Brokerages expect Union Pacific Co. (NYSE:UNP) to report $5.79 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Union Pacific’s earnings. The highest sales estimate is $5.86 billion and the lowest is $5.73 billion. Union Pacific reported sales of $5.41 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 7%. The company is expected to issue its next earnings results on Thursday, October 25th.
On average, analysts expect that Union Pacific will report full year sales of $22.73 billion for the current year, with estimates ranging from $22.60 billion to $22.86 billion. For the next fiscal year, analysts expect that the firm will post sales of $23.77 billion per share, with estimates ranging from $23.34 billion to $24.06 billion. Zacks’ sales averages 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.65 billion. During the same period in the previous year, the firm posted $1.45 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis.
UNP has been the topic of a number of research reports. Bank of America boosted their target price on shares of Union Pacific from $158.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. Deutsche Bank downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and set a $162.00 target price on the stock. in a report on Tuesday, August 14th. Morgan Stanley boosted their target price on shares of Union Pacific from $136.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, July 20th. ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $147.35.
Union Pacific stock opened at $157.41 on Friday. Union Pacific has a twelve month low of $108.71 and a twelve month high of $157.95. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 1.03. The stock has a market capitalization of $116.09 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 31st will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $0.73. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.03%. 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 dated Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the transaction, the executive vice president now directly owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in UNP. Janus Henderson Group PLC boosted its position 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 during the period. OppenheimerFunds Inc. boosted its position 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 during the period. Bank of Montreal Can purchased a new stake in Union Pacific in the 2nd quarter valued at about $192,080,000. Fred Alger Management Inc. boosted its position 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 during the period. Finally, Putnam Investments LLC boosted its position in Union Pacific by 44.9% in the 2nd quarter. Putnam Investments LLC now owns 2,554,019 shares of the railroad operator’s stock valued at $361,853,000 after buying an additional 791,990 shares during the period. 80.45% of the stock is owned by hedge funds and other institutional investors.
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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