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Union Pacific (UNP) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2024-10-21 16:45
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed b ...
Wall Street's Insights Into Key Metrics Ahead of Union Pacific (UNP) Q3 Earnings
ZACKS· 2024-10-21 14:21
Analysts on Wall Street project that Union Pacific (UNP) will announce quarterly earnings of $2.76 per share in its forthcoming report, representing an increase of 10% year over year. Revenues are projected to reach $6.19 billion, increasing 4.2% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this peri ...
What's in the Offing for Union Pacific in Third-Quarter Earnings?
ZACKS· 2024-10-21 13:35
Core Insights - Union Pacific Corporation (UNP) is set to report its third-quarter 2024 results on October 24, with earnings per share (EPS) estimates revised down by 0.4% to $2.76, while revenue estimates stand at $6.19 billion, reflecting a 4.2% year-over-year growth [1] Financial Performance Expectations - The freight market downturn and a softening consumer market are expected to adversely impact UNP's performance, with freight revenues estimated at $5.7 billion, remaining flat compared to the second quarter of 2024 [1] - Improved operational efficiency, core pricing gains, and intermodal equipment sales are anticipated to benefit UNP's financial prospects, with adjusted operating expenses expected to decline by 2% from the third quarter of 2023 [2] - The operating ratio for the third quarter of 2024 is estimated at 60.3%, an improvement from 63.4% reported in the same quarter of 2023, indicating better cost management [2] Earnings Prediction Model - The current model does not predict a definitive earnings beat for UNP, with an Earnings ESP of -0.20% and a Zacks Rank of 3 (Hold), suggesting lower odds for an earnings surprise [3] Recent Performance Highlights - In the second quarter of 2024, UNP reported earnings of $2.74 per share, surpassing the Zacks Consensus Estimate of $2.70, marking a 6.61% year-over-year improvement [4] - Operating revenues for the second quarter were $6 billion, slightly missing the Zacks Consensus Estimate of $6.06 billion, but showing a 0.74% year-over-year increase due to core pricing gains [4]
Union Pacific (UNP) Could Be a Great Choice
ZACKS· 2024-10-04 16:46
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend ...
Betting Big On Union Pacific: The Railroad King Of Dividend Growth
Seeking Alpha· 2024-09-27 19:46
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . It's time to talk about one of my favorite dividend stocks. That company is Union Pacific (NYSE: UNP ) , one of the companies included in a recent article titled "The Ultimate 5: My Highest-Conviction Dividend Stocks." Analyst's Disclosure: I/we have a beneficial long position ...
Myriad Uranium Announces Additional Historical Grade Intervals and New Insights from the Copper Mountain Uranium Project, Wyoming, USA
Newsfile· 2024-09-23 11:30
. . | --- | --- | |----------------------------------------|-------| | | | | Mountain Uranium Project, Wyoming, USA | | September 23, 2024 7:30 AM EDT | Source: Myriad Uranium Corp. Myriad Uranium holds a 75% earnable interest in the Copper Mountain Uranium Project which saw C$117m (2024$) in exploration and development expenditures by Union Pacific during the 1970s. Union Pacific drilled approximately 2,000 boreholes, discovered 7 historical uranium deposits, and developed a 6-pit mine plan at Copper Mount ...
Union Pacific Issues Bullish Views on Operating Ratio & Revenue Growth
ZACKS· 2024-09-20 13:25
Union Pacific Corporation (UNP) issued a regulatory filing ahead of its investor day event on Sept. 19. In the filing, management stated that the company expects its revenues (excluding those from fuel surcharge) to grow faster than volumes (excluding coal) in the next three years, outpacing the markets served by the railroad operator. UNP expects to maintain an industry-leading operating ratio (operating expenses as a % of revenues) in the next three years with the help of high revenues. We should note tha ...
Myriad Uranium Reports on Recent Ground Magnetometer Survey at the Copper Mountain Uranium Project, Wyoming
Newsfile· 2024-09-09 11:30
Core Insights - Myriad Uranium Corp. is advancing its exploration efforts at the Copper Mountain Uranium Project, focusing on the Canning Deposit, which has significant historical uranium resource estimates [8][24] - The company has completed a high-resolution ground magnetometer survey that revealed previously unknown magnetic lows potentially related to uranium mineralization, and plans to commence drilling soon [7][9][10] Group 1: Project Overview - Myriad holds a 75% earnable interest in the Copper Mountain Uranium Project, which underwent approximately US$78 million in exploration and development expenditures by Union Pacific during the 1970s [3][24] - Union Pacific drilled over 2,000 boreholes and discovered 7 uranium deposits at Copper Mountain, with estimated resources between 15.7 and 30.1 million pounds of U3O8 [4][24] - The Canning Deposit is the largest historical estimate at Copper Mountain, containing between 8.79 and 19 million pounds of U3O8, and Myriad intends to focus its initial exploration efforts there [5][24] Group 2: Exploration Activities - The recent ground magnetometer survey covered approximately 571 acres and is part of Myriad's maiden 2024 exploration program, with drilling anticipated to start in the coming weeks [8][12] - The survey results are being integrated with historical drilling data to optimize the upcoming drilling strategy, targeting high-grade zones and deeper structures [7][10][11] - Myriad's exploration program aims to convert historical uranium resources into current categories under National Instrument 43-101, leveraging modern analysis techniques [10][11] Group 3: Historical Estimates and Data Interpretation - Historical estimates from Union Pacific are considered relevant but not current under NI 43-101, and Myriad is cautious about relying on these estimates as indicators of current resources [6][18] - The magnetometer survey has improved the understanding of the geological structures believed to control mineralization, indicating potential for higher grades at greater depths than previously explored [15][17] - The company plans to verify historical estimates through digitization of available data, re-logging, and re-drilling to establish current mineral resources [20][22]
Why Union Pacific (UNP) is a Great Dividend Stock Right Now
ZACKS· 2024-09-02 16:46
Company Overview - Union Pacific (UNP) is based in Omaha and operates in the Transportation sector, with a year-to-date share price change of 4.26% [3] Dividend Information - Union Pacific currently pays a dividend of $1.34 per share, resulting in a dividend yield of 2.09%, which is higher than the Transportation - Rail industry's yield of 1.42% and the S&P 500's yield of 1.54% [3] - The company's annualized dividend of $5.36 has increased by 3.1% from the previous year, and over the last five years, it has raised its dividend three times, averaging an annual increase of 8.85% [4] - The current payout ratio for Union Pacific is 49%, indicating that it pays out 49% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2024, the Zacks Consensus Estimate for Union Pacific's earnings is $11.11 per share, reflecting a year-over-year growth rate of 6.32% [5] Investment Considerations - Union Pacific is considered a compelling investment opportunity due to its strong dividend performance and current Zacks Rank of 3 (Hold) [7]
Here's Why You Should Retain Union Pacific Stock for Now
ZACKS· 2024-08-30 13:36
Core Insights - Union Pacific's (UNP) cost-cutting measures are positively impacting its financial performance, although the freight market downturn is a significant challenge [1][6] - The company is committed to shareholder returns through dividends and share repurchases, with a recent announcement of a 3% quarterly dividend increase [2][3] Financial Performance - Core pricing gains, improved operational efficiency, and the sale of intermodal equipment are enhancing Union Pacific's financial results [2] - In Q2 2024, UNP reported a 4% year-over-year decrease in operating expenses to $3.6 billion, driven by productivity improvements and a 6% reduction in compensation and benefits expenses due to a 5% decrease in headcount [4] - The company plans to repurchase approximately $1.5 billion in shares by the end of 2024, having already bought back over $100 million in shares in the latter part of Q2 2024 [3][2] Liquidity Position - Union Pacific's liquidity is strong, with a current ratio of 1.05 at the end of Q2 2024, up from 0.81 at the end of 2023, and cash and cash equivalents of $1.15 billion against a current debt load of $727 million [5] Market Performance - Shares of Union Pacific have increased by 13.6% over the past year, outperforming the industry growth of 9.9% during the same period [6]