Zacks Research Has Strong Estimate for UPS FY2024 Earnings

United Parcel Service, Inc. (NYSE:UPS) – Research analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for shares of United Parcel Service in a research report issued on Thursday, November 7th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings of $7.42 per share for the year, up from their previous forecast of $7.41. The consensus estimate for United Parcel Service’s current full-year earnings is $7.48 per share. Zacks Research also issued estimates for United Parcel Service’s Q2 2025 earnings at $2.04 EPS, Q3 2025 earnings at $1.83 EPS, FY2025 earnings at $8.79 EPS and Q2 2026 earnings at $1.82 EPS.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the business posted $1.57 EPS. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis.

Several other research firms have also recently commented on UPS. Robert W. Baird cut their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI boosted their target price on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group cut their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service Trading Down 0.6 %

NYSE UPS opened at $131.61 on Monday. The stock has a market capitalization of $112.73 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.17 and a beta of 0.99. The stock’s 50 day moving average price is $132.06 and its two-hundred day moving average price is $135.12. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. United Parcel Service has a 52 week low of $123.12 and a 52 week high of $163.82.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its stake in United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the period. Clearbridge Investments LLC boosted its stake in United Parcel Service by 6.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after purchasing an additional 406,248 shares during the period. Bank of New York Mellon Corp boosted its stake in United Parcel Service by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after purchasing an additional 20,426 shares during the period. American Century Companies Inc. boosted its stake in United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after purchasing an additional 393,434 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in United Parcel Service by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock valued at $611,445,000 after purchasing an additional 101,349 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Monday, November 18th. United Parcel Service’s payout ratio is presently 98.49%.

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.