UPS Expects FY24 Revenue Of $92B-$94.5B Vs. Consensus Of $95.57B; Sees Consolidated Adjusted Operating Margin Of 10.0%-10.6%.
Portfolio Pulse from Benzinga Newsdesk
UPS has provided its full year 2024 financial outlook, projecting revenues of $92B-$94.5B, which is below the consensus estimate of $95.57B. The company anticipates a consolidated adjusted operating margin of 10.0%-10.6%. Capital expenditures are expected to be about $4.5B, with planned dividend payments of approximately $5.4B, pending board approval. The effective tax rate is forecasted to be around 23.5%.
January 30, 2024 | 11:09 am
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UPS projects lower-than-expected revenue for FY24 at $92B-$94.5B versus the consensus of $95.57B, with a solid operating margin and significant capital expenditures and dividends planned.
The projected revenue for UPS is below market consensus, which could lead to a negative short-term reaction from investors. However, the commitment to capital expenditures and dividends may indicate confidence in long-term financial health, which could mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100