Union Pacific (NYSE:UNP) Issues Earnings Results, Misses Expectations By $0.07 EPS
Union Pacific (NYSE:UNP) released its quarterly earnings data on Thursday. The railroad operator reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.07), Briefing.com reports. The company had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.15 EPS.
Shares of UNP opened at $165.41 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26. The stock has a market cap of $114.94 billion, a P/E ratio of 20.91, a PEG ratio of 1.86 and a beta of 1.07. The company has a 50-day moving average of $162.44 and a two-hundred day moving average of $168.86. Union Pacific has a 12-month low of $128.08 and a 12-month high of $180.54.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were given a dividend of $0.97 per share. 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 2.35%. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s payout ratio is presently 49.05%.
A number of analysts recently commented on the stock. Sanford C. Bernstein set a $177.00 price objective on shares of Union Pacific and gave the stock a “hold” rating in a report on Friday, July 19th. Raymond James set a $197.00 price objective on shares of Union Pacific and gave the stock a “buy” rating in a report on Friday, July 19th. Bank of America decreased their price objective on shares of Union Pacific from $179.00 to $167.00 and set a “neutral” rating on the stock in a report on Tuesday, October 8th. Goldman Sachs Group assumed coverage on shares of Union Pacific in a report on Wednesday, July 10th. They set a “buy” rating and a $198.00 price objective on the stock. Finally, Loop Capital boosted their price objective on shares of Union Pacific to $191.00 in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. Union Pacific currently has an average rating of “Buy” and an average target price of $181.45.
About Union Pacific
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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