Seaport Global Securities Comments on Union Pacific Co.’s Q2 2018 Earnings (UNP)

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Union Pacific Co. (NYSE:UNP) – Stock analysts at Seaport Global Securities increased their Q2 2018 earnings per share (EPS) estimates for shares of Union Pacific in a research note issued to investors on Friday, June 22nd. Seaport Global Securities analyst M. Levin now forecasts that the railroad operator will post earnings per share of $1.96 for the quarter, up from their previous estimate of $1.94. Seaport Global Securities also issued estimates for Union Pacific’s FY2018 earnings at $7.65 EPS, FY2019 earnings at $8.80 EPS and FY2020 earnings at $10.10 EPS.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 26th. The railroad operator reported $1.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.02. Union Pacific had a return on equity of 22.16% and a net margin of 50.73%. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the prior year, the company earned $1.32 EPS. The company’s revenue was up 6.7% on a year-over-year basis.

A number of other equities analysts also recently commented on UNP. Stifel Nicolaus set a $151.00 price objective on shares of Union Pacific and gave the stock a “hold” rating in a research note on Thursday, May 24th. Loop Capital increased their price objective on shares of Union Pacific to $153.00 and gave the stock a “hold” rating in a research note on Friday, June 1st. BMO Capital Markets increased their price objective on shares of Union Pacific from $158.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, June 1st. Robert W. Baird restated a “hold” rating and set a $148.00 price objective on shares of Union Pacific in a research note on Tuesday, April 10th. Finally, ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $146.70.

Union Pacific stock opened at $141.26 on Monday. Union Pacific has a one year low of $101.06 and a one year high of $148.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market cap of $110.88 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 1.77 and a beta of 0.80.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 31st will be issued a $0.73 dividend. The ex-dividend date is Wednesday, May 30th. This represents a $2.92 annualized dividend and a yield of 2.07%. Union Pacific’s dividend payout ratio is currently 50.43%.

In other Union Pacific news, EVP Elizabeth F. Whited sold 15,576 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 65,613 shares of the company’s stock, valued at approximately $8,778,363.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. AMI Investment Management Inc. bought a new position in shares of Union Pacific during the fourth quarter worth approximately $204,000. Congress Asset Management Co. MA increased its holdings in shares of Union Pacific by 4.8% during the fourth quarter. Congress Asset Management Co. MA now owns 46,742 shares of the railroad operator’s stock worth $6,268,000 after purchasing an additional 2,132 shares during the period. Headinvest LLC bought a new position in shares of Union Pacific during the fourth quarter worth approximately $228,000. Weatherly Asset Management L. P. bought a new position in shares of Union Pacific during the fourth quarter worth approximately $213,000. Finally, Northwest Wealth Management LLC bought a new position in shares of Union Pacific during the fourth quarter worth approximately $557,000. 78.75% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

Earnings History and Estimates for Union Pacific (NYSE:UNP)

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