$5.36 Billion in Sales Expected for Union Pacific Corporation (UNP) This Quarter
Equities analysts expect Union Pacific Corporation (NYSE:UNP) to report $5.36 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Union Pacific Corporation’s earnings. The lowest sales estimate is $5.26 billion and the highest is $5.42 billion. Union Pacific Corporation posted sales of $5.17 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.7%. The company is expected to issue its next quarterly earnings report on Thursday, October 19th.
On average, analysts expect that Union Pacific Corporation will report full-year sales of $5.36 billion for the current year, with estimates ranging from $20.90 billion to $21.20 billion. For the next fiscal year, analysts anticipate that the company will report sales of $21.92 billion per share, with estimates ranging from $21.51 billion to $22.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Union Pacific Corporation.
Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 earnings per share.
Several equities research analysts have commented on UNP shares. Citigroup Inc. restated a “buy” rating and set a $120.00 target price on shares of Union Pacific Corporation in a research report on Monday, July 10th. Morgan Stanley restated an “overweight” rating and set a $102.00 target price (up from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. Zacks Investment Research lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. BMO Capital Markets restated a “buy” rating and set a $123.00 target price on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Finally, Cowen and Company boosted their target price on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. Union Pacific Corporation currently has an average rating of “Hold” and a consensus target price of $112.20.
Union Pacific Corporation (NYSE:UNP) opened at 102.48 on Monday. 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 $82.02 billion, a P/E ratio of 18.59 and a beta of 0.81. The firm’s 50-day moving average is $107.61 and its 200 day moving average is $107.96.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is 43.84%.
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In related news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the transaction, the executive vice president now owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in UNP. Macquarie Group Ltd. increased its position in shares of Union Pacific Corporation by 7.7% in the fourth quarter. Macquarie Group Ltd. now owns 427,345 shares of the railroad operator’s stock valued at $44,307,000 after buying an additional 30,490 shares during the last quarter. Philadelphia Trust Co. increased its position in shares of Union Pacific Corporation by 3.0% in the fourth quarter. Philadelphia Trust Co. now owns 3,434 shares of the railroad operator’s stock valued at $356,000 after buying an additional 100 shares during the last quarter. Searle & CO. purchased a new position in shares of Union Pacific Corporation during the fourth quarter valued at $965,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Union Pacific Corporation during the fourth quarter valued at $2,766,000. Finally, Kentucky Retirement Systems purchased a new position in shares of Union Pacific Corporation during the fourth quarter valued at $6,200,000. 79.97% of the stock is owned by hedge funds and other institutional investors.
Union Pacific Corporation Company Profile
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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