United Parcel Service, Inc. (UPS)
Market Cap | 130.77B |
Revenue (ttm) | 90.96B |
Net Income (ttm) | 6.71B |
Shares Out | 852.60M |
EPS (ttm) | 7.80 |
PE Ratio | 19.45 |
Forward PE | 18.06 |
Dividend | $6.52 (4.30%) |
Ex-Dividend Date | Feb 16, 2024 |
Volume | 4,626,521 |
Open | 154.08 |
Previous Close | 153.37 |
Day's Range | 151.49 - 154.34 |
52-Week Range | 133.68 - 197.80 |
Beta | 1.05 |
Analysts | Buy |
Price Target | 175.70 (+15.83%) |
Earnings Date | Apr 23, 2024 |
About UPS
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. The International Package segment provides guaranteed day and time-definite inte... [Read more]
Financial Performance
In 2023, UPS's revenue was $90.96 billion, a decrease of -9.35% compared to the previous year's $100.34 billion. Earnings were $6.71 billion, a decrease of -41.91%.
Financial StatementsAnalyst Forecast
According to 25 analysts, the average rating for UPS stock is "Buy." The 12-month stock price forecast is $175.7, which is an increase of 15.83% from the latest price.
News
Up 30% In A Year, Is FedEx Stock A Better Pick Over UPS?
Given its better prospects, we believe UPS stock (NYSE: UPS) is a better pick than its peer — FedEx stock (NYSE: FDX). UPS trades at a higher valuation multiple of 1.4x revenues vs.
UPS, IBM, NVO: Expect Less Volatility Than Last Year
We're bullish on the market this year, notes Andrew Arons. He discusses the long-term market outlook.
Former United Parcel Service Executive Nick Costides Joins Board of Directors at Robust.AI
SAN CARLOS, Calif.--(BUSINESS WIRE)-- #AI--Robotics and AI company Robust.AI announced the appointment of Nick Costides, former President of IT at UPS, to its Board of Directors.
Should You Pick UPS Stock After Its 10% Fall Last Year?
UPS (NYSE: UPS) recently reported its Q4 results, with revenues missing but earnings marginally ahead of the street estimates. The company's outlook for 2024 sales also fell short of expectations, and...
UPS Stock Delivers Best Day Since 2022 On Cost-Cutting Upside
Shares of United Parcel Service registered their biggest gain in years Tuesday, after the limping shipping magnate earned a rare analyst upgrade expressing optimism about UPS' profit outlook in light ...
UPS New Canada Weekend Service
ATLANTA--(BUSINESS WIRE)--UPS (NYSE: UPS) today announced the launch of Saturday residential delivery of UPS® Standard Service, which brings Saturday ground delivery to customers in major Canadian cit...
CyberPower Expands Smart App Sinewave UPS Series to Include Lithium-Iron Models
SHAKOPEE, Minn.--(BUSINESS WIRE)-- #CyberPower--CyberPower launched lithium-iron UPS systems in its Smart App Sinewave product line.
UPS announces 12,000 job cuts after disappointing quarter
UPS announced plans to cut 12,000 jobs after posting disappointing fourth quarter results.
UPS To Cut 12,000 Jobs
Bloomberg Intelligence Lee Klaskow discusses the dip in UPS revenue and how the supply chains may have been the culprit. He joined Paul Sweeney and John Tucker On Bloomberg Radio.
UPS says it ‘won back' most of the business it lost to FedEx during labor talks, disputing rival's claim
That, from a FactSet transcript of United Parcel Service Inc.'s fourth-quarter earnings call Tuesday, appears to be UPS Chief Executive Carol Tomé's way of saying you shouldn't believe rival FedEx Cor...
UPS plans to cut 12,000 jobs
UPS said it plans to cut 12,000 roles in 2024, making it the latest company to announce plans to reduce its workforce. Amazon, Google, Citigroup and others have already announced cuts.
UPS Package Volume Drops 7.4% in ‘Difficult and Disappointing' 2023
UPS is cutting jobs and considering selling one of its businesses as shipping volumes decline. The shipping giant will eliminate 12,000 positions — chiefly full-time and part-time management roles and...
UPS is cutting 12,000 jobs as CEO cites soft demand and high labor costs following historic contract deal
UPS announced that it will cut 12,000 jobs in 2024. CEO Carol Tomé is seeking to offset high labor costs and low package demand.
UPS to Cut 12,000 Jobs and Mandate Return to Offices Five Days a Week
CEO Carol Tomé said the cuts are part of efforts to change how the company works, including using artificial intelligence and other new technologies.
UPS to slash 12,000 jobs in cost-saving move as workers ordered to be in office 5 days a week
United Parcel Service will slash 12,000 jobs and workers who survive the massive layoffs will be ordered to return to the office five days a week, the company said Tuesday. The Atlanta-based firm anno...
UPS to Cut 12,000 Jobs After Missing Estimates
UPS plans to cut 12,000 jobs and explore the sale of its Coyote truck brokerage business. The jobs reduction will save $1 billion this year, CEO Carol Tomé said on a earnings conference call with anal...
UPS Q4 Earnings Dragged By Lower Volume, Additional Charges; Stock Tumbles
United Parcel Service's (UPS) fourth-quarter results were weighed down by lower shipping volumes and additional charges. The company's shares fell more than 6% in pre-market trading.
UPS Will Lay Off 12,000 Following Rough Earnings Report
UPS plans to reduce its workforce by some 12,000 employees, the shipping giant announced on its fourth quarter earnings call Tuesday after it fell short of expectations at the end of last year.
UPS says it will lay off 12,000 of its employees
United Parcel Service Inc (NYSE: UPS) says it will lower its headcount by more than 2.0%. Shares of the shipping company are trading sharply in the red at writing.
UPS stock tumbles after package giant reports drop in volume
UPS reported more than a 7% decrease in daily package volume in its fourth quarter earnings report Tuesday morning.
UPS volume growth will be better after last year's blip, says Deutsche Bank's Amit Mehrotra
Amit Mehrotra, Managing Director at Deutsche Bank, discusses his expectations for UPS' earnings.
UPS stock price dives as Q4 results point to more shipping woes
UPS (NYSE: UPS) stock price plunged by more than 5% in the pre-market after the company published a weak guidance. The shares crashed to a low of $150, the lowest level since November 28 last year.
UPS to cut 12,000 jobs as annual revenue forecast disappoints on weak ecommerce demand
United Parcel Service said on Tuesday it would cut 12,000 jobs and explore strategic options for Coyote, its truckload freight brokerage business, after the company forecast full-year 2024 revenue bel...
UPS' stock sinks after revenue falls below forecasts again, the full-year outlook disappoints
Shares of United Parcel Service Inc. UPS, -0.80% sank 5.2% toward a two-month low in premarket trading Tuesday, after the package delivery giant reported fourth-quarter that fell below expectations, a...
UPS Releases 4Q 2023 Earnings
ATLANTA--(BUSINESS WIRE)--UPS (NYSE:UPS) today announced fourth-quarter 2023 consolidated revenues of $24.9 billion, a 7.8% decrease from the fourth quarter of 2022. Consolidated operating profit was ...