2024-03-31 09:30:00 ET
It's been tough going for United Parcel Service (NYSE: UPS) lately. The stock is down more than 21% over the past year compared to a 31% gain in the S&P 500 . Last year was the company's worst in a while and included multiple earnings misses -- a complete flip from the torrid growth rate UPS was on during the worst of the pandemic. To make matters worse, UPS guided for weak 2024 results , causing the stock to sell off heavily in January as a result.
The stock had recovered since then, but then management's 2024 Investor and Analyst Day presentation on March 26 confirmed that the package delivery company is in a prolonged slowdown. UPS stock suffered a more than 8% sell-off in response to the guidance and is now within 10% of its three-year low.
Here's why UPS is struggling, why growth should return, and why the high-yield dividend stock is worth buying now.
For further details see:
Near a 3-Year Low, Is This High-Yield Dividend Stock Worth Buying in April?