Union Pacific (UNP) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Union Pacific (NYSE:UNP) issued its quarterly earnings data on Thursday. The railroad operator reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.02, Bloomberg Earnings reports. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. Union Pacific’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.32 earnings per share.

Union Pacific stock traded down $3.22 during trading on Thursday, hitting $132.84. The company’s stock had a trading volume of 6,443,240 shares, compared to its average volume of 5,046,983. The firm has a market capitalization of $103,515.09, a P/E ratio of 23.05, a PEG ratio of 1.65 and a beta of 0.79. Union Pacific has a 1-year low of $101.06 and a 1-year high of $143.05. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.65.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Wednesday, February 28th were paid a $0.73 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a yield of 2.20%. The ex-dividend date was Tuesday, February 27th. Union Pacific’s dividend payout ratio is presently 50.43%.



Several equities analysts recently issued reports on the company. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Monday, January 15th. Scotiabank set a $150.00 price objective on Union Pacific and gave the stock a “hold” rating in a report on Thursday, January 11th. Daiwa Capital Markets raised Union Pacific from a “hold” rating to an “outperform” rating in a report on Thursday, January 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a report on Monday, January 8th. Finally, UBS raised Union Pacific from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $138.95.

In related news, CFO Robert M. Knight, Jr. sold 25,000 shares of the company’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $137.39, for a total value of $3,434,750.00. Following the completion of the transaction, the chief financial officer now directly owns 106,518 shares in the company, valued at $14,634,508.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth F. Whited sold 15,576 shares of the company’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $133.79, for a total value of $2,083,913.04. Following the completion of the transaction, the executive vice president now owns 65,613 shares of the company’s stock, valued at $8,778,363.27. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. 1st Global Advisors Inc. grew its position in Union Pacific by 10.5% during the second quarter. 1st Global Advisors Inc. now owns 4,188 shares of the railroad operator’s stock valued at $456,000 after acquiring an additional 397 shares during the period. Verition Fund Management LLC grew its position in Union Pacific by 139.8% during the second quarter. Verition Fund Management LLC now owns 25,657 shares of the railroad operator’s stock valued at $2,794,000 after acquiring an additional 14,959 shares during the period. National Asset Management Inc. grew its position in Union Pacific by 1.0% during the second quarter. National Asset Management Inc. now owns 11,278 shares of the railroad operator’s stock valued at $1,230,000 after acquiring an additional 108 shares during the period. Kingfisher Capital LLC grew its position in Union Pacific by 1.5% during the second quarter. Kingfisher Capital LLC now owns 12,897 shares of the railroad operator’s stock valued at $1,405,000 after acquiring an additional 186 shares during the period. Finally, BB&T Investment Services Inc. purchased a new stake in Union Pacific during the second quarter valued at about $289,000. Hedge funds and other institutional investors own 79.81% of the company’s stock.

About Union Pacific

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.

Earnings History for Union Pacific (NYSE:UNP)

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