Union Pacific (NYSE:UNP) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Union Pacific (NYSE:UNP) announced its earnings results on Thursday. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.76 by ($0.01), Briefing.com reports. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same period in the prior year, the company earned $2.51 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis.

Union Pacific Stock Performance

Shares of UNP stock opened at $230.30 on Friday. The company has a market capitalization of $140.30 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.23 and a beta of 1.05. The business’s 50 day moving average is $246.02 and its two-hundred day moving average is $238.48. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. Union Pacific has a 12-month low of $199.97 and a 12-month high of $258.66.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Susquehanna reduced their target price on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday. Wells Fargo & Company dropped their price target on Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Benchmark reiterated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research note on Friday. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $259.15.

Insiders Place Their Bets

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by company insiders.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.