Zacks Research Has Strong Estimate for UPS FY2024 Earnings

United Parcel Service, Inc. (NYSE:UPS) – Investment analysts at Zacks Research raised their FY2024 earnings per share estimates for shares of United Parcel Service in a research note issued on Thursday, November 7th. Zacks Research analyst M. Basu now expects that the transportation company will earn $7.42 per share for the year, up from their prior estimate 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.

Several other analysts also recently weighed in on UPS. Robert W. Baird dropped their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Stifel Nicolaus upped their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Barclays reaffirmed an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Bank of America increased their price target on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Susquehanna increased their price target on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Price Performance

Shares of UPS stock opened at $131.61 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a market cap of $112.73 billion, a P/E ratio of 20.08, a P/E/G ratio of 2.17 and a beta of 0.99. The business has a fifty day simple moving average of $132.06 and a 200 day simple moving average of $135.12.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the company posted $1.57 EPS. The company’s revenue was up 5.4% compared to the same quarter last year.

Institutional Trading of United Parcel Service

Several hedge funds have recently made changes to their positions in UPS. International Assets Investment Management LLC raised its stake in shares of United Parcel Service by 15,779.6% in the third 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 buying an additional 14,539,321 shares during the period. Marshall Wace LLP raised its stake in shares of United Parcel Service by 284.8% in the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after buying an additional 1,901,914 shares during the period. Van ECK Associates Corp raised its stake in shares of United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after buying an additional 1,620,091 shares during the period. Spirepoint Private Client LLC bought a new stake in shares of United Parcel Service during the 1st quarter valued at $160,787,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of United Parcel Service by 5,136.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after purchasing an additional 1,059,339 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.95%. 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.