United Parcel Service (NYSE:UPS – Get Free Report) released its quarterly earnings data on Tuesday. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20), RTT News reports. 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 period last year, the business posted $2.54 earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. United Parcel Service updated its FY 2024 guidance to EPS.
United Parcel Service Trading Up 1.9 %
NYSE UPS traded up $2.42 on Friday, hitting $129.50. The company’s stock had a trading volume of 2,910,454 shares, compared to its average volume of 4,201,950. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 1.18. United Parcel Service has a 52-week low of $124.80 and a 52-week high of $189.65. The firm has a market cap of $110.80 billion, a P/E ratio of 18.66, a PEG ratio of 1.69 and a beta of 0.98. The company’s 50-day simple moving average is $138.05 and its 200 day simple moving average is $145.91.
United Parcel Service Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s payout ratio is 94.49%.
Analysts Set New Price Targets
Read Our Latest Analysis on UPS
Insider Activity
In related news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.
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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