United Parcel Service (UPS) has appointed Brian Dykes as its new executive vice president and chief financial officer. He will assume his new responsibilities with immediate effect. As CFO, he will oversee UPS' financial strategies and lead the global finance organization, managing planning, treasury, tax, financial reporting, financial operations and investor relations.The 46-year-old Dykes has been associated with UPS for a quarter of a century. Since April 2023, he has been serving as the senior vice pre ...

United Parcel Service (UPS) closed the latest trading day at $134.28, indicating a -0.92% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.07%. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq added 0.14%.Prior to today's trading, shares of the package delivery service had lost 1.56% over the past month. This has was narrower than the Transportation sector's loss of 2.17% and lagged the S&P 500's gain of 4.34% in that time.Investors will be eagerly watching fo ...

bunhill The stock market is cyclical-any long-term investor will tell you that. Equities go through economic and financial cycles, and as a result, they are sometimes overvalued and undervalued. The dividend yield is a good measure of comparative valuation. We discuss three stocks whose yields exceed 4%. They have historically yielded much less, suggesting that they are undervalued. We discuss United Parcel Service, Inc. (UPS), T. Rowe Price Group, Inc. (TROW), and Eversource Energy (ES). All three equities ...

valentinrussanov/iStock via Getty Images It seems like my newsfeed is constantly littered with articles and updates stating that the market has reached new-highs, and while that may be exciting for some, it can be frustrating for those of us who are looking to find reasonably priced opportunities. In my regular series for John and Jane, there isn't as much need to find new investment opportunities as there is for someone like me who is 35 years old and has a goal of being able to retire at some point. T ...

United Parcel Service (UPS) closed the most recent trading day at $135.83, moving -1.68% from the previous trading session. This change lagged the S&P 500's daily gain of 0.09%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.3%.Shares of the package delivery service have appreciated by 2.78% over the course of the past month, outperforming the Transportation sector's loss of 1.91% and lagging the S&P 500's gain of 3.38%.The investment community will ...

The package delivery giant's stock came under pressure this year, but some good news from its rival is giving cause for optimism.An analyst at Evercore ISI recently lowered the price targets of UPS (UPS -1.42%) and FedEx (FDX -1.70%) ahead of the latter's fourth-quarter 2024 earnings report. Evercore's earnings estimates for both companies decreased over concerns about declining domestic demand.FedEx's recent earnings are now in. Given what was reported, does Evercore's price target cut from $157 to $142 fo ...

Core Viewpoint - UPS is expected to experience a significant profit increase in the second half of 2024, following a challenging first half marked by a decline in profits and delivery volumes [1][2]. Group 1: Financial Guidance - For the first half of 2024, UPS anticipates a revenue decline of 1% to 2%, while the second half is projected to see revenue growth of 4% to 8%, with total revenue for the year estimated between $92 billion and $94.5 billion [2]. - Adjusted operating profit is expected to decrease by 20% to 30% in the first half, but is forecasted to increase by 20% to 30% in the second half, with a full-year profit estimate of $9.2 billion to $10 billion [2]. Group 2: Cost Management - UPS plans to cut 12,000 jobs in 2024, which is expected to generate $1 billion in cost savings, with 75% of these cuts occurring in the first half [4]. - The company will begin to see favorable cost comparisons in the second half of 2024 as it laps the increased labor costs from a new contract established in 2023 [3][4]. Group 3: Volume Recovery - Management expects delivery volumes to recover in the second half of 2024, contributing to the anticipated revenue growth [5][7]. - The U.S. domestic package segment saw a decline of 3.2% in the first quarter of 2024, but the rate of decline slowed, and a slight positive growth is expected in the second quarter [6][7]. Group 4: Future Outlook - UPS is positioned for a stronger performance in the second half of 2024, with increasing volumes, growing revenue, and easing cost comparisons [7]. - The company's focus on key markets such as healthcare and small and medium-sized businesses, along with investments in automation, is expected to drive revenue growth and margin expansion beyond 2024 [7].

Group 1 - United Parcel Service (UPS) has announced the sale of its Coyote Logistics business unit to RXO, Inc. for $1.025 billion, which is less than the amount UPS paid to acquire Coyote Logistics in 2015 [1] - The sale is expected to allow UPS to focus on its core businesses and allocate resources towards developing new services and solutions for future client needs [1][2] - The transaction is subject to regulatory review and is anticipated to close by the end of 2024, after which UPS will update its financial guidance [1] Group 2 - Coyote Logistics is a global third-party logistics provider that collaborates with 100,000 network carriers and manages 10,000 loads per day [1] - UPS CEO Carol B. Tome emphasized that the decision to sell Coyote Logistics aligns with the company's goal to become the premium small package provider and logistics partner globally [2] Group 3 - UPS currently holds a Zacks Rank 3 (Hold), while GATX Corporation and Trinity Industries, Inc. are better-ranked stocks in the Zacks Transportation sector, both holding a Zacks Rank 1 (Strong Buy) [3] - GATX has shown a positive earnings surprise history, surpassing the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 7.49% [3] - Trinity Industries has raised its 2024 earnings per share guidance to a range of $1.35 to $1.55, reflecting an upward revision from previous guidance [4]

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Company Overview - United Parcel Service (UPS) closed at $136.60, reflecting a -0.2% change from the previous day, which was a slight lag compared to the S&P 500's daily loss of 0.16% [1] - Over the past month, UPS shares have decreased by 1.6%, which is better than the Transportation sector's loss of 4.01% and lagging behind the S&P 500's gain of 3.15% [1] Earnings Forecast - The upcoming earnings release is anticipated, with an expected EPS of $2, indicating a 21.26% decline compared to the same quarter last year [1] - Revenue is projected to be $22.37 billion, reflecting a 1.42% increase from the prior-year quarter [1] - For the full year, analysts expect earnings of $8.22 per share and revenue of $93.05 billion, marking changes of -6.38% and +2.3% respectively from last year [2] Analyst Estimates and Valuation - Recent changes in analyst estimates suggest evolving short-term business trends, with positive revisions indicating confidence in UPS's performance [2] - The Zacks Rank system currently rates UPS at 3 (Hold), with the consensus EPS estimate remaining stagnant over the past month [3] - UPS has a Forward P/E ratio of 16.65, which is a discount compared to the industry's average Forward P/E of 16.94 [3] - The company has a PEG ratio of 1.74, while the Transportation - Air Freight and Cargo industry has an average PEG ratio of 1.43 [3] Industry Context - The Transportation - Air Freight and Cargo industry is part of the broader Transportation sector, holding a Zacks Industry Rank of 103, placing it in the top 41% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]