Union Pacific Corporation (UNP) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $1.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.16. The company posted revenue of $4770.00 million in the period, compared to analysts expectations of $4784.60 million. The company’s revenue was down -12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS.
Many Wall Street Analysts have commented on Union Pacific Corporation. Deutsche Bank Downgraded Union Pacific Corporation on Jul 20, 2016 to ” Hold”, Price Target of the shares are set at $94.Morgan Stanley Upgraded Union Pacific Corporation on Jun 3, 2016 to ” Overweight”, Price Target of the shares are set at $90.Union Pacific Corporation was Initiated by Credit Agricole to “Sell” on May 19, 2016.
Union Pacific Corporation opened for trading at $92.73 and hit $94.32 on the upside on Wednesday, eventually ending the session at $94.12, with a gain of 0.18% or 0.17 points. The heightened volatility saw the trading volume jump to 42,45,006 shares. Company has a market cap of $79,158 M.
In a different news, on Jun 6, 2016, Diane K Duren (EVP & CORPORATE SECRETARY) sold 2,500 shares at $85.46 per share price. According to the SEC, on Mar 14, 2016, Richards Judith Hope (director) sold 4,000 shares at $81.15 per share price. On Feb 25, 2016, Andrew H Jr Card (director) purchased 1,000 shares at $78.98 per share price, according to the Form-4 filing with the securities and exchange commission.
Union Pacific Corporation operates through its principal operating company Union Pacific Railroad Company. The Company is a Class I railroad operating in the United States which has 31974 route miles and maintains coordinated schedules with other rail carriers to move freight. It links 23 states in the western two-thirds of the country by rail providing a supply chain link around the world. Its business mix includes agricultural products automotive chemicals coal industrial products and intermodal. The Company serves United States population centers operates from West Coast and Gulf Coast ports to eastern gateways connects with Canada’s rail systems and serves six Mexico gateways. The Company’s freight traffic consists of bulk manifest and premium business.