United Parcel Service (NYSE:UPS) Issues Quarterly Earnings Results

Key Points

• United Parcel Service (UPS) reported an earnings per share (EPS) of $1.55, missing analysts' estimates of $1.57 by $0.02, with a net margin of 6.44%.
• The company's stock declined 8.0% following the earnings announcement, opening at $93.48, and within a 52-week range of $90.55 to $145.01.
• UPS declared a quarterly dividend of $1.64, representing an annualized yield of 7.02%, with a payout ratio of 95.63%.

United Parcel Service (NYSE:UPS - Get Free Report) released its quarterly earnings data on Tuesday. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01), Zacks reports. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter last year, the firm earned $1.79 EPS. The company's revenue for the quarter was down 2.7% on a year-over-year basis.

United Parcel Service Stock Performance

UPS traded down $3.64 during trading on Wednesday, hitting $87.20. The stock had a trading volume of 20,933,438 shares, compared to its average volume of 5,541,519. The company has a 50 day moving average price of $99.75 and a 200-day moving average price of $106.69. The firm has a market cap of $73.84 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.75 and a beta of 1.21. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09. United Parcel Service has a one year low of $87.01 and a one year high of $145.01.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 7.52%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wolfe Research dropped their target price on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 1st. Bernstein Bank lifted their target price on United Parcel Service from $132.00 to $133.00 in a research report on Wednesday, April 30th. Wells Fargo & Company dropped their target price on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Vertical Research reissued a "hold" rating and issued a $103.00 target price on shares of United Parcel Service in a research report on Wednesday. Finally, Stifel Canada dropped their target price on United Parcel Service from $145.00 to $124.00 in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and a consensus target price of $113.38.

Institutional Trading of United Parcel Service

A hedge fund recently raised its stake in United Parcel Service stock. Brighton Jones LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 63.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,126 shares of the transportation company's stock after buying an additional 4,723 shares during the quarter. Brighton Jones LLC's holdings in United Parcel Service were worth $1,529,000 at the end of the most recent reporting period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

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.