Brokerages forecast that Union Pacific Corporation (NYSE:UNP) will post earnings of $1.37 per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Union Pacific Corporation’s earnings, with estimates ranging from $1.32 to $1.40. Union Pacific Corporation reported earnings of $1.17 per share during the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, July 20th.
According to Zacks, analysts expect that Union Pacific Corporation will report full year earnings of $5.74 per share for the current fiscal year, with EPS estimates ranging from $5.64 to $5.82. For the next fiscal year, analysts forecast that the firm will post earnings of $6.38 per share, with EPS estimates ranging from $6.14 to $6.65. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Union Pacific Corporation.
Union Pacific Corporation (NYSE:UNP) last posted its earnings results on Thursday, April 27th. The railroad operator reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.09. Union Pacific Corporation had a net margin of 21.37% and a return on equity of 21.53%. The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the firm posted $1.16 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis.
A number of brokerages have weighed in on UNP. Cowen and Company upped their price target on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the company a “market perform” rating in a report on Friday, April 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $116.00 price objective on shares of Union Pacific Corporation in a research note on Friday, June 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $123.00 price objective on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Tuesday, May 30th. Finally, Credit Suisse Group upped their price objective on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, May 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Union Pacific Corporation has an average rating of “Buy” and a consensus target price of $110.04.
In other news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the sale, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Dodge & Cox acquired a new stake in shares of Union Pacific Corporation during the fourth quarter worth $1,452,729,000. Norges Bank purchased a new stake in shares of Union Pacific Corporation during the fourth quarter worth approximately $841,976,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Union Pacific Corporation during the fourth quarter worth approximately $247,486,000. Viking Global Investors LP purchased a new stake in shares of Union Pacific Corporation during the fourth quarter worth approximately $217,656,000. Finally, AQR Capital Management LLC raised its stake in shares of Union Pacific Corporation by 212.5% in the first quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock worth $252,911,000 after buying an additional 1,623,701 shares during the last quarter. Institutional investors own 79.20% of the company’s stock.
Union Pacific Corporation (UNP) traded down 0.4496% during trading on Friday, reaching $109.0376. 1,740,641 shares of the company’s stock traded hands. Union Pacific Corporation has a 12 month low of $87.06 and a 12 month high of $115.15. The stock has a market capitalization of $88.04 billion, a P/E ratio of 20.8405 and a beta of 0.83. The company has a 50-day moving average of $109.35 and a 200 day moving average of $107.49.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st were paid a dividend of $0.605 per share. The ex-dividend date of this dividend was Friday, May 26th. This represents a $2.42 annualized dividend and a yield of 2.21%. Union Pacific Corporation’s dividend payout ratio is currently 46.18%.
About Union Pacific Corporation
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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