Wall Street brokerages predict that Union Pacific Co. (NYSE:UNP) will post $4.41 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Union Pacific’s earnings, with the lowest sales estimate coming in at $4.27 billion and the highest estimate coming in at $4.47 billion. Union Pacific posted sales of $5.60 billion in the same quarter last year, which would indicate a negative year over year growth rate of 21.3%. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, July 23rd.
According to Zacks, analysts expect that Union Pacific will report full year sales of $19.69 billion for the current year, with estimates ranging from $18.64 billion to $20.12 billion. For the next fiscal year, analysts expect that the company will report sales of $21.01 billion, with estimates ranging from $19.73 billion to $21.61 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Union Pacific.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.25. Union Pacific had a return on equity of 34.15% and a net margin of 27.85%. The business had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the company posted $1.93 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis.
UNP has been the subject of a number of analyst reports. Wells Fargo & Co boosted their price objective on Union Pacific from $154.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. BMO Capital Markets boosted their price objective on Union Pacific from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Stifel Nicolaus boosted their price objective on Union Pacific from $144.00 to $157.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Susquehanna Bancshares lowered their price objective on Union Pacific from $215.00 to $169.00 and set a “positive” rating for the company in a research report on Wednesday, April 8th. Finally, UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $156.00 to $181.00 in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $174.42.
Hedge funds have recently bought and sold shares of the company. Prestige Wealth Management Group LLC acquired a new stake in shares of Union Pacific in the first quarter valued at about $32,000. Royal Fund Management LLC acquired a new stake in shares of Union Pacific in the first quarter valued at about $35,000. Westside Investment Management Inc. acquired a new stake in shares of Union Pacific in the first quarter valued at about $37,000. Simon Quick Advisors LLC grew its stake in shares of Union Pacific by 90.5% in the first quarter. Simon Quick Advisors LLC now owns 360 shares of the railroad operator’s stock valued at $51,000 after buying an additional 171 shares in the last quarter. Finally, 1776 Wealth LLC grew its stake in Union Pacific by 23.0% during the 1st quarter. 1776 Wealth LLC now owns 390 shares of the railroad operator’s stock valued at $55,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 79.00% of the company’s stock.
Shares of Union Pacific stock traded up $2.20 on Wednesday, reaching $169.08. 2,270,806 shares of the company were exchanged, compared to its average volume of 3,896,309. Union Pacific has a 1-year low of $105.08 and a 1-year high of $188.96. The company has a market cap of $114.73 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.06. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.82 and a quick ratio of 0.67. The stock’s 50 day moving average price is $167.90 and its 200-day moving average price is $164.91.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a $0.97 dividend. The ex-dividend date was Thursday, May 28th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.29%. Union Pacific’s dividend payout ratio (DPR) is currently 46.30%.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
Recommended Story: What are the economic characteristics of a bear market?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.