United Parcel Service (NYSE:UPS – Get Free Report) announced its quarterly earnings results on Tuesday. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20), RTT News reports. United Parcel Service had a net margin of 5.87% and a return on equity of 34.90%. The company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the business posted $2.54 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. United Parcel Service updated its FY 2024 guidance to EPS.
United Parcel Service Stock Performance
Shares of UPS stock traded down $1.45 on Thursday, hitting $127.08. The company had a trading volume of 7,738,113 shares, compared to its average volume of 4,210,877. The firm has a market cap of $108.72 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 1.65 and a beta of 0.98. The company has a 50-day moving average price of $138.50 and a 200-day moving average price of $146.04. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service has a twelve month low of $124.80 and a twelve month high of $189.65.
United Parcel Service Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 5.13%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.
Analyst Ratings Changes
Check Out Our Latest Report on UPS
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.
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