United Parcel Service (NYSE:UPS – Get Free Report) issued its quarterly earnings data on Thursday. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.65 by $0.11, Briefing.com reports. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the company earned $1.57 earnings per share. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. United Parcel Service updated its FY 2024 guidance to EPS.
United Parcel Service Trading Up 0.3 %
NYSE UPS traded up $0.48 during trading on Friday, hitting $138.83. 2,150,365 shares of the company’s stock traded hands, compared to its average volume of 4,207,882. The stock has a fifty day moving average of $130.73 and a two-hundred day moving average of $136.17. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service has a 12-month low of $123.12 and a 12-month high of $163.82. The firm has a market cap of $118.92 billion, a P/E ratio of 22.61, a PEG ratio of 1.93 and a beta of 0.99.
United Parcel Service Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.70%. United Parcel Service’s payout ratio is 106.36%.
Analysts Set New Price Targets
Read Our Latest Stock Report on United Parcel Service
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.
Read More
- Five stocks we like better than United Parcel Service
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Texas Roadhouse Stock Steering for New Highs This Year
- What Do S&P 500 Stocks Tell Investors About the Market?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.