Q3 2016 EPS Estimates for Union Pacific Corp. (UNP) Cut by Oppenheimer Holdings
Union Pacific Corp. (NYSE:UNP) – Stock analysts at Oppenheimer Holdings lowered their Q3 2016 earnings estimates for Union Pacific Corp. in a report issued on Friday. Oppenheimer Holdings analyst S. Schneeberger now anticipates that the firm will post earnings per share of $1.39 for the quarter, down from their prior forecast of $1.40. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Union Pacific Corp.’s Q4 2016 earnings at $1.34 EPS and FY2016 earnings at $5.06 EPS.
Union Pacific Corp. (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 21st. The railroad operator reported $1.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.17. The business earned $4.77 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Union Pacific Corp. had a return on equity of 21.29% and a net margin of 21.48%. The business’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS.
UNP has been the subject of several other reports. Credit Suisse Group AG reiterated a “buy” rating and issued a $106.00 target price on shares of Union Pacific Corp. in a research note on Tuesday, September 13th. Zacks Investment Research upgraded Union Pacific Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Vetr lowered Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $89.88 target price for the company. in a research note on Wednesday, September 21st. Barclays PLC upped their target price on Union Pacific Corp. from $91.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, September 12th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $94.00 target price on shares of Union Pacific Corp. in a research note on Sunday, August 21st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $96.12.
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Shares of Union Pacific Corp. (NYSE:UNP) opened at 98.07 on Monday. The stock’s 50 day moving average price is $95.28 and its 200 day moving average price is $88.93. Union Pacific Corp. has a 12 month low of $67.06 and a 12 month high of $98.84. The firm has a market cap of $81.68 billion, a price-to-earnings ratio of 19.09 and a beta of 0.84.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Monday, August 29th. Union Pacific Corp.’s dividend payout ratio is currently 42.80%.
In related news, EVP Robert M. Knight, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $95.24, for a total value of $952,400.00. Following the sale, the executive vice president now directly owns 150,660 shares in the company, valued at approximately $14,348,858.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $97.00, for a total value of $485,000.00. Following the completion of the sale, the executive vice president now owns 150,660 shares in the company, valued at $14,614,020. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Delphi Private Advisors LLC boosted its stake in Union Pacific Corp. by 0.8% in the second quarter. Delphi Private Advisors LLC now owns 1,547 shares of the railroad operator’s stock valued at $135,000 after buying an additional 13 shares in the last quarter. Motco boosted its stake in Union Pacific Corp. by 1.2% in the second quarter. Motco now owns 1,731 shares of the railroad operator’s stock valued at $151,000 after buying an additional 21 shares in the last quarter. MCF Advisors LLC boosted its stake in Union Pacific Corp. by 1.2% in the second quarter. MCF Advisors LLC now owns 1,782 shares of the railroad operator’s stock valued at $155,000 after buying an additional 21 shares in the last quarter. Blue Chip Partners Inc. boosted its stake in Union Pacific Corp. by 0.3% in the second quarter. Blue Chip Partners Inc. now owns 7,678 shares of the railroad operator’s stock valued at $670,000 after buying an additional 24 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. boosted its stake in Union Pacific Corp. by 0.3% in the second quarter. Stock Yards Bank & Trust Co. now owns 8,335 shares of the railroad operator’s stock valued at $727,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 78.14% of the company’s stock.
Union Pacific Corp. Company Profile
Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.
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