Union Pacific (NYSE:UNP) Posts Earnings Results, Beats Expectations By $0.10 EPS

Union Pacific (NYSE:UNP) announced its earnings results on Thursday. The railroad operator reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.10, Briefing.com reports. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.98 earnings per share.

Shares of UNP opened at $175.30 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. The business’s 50-day moving average is $169.67. Union Pacific has a twelve month low of $128.08 and a twelve month high of $180.02. The firm has a market capitalization of $124.08 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 1.97 and a beta of 1.04.

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a dividend of $0.88 per share. The ex-dividend date was Thursday, May 30th. This represents a $3.52 annualized dividend and a yield of 2.01%. Union Pacific’s payout ratio is currently 44.50%.

Several research analysts recently issued reports on the stock. Sanford C. Bernstein raised shares of Royal Mail from a “market perform” rating to an “outperform” rating in a report on Monday, June 17th. ValuEngine cut shares of United Rentals from a “sell” rating to a “strong sell” rating in a report on Thursday. Cowen reissued a “buy” rating and set a $184.00 price target on shares of Union Pacific in a report on Thursday. Raymond James reissued a “buy” rating on shares of West Fraser Timber in a report on Monday, April 22nd. Finally, Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the stock a “hold” rating in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $178.90.

In related news, Director William J. Delaney III bought 5,000 shares of the stock in a transaction on Monday, May 20th. The shares were bought at an average cost of $174.06 per share, for a total transaction of $870,300.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $870,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $180.01, for a total transaction of $248,413.80. Following the transaction, the executive vice president now owns 94,943 shares in the company, valued at $17,090,689.43. The disclosure for this sale can be found here. Corporate insiders own 9.96% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Citizens Financial Group Inc RI grew its position in Union Pacific by 28.5% during the 4th quarter. Citizens Financial Group Inc RI now owns 73,674 shares of the railroad operator’s stock worth $10,184,000 after acquiring an additional 16,356 shares during the last quarter. Hanson McClain Inc. grew its position in Union Pacific by 9.1% during the 4th quarter. Hanson McClain Inc. now owns 1,485 shares of the railroad operator’s stock worth $205,000 after acquiring an additional 124 shares during the last quarter. TrinityPoint Wealth LLC bought a new position in Union Pacific during the 4th quarter worth approximately $729,000. Bank of Nova Scotia grew its position in Union Pacific by 167.0% during the 4th quarter. Bank of Nova Scotia now owns 629,625 shares of the railroad operator’s stock worth $87,022,000 after acquiring an additional 393,797 shares during the last quarter. Finally, AlphaCrest Capital Management LLC bought a new position in Union Pacific during the 4th quarter worth approximately $530,000. Institutional investors and hedge funds own 78.95% of the company’s stock.

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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Earnings History for Union Pacific (NYSE:UNP)

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