Q3 2024 EPS Estimates for United Parcel Service, Inc. Raised by Zacks Research (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPS) – Zacks Research lifted their Q3 2024 earnings estimates for United Parcel Service in a report issued 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 prior forecast 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.

United Parcel Service (NYSE:UPS) last released its quarterly 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). The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.54 earnings per share.

UPS has been the subject of several other research reports. Evercore ISI reduced their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Wells Fargo & Company lifted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. UBS Group dropped their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Citigroup assumed coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.24.

United Parcel Service Price Performance

UPS opened at $135.88 on Wednesday. The firm has a 50-day moving average price of $129.82 and a 200-day moving average price of $136.75. The company has a market capitalization of $116.39 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.98 and a beta of 0.99. United Parcel Service has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

Institutional Trading of United Parcel Service

A number of large investors have recently made changes to their positions in the stock. Blackston Financial Advisory Group LLC raised its holdings in shares of United Parcel Service by 1.4% in the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares in the last quarter. Moody National Bank Trust Division raised its holdings in United Parcel Service by 0.8% in the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after purchasing an additional 71 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in United Parcel Service by 2.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after purchasing an additional 73 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in United Parcel Service by 0.9% in the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after purchasing an additional 73 shares in the last quarter. Finally, MV Capital Management Inc. increased its holdings in shares of United Parcel Service by 8.6% during the first quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock valued at $144,000 after acquiring an additional 77 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. This trade represents a 3,100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders 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 4.80%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 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.