Wall Street brokerages forecast that Union Pacific Co. (NYSE:UNP) will post sales of $5.80 billion for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Union Pacific’s earnings. The highest sales estimate is $5.89 billion and the lowest is $5.73 billion. Union Pacific posted sales of $5.41 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The firm is scheduled to announce its next earnings results on Thursday, October 25th.
According to Zacks, analysts expect that Union Pacific will report full year sales of $22.76 billion for the current financial year, with estimates ranging from $22.60 billion to $22.86 billion. For the next fiscal year, analysts anticipate that the company will post sales of $23.81 billion, with estimates ranging from $23.34 billion to $24.28 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Union Pacific.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 19th. The railroad operator reported $1.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.04. Union Pacific had a net margin of 51.31% and a return on equity of 23.63%. The firm had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter last year, the firm earned $1.45 EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year.
UNP has been the subject of several research analyst reports. Loop Capital upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Bank of America raised their price target on shares of Union Pacific from $158.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. Deutsche Bank lowered shares of Union Pacific from a “buy” rating to a “hold” rating and set a $162.00 price target for the company. in a research note on Tuesday, August 14th. Cowen restated a “hold” rating and set a $151.00 price target on shares of Union Pacific in a research note on Tuesday, September 18th. Finally, Morgan Stanley raised their price target on shares of Union Pacific from $136.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, July 20th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $152.86.
Shares of UNP stock opened at $163.18 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.03 and a debt-to-equity ratio of 1.07. Union Pacific has a 12-month low of $108.71 and a 12-month high of $165.63. The company has a market cap of $122.01 billion, a PE ratio of 28.18, a P/E/G ratio of 1.99 and a beta of 0.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 31st will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, August 30th. Union Pacific’s payout ratio is currently 55.27%.
In related news, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total value of $1,282,034.00. Following the completion of the transaction, the executive vice president now directly owns 53,978 shares in the company, valued at approximately $8,189,542.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in UNP. Janus Henderson Group PLC grew its stake in Union Pacific by 55.7% in the 2nd quarter. Janus Henderson Group PLC now owns 5,526,282 shares of the railroad operator’s stock valued at $782,980,000 after buying an additional 1,977,446 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Union Pacific by 13,209.2% in the 2nd quarter. OppenheimerFunds Inc. now owns 1,922,773 shares of the railroad operator’s stock valued at $272,420,000 after buying an additional 1,908,326 shares in the last quarter. Bank of Montreal Can purchased a new position in Union Pacific in the 2nd quarter valued at approximately $192,080,000. Fred Alger Management Inc. grew its stake in Union Pacific by 89.6% in the 2nd quarter. Fred Alger Management Inc. now owns 2,791,161 shares of the railroad operator’s stock valued at $395,452,000 after buying an additional 1,319,274 shares in the last quarter. Finally, Putnam Investments LLC grew its position in shares of Union Pacific by 44.9% during the 2nd quarter. Putnam Investments LLC now owns 2,554,019 shares of the railroad operator’s stock valued at $361,853,000 after purchasing an additional 791,990 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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