The package delivery company is doing a good job in difficult end markets.UPS (UPS -0.01%) stock is attracting a lot of attention from value investors, and rightly so. The stock's 4.5% dividend yield will please income-seeking investors, and the company has plenty of recovery potential as the economy, hopefully, improves and capacity gets taken out of the parcel delivery sector. There's a lot to like about UPS, but is it time to pull the trigger and buy the stock as it trades around the $137 mark? Here's th ...

A high dividend yield has been one of the few reliable positives for the logistics stock.After United Parcel Service (UPS -0.76%) reported its third-quarter results before the opening bell last Thursday, shares of the package delivery giant popped by 5.3%. And while the price moderated a bit in the days since, they were still up by more than 4% from last Wednesday's close on Monday morning.The report offered meaningful signs that the company is turning the corner. And with a whopping 4.7% yield, UPS offers ...

LOS ANGELES, Oct. 29, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises United Parcel Service, Inc. ("UPS" or the "Company") (NYSE: UPS) investors of a class action representing investors that bought securities between January 30, 2024 and July 22, 2024, inclusive (the "Class Period"). UPS investors have until December 9, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal righ ...

SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired United Parcel Service, Inc. (NYSE: UPS) securities between January 30, 2024 and July 22, 2024. UPS is a multinational parcel delivery and supply chain management solutions company operating in more than 200 countries and territories. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call ...

United Parcel Service (UPS) reported better-than-expected third-quarter 2024 earnings per share on Oct. 24. Earnings and revenues increased year over year for the first time in about a year and a half. This development pleased investors, resulting in the UPS stock gaining 4.6% since the earnings release. Highlights of United Parcel's Q3 Earnings UPS reported third-quarter 2024 earnings of $1.76 per share, which beat the Zacks Consensus Estimate of $1.65 and improved 12.1% year over year. Revenues of $22.25 ...

The package delivery giant is headed in the right direction. Wall Street liked what it heard when United Parcel Service (UPS -0.67%) announced its third-quarter results last Thursday. UPS stock jumped after the company beat earnings estimates. But it wasn't just analysts who had reason to celebrate after the package delivery giant reported its latest quarterly results. UPS also gave good news to income investors who love its 4.7% forward dividend yield. The primary concern with UPS' dividend If a company ca ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In UPS To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 in UPS between January 30, 2024 to July 22, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Oct. 25, 2024 /PRNewswire/ -- Faru ...

The price action in United Parcel Service NYSE: UPS may have reached the bottom, but the downtrend isn’t over yet. The Q3 results affirm the outlook that growth can be sustained and earnings leverage realized, sparking a surge in the price action. Still, the subsequent selloff from a multi-year high confirms resistance at a critical level and the likelihood of lower prices for the stock this year.  United Parcel Service TodayUPSUnited Parcel Service$138.35 +6.94 (+5.28%) 52-Week Range$123.12▼$163.82Dividend ...

United Parcel Service, Inc. (UPS) reported third-quarter 2024 earnings of $1.76 per share, which beat the Zacks Consensus Estimate of $1.65 and improved 12.1% year over year.UPS’s bullish margin view looks encouraging. For 2024, UPS now expects consolidated adjusted operating margin to be around 9.6% compared with the prior expected 9.4%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Other Aspects of Q3 Earnings ReportRevenues of $22.25 billion fell short of the Zacks Consensus Estim ...

Financial Data and Key Metrics Changes - For Q3 2024, consolidated revenue was $22.2 billion, a 5.6% increase year-over-year, with consolidated operating profit at $2 billion, up 22.8% from last year, resulting in an operating margin of 8.9% [5][16] - Diluted earnings per share rose to $1.76, reflecting a 12.1% increase compared to Q3 2023 [16] Business Segment Data and Key Metrics Changes - In the U.S. domestic segment, revenue reached $14.5 billion, up 5.8% year-over-year, driven by a 6.5% increase in average daily volume (ADV) [19][17] - The International segment generated $4.4 billion in revenue, a 3.4% increase, with operating profit at $792 million, up 17.3% year-over-year [21][22] - Supply Chain Solutions (SCS) revenue was $3.4 billion, an 8% increase, with air and ocean forwarding revenue up 15.1% [22][23] Market Data and Key Metrics Changes - U.S. average daily volume growth was 6.5%, with B2B volume increasing by nearly 1% and B2C volume up 11% year-over-year [17][19] - International average daily volume growth remained flat, but revenue per piece increased by 2.5% due to strong base pricing [21][22] Company Strategy and Development Direction - The company aims to become the leading complex healthcare logistics provider globally, with a recent agreement to acquire Frigo-Trans to enhance temperature-sensitive healthcare capabilities [9] - The strategy includes a focus on revenue quality, adjusting pricing to match service attributes, and leveraging technology for productivity improvements [7][8] Management's Comments on Operating Environment and Future Outlook - Management noted a slightly worse macro environment than expected, with slower online sales and manufacturing activity impacting volume [4] - Despite challenges, the company expects to deliver approximately $91.1 billion in consolidated revenue for the year, with an operating margin target lifted to approximately 9.6% [15][25] Other Important Information - The company completed its targeted $500 million share repurchase program in Q3 and paid $4 billion in dividends year-to-date [24] - The onboarding of the USPS air cargo business is expected to deliver strong, consistent revenue at attractive margins [11][56] Q&A Session Summary Question: Drivers of operating profit guidance from Q3 to Q4 - Management highlighted revenue quality focus, pricing policy improvements, and productivity initiatives as key drivers for the expected increase in operating profit [27][28] Question: Softness in peak season volume expectations - Management noted that customer forecasts have been tempered due to a compressed peak period and external holiday season forecasts [31][32] Question: Cost improvement on a per piece basis - Management indicated strong cost performance in Q3, with expectations for continued improvement in Q4 driven by wage inflation normalization and productivity initiatives [36][38] Question: Margin improvement outlook - Management stated that meaningful margin improvement is expected to begin after Q4, with a focus on revenue quality and productivity [66][70] Question: USPS contract impact on margins - Management clarified that there would be no incremental impact from the USPS contract on domestic margins in Q4, as the costs were associated with startup rather than ongoing operations [66][67]