Wall Street brokerages expect Union Pacific Co. (NYSE:UNP) to announce $5.82 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Union Pacific’s earnings, with estimates ranging from $5.68 billion to $5.92 billion. Union Pacific posted sales of $5.93 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 1.9%. The business is scheduled to report its next earnings results on Thursday, October 24th.
On average, analysts expect that Union Pacific will report full year sales of $22.56 billion for the current fiscal year, with estimates ranging from $22.32 billion to $22.78 billion. For the next financial year, analysts anticipate that the company will post sales of $23.52 billion, with estimates ranging from $22.85 billion to $23.94 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Union Pacific.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.10. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the previous year, the company earned $1.98 EPS. The business’s revenue was down 1.3% on a year-over-year basis.
A number of research analysts recently commented on the company. Credit Suisse Group set a $203.00 price target on Union Pacific and gave the company a “buy” rating in a research note on Friday, July 19th. Cascend Securities downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. ValuEngine lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $190.00 to $170.00 in a report on Thursday, June 13th. Finally, Cowen reiterated a “buy” rating and issued a $184.00 target price on shares of Union Pacific in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. Union Pacific presently has a consensus rating of “Buy” and a consensus target price of $183.62.
Shares of NYSE UNP traded down $0.27 during midday trading on Friday, reaching $167.30. The company’s stock had a trading volume of 2,589,259 shares, compared to its average volume of 3,567,691. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.72. The company has a market cap of $117.04 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.85 and a beta of 1.06. The business’s 50 day moving average price is $167.15 and its two-hundred day moving average price is $169.40. Union Pacific has a fifty-two week low of $128.08 and a fifty-two week high of $180.54.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s payout ratio is 49.05%.
In other news, EVP Robert M. Knight, Jr. sold 8,620 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the transaction, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.96% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UNP. Camarda Financial Advisors LLC increased its position in Union Pacific by 673.7% in the first quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock worth $25,000 after buying an additional 128 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Union Pacific during the 2nd quarter valued at about $25,000. Squar Milner Financial Services LLC lifted its position in shares of Union Pacific by 368.6% during the 1st quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock valued at $27,000 after buying an additional 129 shares in the last quarter. Mackey Komara & Dankovich LLC bought a new position in shares of Union Pacific during the 1st quarter valued at approximately $29,000. Finally, River & Mercantile Asset Management LLP bought a new position in shares of Union Pacific during the 2nd quarter valued at approximately $29,000. 78.35% 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, 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.
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