FY2024 EPS Estimates for Union Pacific Cut by Zacks Research

Union Pacific Co. (NYSE:UNP) – Analysts at Zacks Research lowered their FY2024 earnings per share estimates for Union Pacific in a note issued to investors on Thursday, November 14th. Zacks Research analyst R. Department now forecasts that the railroad operator will post earnings per share of $10.93 for the year, down from their previous forecast 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.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The firm had revenue of $6.09 billion during 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 firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $2.51 EPS.

Several other research firms have also recently commented on UNP. Sanford C. Bernstein reduced their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Citigroup boosted their target price on shares of Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Nine 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Price Performance

Shares of UNP opened at $233.29 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. The stock’s 50 day moving average is $241.14 and its two-hundred day moving average is $238.55. Union Pacific has a twelve month low of $216.92 and a twelve month high of $258.66. The firm has a market capitalization of $141.43 billion, a PE ratio of 21.42, a P/E/G ratio of 2.33 and a beta of 1.06.

Institutional Investors Weigh In On Union Pacific

Hedge funds and other institutional investors have recently modified their holdings of the company. Cultivar Capital Inc. purchased a new stake in Union Pacific in the 2nd quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Union Pacific in the second quarter valued at $28,000. Financial Gravity Asset Management Inc. increased its stake in Union Pacific by 3,250.0% in the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Union Pacific in the 3rd quarter worth about $30,000. Finally, Fairscale Capital LLC purchased a new stake in Union Pacific in the 2nd quarter valued at about $31,000. 80.38% 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 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.