Union Pacific Co. (NYSE:UNP) – Equities research analysts at Seaport Global Securities lowered their FY2019 earnings per share (EPS) estimates for shares of Union Pacific in a research note issued to investors on Friday, October 18th. Seaport Global Securities analyst M. Levin now anticipates that the railroad operator will post earnings per share of $8.55 for the year, down from their prior forecast of $8.85. Seaport Global Securities also issued estimates for Union Pacific’s Q4 2019 earnings at $2.18 EPS, FY2020 earnings at $9.65 EPS and FY2021 earnings at $10.90 EPS.
Other research analysts have also issued research reports about the company. Goldman Sachs Group initiated coverage on Union Pacific in a research report on Wednesday, July 10th. They set a “buy” rating and a $198.00 target price on the stock. Raymond James set a $197.00 target price on Union Pacific and gave the company a “buy” rating in a research report on Friday, July 19th. Morgan Stanley decreased their target price on Union Pacific from $138.00 to $136.00 and set an “underweight” rating on the stock in a research report on Friday, October 18th. TD Securities decreased their target price on Union Pacific from $175.00 to $170.00 and set a “hold” rating on the stock in a research report on Friday, October 18th. Finally, Sanford C. Bernstein set a $177.00 target price on Union Pacific and gave the company a “hold” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $179.50.
Shares of NYSE:UNP opened at $170.77 on Monday. Union Pacific has a 1 year low of $128.08 and a 1 year high of $180.54. The firm has a market capitalization of $112.11 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.89 and a quick ratio of 0.72. The business’s 50 day moving average price is $162.75 and its 200-day moving average price is $168.74.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 17th. The railroad operator reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.07). Union Pacific had a return on equity of 32.65% and a net margin of 27.28%. The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the business earned $2.15 EPS. Union Pacific’s revenue for the quarter was down 7.0% compared to the same quarter last year.
A number of hedge funds have recently made changes to their positions in UNP. Janney Montgomery Scott LLC raised its holdings in shares of Union Pacific by 13.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 135,942 shares of the railroad operator’s stock worth $22,989,000 after acquiring an additional 16,477 shares during the period. First Foundation Advisors raised its holdings in shares of Union Pacific by 164.1% during the 2nd quarter. First Foundation Advisors now owns 5,237 shares of the railroad operator’s stock worth $886,000 after acquiring an additional 3,254 shares during the period. Dakota Wealth Management raised its holdings in shares of Union Pacific by 51.6% during the 2nd quarter. Dakota Wealth Management now owns 6,875 shares of the railroad operator’s stock worth $1,163,000 after acquiring an additional 2,340 shares during the period. Edgestream Partners L.P. raised its holdings in shares of Union Pacific by 666.8% during the 2nd quarter. Edgestream Partners L.P. now owns 88,678 shares of the railroad operator’s stock worth $14,996,000 after acquiring an additional 77,113 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Union Pacific during the 2nd quarter worth $2,092,000. Institutional investors own 77.81% of the company’s stock.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total value of $1,551,944.80. Following the transaction, the executive vice president now owns 94,943 shares in the company, valued at approximately $17,093,537.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.96% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were issued a $0.97 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $3.88 dividend on an annualized basis and a yield of 2.27%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio (DPR) is presently 49.05%.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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