Q3 2024 Earnings Estimate for United Parcel Service, Inc. Issued By Zacks Research (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPS) – Stock analysts at Zacks Research raised their Q3 2024 earnings per share estimates for United Parcel Service in a research report issued to clients and investors on Monday, October 14th. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings per share of $1.69 for the quarter, up from their previous estimate of $1.67. The consensus estimate for United Parcel Service’s current full-year earnings is $7.43 per share. Zacks Research also issued estimates for United Parcel Service’s Q4 2024 earnings at $2.50 EPS, FY2024 earnings at $7.41 EPS, Q1 2025 earnings at $1.83 EPS, Q3 2025 earnings at $1.67 EPS, Q4 2025 earnings at $3.17 EPS, FY2025 earnings at $8.65 EPS, Q1 2026 earnings at $2.04 EPS, Q2 2026 earnings at $1.79 EPS, Q3 2026 earnings at $2.73 EPS and FY2026 earnings at $10.33 EPS.

UPS has been the topic of several other research reports. Baird R W raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Barclays lowered their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus cut their target price on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. TD Cowen started coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. Finally, BMO Capital Markets reduced their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.24.

United Parcel Service Stock Performance

UPS stock opened at $133.80 on Wednesday. United Parcel Service has a twelve month low of $123.12 and a twelve month high of $163.82. The firm has a market cap of $114.61 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.95 and a beta of 0.99. The business’s fifty day simple moving average is $129.57 and its two-hundred day simple moving average is $136.76. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter last year, the firm earned $2.54 earnings per share. The business’s quarterly revenue was down 1.1% on a year-over-year basis.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors have recently modified their holdings of the company. TruNorth Capital Management LLC purchased a new stake in United Parcel Service during the 2nd quarter worth about $28,000. Riverview Trust Co acquired a new position in United Parcel Service in the second quarter valued at approximately $32,000. Centerpoint Advisors LLC increased its stake in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Stephens Consulting LLC lifted its position in shares of United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

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.