Analysts forecast that Union Pacific Corporation (NYSE:UNP) will announce sales of $5.16 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Union Pacific Corporation’s earnings, with estimates ranging from $5.01 billion to $5.29 billion. Union Pacific Corporation reported sales of $4.77 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.2%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, July 20th.
According to Zacks, analysts expect that Union Pacific Corporation will report full-year sales of $5.16 billion for the current fiscal year, with estimates ranging from $20.83 billion to $21.50 billion. For the next financial year, analysts forecast that the company will report sales of $22.05 billion per share, with estimates ranging from $21.60 billion to $22.92 billion. Zacks’ sales averages are a mean average based on a survey of research firms 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. Union Pacific Corporation’s quarterly revenue was up 6.3% compared to the same quarter last year.
Several research firms recently issued reports on UNP. Citigroup Inc. reiterated a “buy” rating and set a $120.00 price target on shares of Union Pacific Corporation in a research report on Monday, July 10th. Cowen and Company raised their target price on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the company a “market perform” rating in a research report on Friday, April 28th. BMO Capital Markets restated a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Tuesday, May 30th. Finally, Credit Suisse Group raised their target price on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $110.04.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of UNP. Dodge & Cox bought a new stake in Union Pacific Corporation during the fourth quarter worth approximately $1,452,729,000. Norges Bank bought a new stake in Union Pacific Corporation during the fourth quarter worth approximately $841,976,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Union Pacific Corporation during the fourth quarter worth approximately $247,486,000. Viking Global Investors LP bought a new stake in Union Pacific Corporation during the fourth quarter worth approximately $217,656,000. Finally, AQR Capital Management LLC boosted its stake in 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 and hedge funds own 79.20% of the company’s stock.
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Union Pacific Corporation (NYSE UNP) traded down 1.29% on Friday, hitting $107.84. 4,192,417 shares of the stock were exchanged. The company has a 50-day moving average price of $109.23 and a 200 day moving average price of $107.94. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $115.15. The company has a market capitalization of $87.07 billion, a PE ratio of 20.61 and a beta of 0.83.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, May 31st were paid a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Friday, May 26th. Union Pacific Corporation’s dividend payout ratio is presently 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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