Union Pacific Corp. (UNP) Issues Q3 Earnings Guidance
Union Pacific Corp. (NYSE:UNP) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.45-2.48 for the period, compared to the Thomson Reuters consensus estimate of $2.56, StockRatingsNetwork.com reports.
Several analysts have recently commented on the stock. Analysts at Sanford C. Bernstein raised their price target on shares of Union Pacific Corp. (NYSE:UNP) from $158.00 to $167.00 in a research note to investors on Wednesday. They now have a market perform rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Union Pacific Corp. (NYSE:UNP) in a research note to investors on Friday, August 30th. They now have a $162.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Union Pacific Corp. (NYSE:UNP) from $165.00 to $180.00 in a research note to investors on Monday, July 29th. They now have an outperform rating on the stock. Fourteen research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Union Pacific Corp. currently has a consensus rating of Hold and a consensus price target of $143.48.
Shares of Union Pacific Corp. (NYSE:UNP) traded down 0.48% during mid-day trading on Thursday, hitting $155.38. The stock had a trading volume of 1,853,916 shares. Union Pacific Corp. has a 1-year low of $116.06 and a 1-year high of $165.18. The stock’s 50-day moving average is $156.6 and its 200-day moving average is $153.4. The company has a market cap of $72.072 billion and a P/E ratio of 17.78.
Union Pacific Corp. (NYSE:UNP) last released its earnings data on Thursday, July 18th. The company reported $2.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.35 by $0.02. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter last year, the company posted $2.10 earnings per share. Union Pacific Corp.’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Union Pacific Corp. will post $9.52 earnings per share for the current fiscal year.
Union Pacific Corporation (NYSE:UNP) owns transportation companies.
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