcel Service’s Q3 2024 earnings at $1.98 EPS, Q4 2024 earnings at $2.56 EPS, FY2024 earnings at $7.96 EPS, Q1 2025 earnings at $1.93 EPS, Q2 2025 earnings at $1.95 EPS, Q3 2025 earnings at $1.72 EPS and Q4 2025 earnings at $3.24 EPS.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter last year, the firm posted $2.20 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year.

Several other equities analysts have also commented on UPS. Deutsche Bank Aktiengesellschaft reduced their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Oppenheimer increased their price target on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and upped their target price for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Finally, Bank of America increased their price objective on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $165.23.

United Parcel Service Trading Up 0.5 %

Shares of UPS opened at $147.77 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. United Parcel Service has a 12 month low of $133.68 and a 12 month high of $192.98. The stock has a market cap of $126.00 billion, a PE ratio of 21.42, a P/E/G ratio of 1.68 and a beta of 1.05. The stock’s 50-day moving average is $149.35 and its two-hundred day moving average is $150.53.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $26,000. OFI Invest Asset Management bought a new position in shares of United Parcel Service in the third quarter valued at $25,000. Life Planning Partners Inc acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. Northwest Financial Advisors bought a new stake in shares of United Parcel Service during the 4th quarter worth $28,000. Finally, Pineridge Advisors LLC acquired a new position in shares of United Parcel Service in the 4th quarter worth $31,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be given a $1.63 dividend. The ex-dividend date is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.41%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

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.