FY2024 EPS Estimates for Union Pacific Cut by Zacks Research

Union Pacific Co. (NYSE:UNP) – Investment analysts at Zacks Research lowered their FY2024 earnings estimates for shares of Union Pacific in a research report issued on Thursday, November 14th. Zacks Research analyst R. Department now anticipates that the railroad operator will post earnings per share of $10.93 for the year, down from their previous estimate of $10.97. The consensus estimate for Union Pacific’s current full-year earnings is $10.94 per share. Zacks Research also issued estimates for Union Pacific’s Q4 2024 earnings at $2.75 EPS, Q4 2025 earnings at $3.07 EPS, Q1 2026 earnings at $2.97 EPS, Q2 2026 earnings at $3.05 EPS and FY2026 earnings at $11.63 EPS.

UNP has been the topic of a number of other reports. Susquehanna decreased their price objective on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. Bank of America decreased their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. TD Cowen cut their price target on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Stock Down 0.5 %

NYSE UNP opened at $234.41 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. Union Pacific has a 1-year low of $216.92 and a 1-year high of $258.66. The company has a 50 day moving average of $241.53 and a 200-day moving average of $238.60. The company has a market cap of $142.11 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.33 and a beta of 1.06.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $2.51 earnings per share.

Institutional Investors Weigh In On Union Pacific

Several hedge funds and other institutional investors have recently made changes to their positions in UNP. Fairhaven Wealth Management LLC lifted its stake in shares of Union Pacific by 1.7% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock valued at $584,000 after buying an additional 43 shares in the last quarter. Chesapeake Wealth Management increased its holdings in shares of Union Pacific by 0.5% in the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after buying an additional 43 shares during the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of Union Pacific by 0.5% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock worth $1,897,000 after buying an additional 44 shares during the last quarter. Montecito Bank & Trust grew its holdings in shares of Union Pacific by 0.4% during the 2nd quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator’s stock valued at $2,691,000 after purchasing an additional 45 shares during the last quarter. Finally, Traveka Wealth LLC grew its holdings in shares of Union Pacific by 3.4% during the 3rd quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock valued at $335,000 after purchasing an additional 45 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

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.