|Bid||0.00 x 900|
|Ask||178.73 x 900|
|Day's range||174.09 - 176.20|
|52-week range||128.08 - 180.54|
|Beta (3Y monthly)||1.06|
|PE ratio (TTM)||20.60|
|Earnings date||22 Jan 2020 - 27 Jan 2020|
|Forward dividend & yield||3.88 (2.21%)|
|1y target est||180.08|
We are positive about Kansas City Southern's (KSU) decision to hike its quarterly dividend. The company's cost management also bodes well.
FedEx (FDX) and UPS (UPS) stocks fell drastically on Thursday due to renewed trade war concerns. China is concerned about reaching a trade deal with the US.
Let's talk about the popular Union Pacific Corporation (NYSE:UNP). The company's shares saw a double-digit share price...
Sluggish freight volumes ail Union Pacific's (UNP) third-quarter 2019 results. However, improvement in the operating ratio is a positive.
Housing Starts and Building Permits, a fresh Philly Fed survey and, of course, new Initial and Continuing Jobless Claims add to new Q3 earnings data.
(Bloomberg Opinion) -- Honeywell International Inc.’s aerospace halo is worth its weight in jet fuel.The $120 billion conglomerate reported its third-quarter results on Thursday, and while there was evidence of the slowdown gripping the rest of the manufacturing industry, there was also proof that everything that’s made Honeywell an industrial darling of Wall Street this past year still holds true. On the one hand, Honeywell cut its 2019 sales outlook. Revenue at its safety and productivity unit slumped 8% in the third quarter, excluding the impact of currency swings and M&A, as inventory piled up and projects got pushed out. Offsetting that bleak result was Honeywell’s aerospace division, which delivered robust 10% organic revenue growth. And Honeywell raised its 2019 earnings forecast.So in the end, what could have been an ugly earnings day for Honeywell ended up eliciting a polite clap. As trading began in New York, the stock was up about 1%.For Honeywell and other industrial companies, aerospace has been a rare bright spot at a time when many other sectors, particularly automotive, electronics and increasingly construction-related businesses, are slowing down. The decline appears to be accelerating: railroad Union Pacific Corp. on Thursday reported an 8% slump in carload volumes in the third quarter while construction-rental equipment company United Rentals Inc. trimmed its revenue guidance late Wednesday. Meanwhile, a report from the Federal Reserve on Thursday showed that U.S. factory output declined in September by the most in five months as a strike at General Motors Co., the trade war and generally sluggish demand weighed on production.The sustainability of the years-long aerospace boom has come into question as a wobbling Chinese economy and the prolonged trade war risk damping demand for travel. Global passenger traffic grew 3.8% in August, well off the pace of the past few years, according to the International Air Transport Association. But that’s still growth, at least for now. Parts makers like Honeywell are also seeing more demand for services on older aircraft while the Boeing Co. 737 Max remains grounded.In its earnings presentation, Honeywell said it expects further growth in commercial flight hours and the rollout of new jet programs to continue to boost sales at the aerospace division in 2020. Margins may get squeezed, because the business will tilt more heavily toward the less profitable work of installing new equipment versus maintaining older versions.The generally upbeat aerospace narrative contrasts with downbeat performances elsewhere at the company. The sales decline at the safety and productivity unit was the worst for the business since 2016, when the manufacturing sector was emerging from a mini-recession sparked by the plunge in oil prices. Margins in the safety and productivity business fell 320 basis points to 13.4%. Honeywell still recorded healthy growth in its chemicals and materials unit and building-technologies division, but the pace slackened from the second quarter. Honeywell now expects total company organic sales to grow at best 5% this year, down from an earlier projection of as much as 6%.Amid what it deemed an “uncertain macro environment,” Honeywell reiterated its ability to protect its earnings through a downturn by continuing to cut costs and using its ample balance sheet for M&A and share buybacks. CEO Darius Adamczyk has largely sat comfortably on the M&A sidelines the past few years, holding out for lower valuations that may now be coming. There had been some concern when he took over from former leader Dave Cote and talked passionately about accelerating Honeywell’s revenue growth that such an effort would come at the expense of the company’s almost religious commitment to margin improvements. That concern was ill-founded. Honeywell boosted its margin guidance for the full year in part because of the benefits of previously funded restructuring, operating improvements and the spinoffs of the less profitable Garrett Motion Inc. turbocharger and Resideo Technologies Inc. consumer-facing home products businesses last year.Honeywell is making a good case for why it’s a decent place to hide in the event of a manufacturing slowdown, or perhaps broader recession. But the fact that it’s making this argument increasingly loudly should be a warning for the rest of the industrial sector.To contact the author of this story: Brooke Sutherland at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Union Pacific (UNP) delivered earnings and revenue surprises of -3.06% and -1.91%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Investing.com - Union Pacific reported third quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
(Bloomberg Opinion) -- CSX Corp.’s results were better than many feared they would be, but they came at the expense of several hundred jobs.The railroad on Wednesday said third-quarter revenue declined 5% as the the uncertainty wrought by the trade war and a slump in coal shipments weighed on cargo volumes. Even so, CSX’s earnings per share for the period beat analysts’ estimates and its operating ratio – a measure of profitability in which a lower number is better – fell to 56.8%, compared with 58.7% a year earlier and 57.4% in the second quarter. That reflected in part a $145 million decline in expenses from a drop in fuel prices and operating costs, as well as the reduced headcount.CSX has been aggressively trying to improve its efficiency via the sometimes controversial methodology of “precision scheduled railroading,” which is designed to reduce the amount of cars, manpower and capital needed to run a railroad. This cost-cutting push has become more important as the macroeconomic backdrop has weakened. Overall volume fell 5% in the third quarter at CSX, led by slumps in cargo-container and coal traffic. Shipments of metals, chemicals and cars also declined. The company reiterated its expectation for sales to decrease as much as 2% in 2019, a sign that the guidance cut it announced in July wasn’t the cautious approach management billed it as but an accurate assessment of a gloomier reality. Along those lines, United Rentals Inc. on Wednesday the high end of its revenue guidance for the year, with CEO Matthew Flannery noting that “lingering economic uncertainty could impact construction and industrial activity.”The ways in which industrial companies respond to the deepening slowdown in manufacturing sectors can be politically fraught, particularly when it comes to job cuts. CSX had 21,158 employees at the end of the third quarter, according to the company’s estimates. That’s down about 380 from June and down more than 5,000 from the count at the end of 2016, before activist investor Mantle Ridge LP recruited efficiency champion Hunter Harrison to push a more rigorous cost-management strategy at the company. Harrison died later that year and his protege, Jim Foote, took over as CEO.West Coast railroad Union Pacific Corp. is implementing its own version of this efficiency push and will report earnings on Thursday morning. It’s likely to reveal a similar dynamic of slumping sales being offset by cost and job cuts. Fox 4 Kansas City, citing labor union officials, reported on Wednesday that Union Pacific is laying off 200 people – with just two days notice – as it closes down the local Neff Yard. Union Pacific said some of the workers will be able to be reassigned to operations in other areas.At a time when striking General Motors Co. workers have shut down the company’s 34 U.S. plants for more than a month over demands for better job security and garnered support from leading Democratic candidates for president, it’s fair to wonder whether railroads and other industrial companies may face blowback of their own.To contact the author of this story: Brooke Sutherland at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Earnings will continue as the focal point for investors Thursday, as Morgan Stanley and Union Pacific gear up to report.
Declining freight revenues are likely to have hurt Union Pacific's (UNP) third-quarter performance. However, operating ratio is likely to have improved due to its cost-cutting efforts.
The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.
Union Pacific (UNP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Zacks Analyst Blog Highlights: Norfolk Southern, Union Pacific, CSX and Canadian Pacific Railway
Factors like improvement in operating ratio and initiatives to reward its shareholders are supporting growth at Norfolk Southern (NSC), despite headwinds like sluggish volumes.
(Bloomberg) -- Joe Biden declined to say Friday whether he’d vote to convict and remove President Donald Trump from office if he were still in the Senate.“I am not going to speculate what I would do in the Senate,” he told reporters in Los Angeles. “I’m a former vice president, I know what occurred in Ukraine, I know what occurred in terms of China, I know what occurred in terms of Russia. This is a president trying to get two of our most serious competitors, and not allies, to decide this election, to decide who he runs against.”He added: “This guy, like all bullies, is a coward. He does not want to run against me.”House Democrats opened an impeachment inquiry against Trump to determine whether he acted improperly by asking the Ukrainian president to investigate Biden and his son Hunter in exchange for releasing aid. The president has also called on China to investigate the Bidens for “corruption.” There is no evidence either Biden or his son committed any wrongdoing.A vote to impeach in the House would have to be followed by a trial in the Senate.Warren Fires Aide for ‘Inappropriate Behavior’ (5:22 p.m.)Elizabeth Warren’s campaign fired its national organizing director, Rich McDaniel, after investigating allegations of “inappropriate behavior.”Campaign spokeswoman Kristen Orthman said in a statement that over the past two weeks senior leaders of the campaign “received multiple complaints regarding inappropriate behavior” by McDaniel. The campaign hired outside counsel to conduct an investigation, she added.“Based on the results of the investigation, the campaign determined that his reported conduct was inconsistent with its values and that he could not be a part of the campaign moving forward,” Orthman said.The campaign did not specify the nature of the complaints. -- Emma Kinery and Sahil KapurBullock Raises $2.3 Million in Third Quarter (4:56 p.m.)Democratic presidential candidate Steve Bullock raised $2.3 million in the past three months, the smallest third-quarter take disclosed so far by a campaign.The campaign said he doubled the number of individual contributions and his average online donation was $24. It did not say how many unique contributors he had.Bullock, the governor of Montana, who has made getting big money out of politics a major theme of his campaign, raised far less than the fundraising leader, Bernie Sanders, who brought in $25.3 million, or author and political novice Marianne Williamson, who took in $3.1 million.The Bullock campaign said it would apply to the Federal Election Commission for taxpayer-financed matching funds, which would add up to $250 for each contributor’s aggregate donation. In exchange, the campaign will be limited to how much it can spend in the primaries -- set at $48 million in 2016. That application will require approval from the FEC, which doesn’t have a quorum of four commissioners to make decisions.Bullock currently polls at less than 1% in the RealClearPolitics average. He didn’t qualify for the Democratic debate in September or for the next one, in Ohio on Oct.15. -- Bill AllisonBiden Says Son Hunter May Join Him on the Trail (1:38 p.m.)Joe Biden said his son Hunter would join him on the campaign trail, despite attacks from Donald Trump over his business dealings in Ukraine, but equivocated on where or when.In an interview with the Reno Gazette Journal on Thursday, Biden was asked whether Hunter would campaign with him.“Yes,” he answered. But when pressed, Biden said that Hunter Biden lives in the West, and that they hadn’t worked out any specifics.Trump has accused Biden and his son of “corruption” over Hunter’s involvement with a Ukrainian energy company. House Democrats have begun an impeachment inquiry to determine whether Trump acted improperly by asking the Ukrainian president to investigate the Bidens in exchange for U.S. weapons. There is no evidence either Biden or his son committed any wrongdoing.Hunter Biden has not made any appearances with his father during the campaign to date. When asked why Hunter would be an asset, he replied: “Because he’s my son,” he said. “He’s a fine young man.” -- Max BerleyWarren Tries Again With Corporate Legislation (11:03 A.M.)Elizabeth Warren reintroduced her Accountable Capitalism Act on Friday, a measure that would require companies to allow employees to select at least 40% of a corporation’s board of directors.The legislation, introduced with Representative Ben Ray Lujan, Democrat of New Mexico, stands no chance of progress while Republicans control the White House and Senate, and her earlier effort didn’t succeed. It would change the way large corporations operate, in keeping with Warren’s 2020 presidential campaign pitch to regulate business and tackle inequality.Warren accompanied the announcement with letters to the CEOs of multiple companies -- including Amazon.com Inc., General Motors Co., Walmart Inc., United Airlines Holdings Inc., JPMorgan Chase & Co., BP PLC, AT&T Inc., Comcast Corp., Cigna Corp., and Union Pacific Corp. -- asking what they intend to do to serve their workers. -- Sahil KapurWilliamson Raises $3 Million in Third Quarter (6 A.M.)Marianne Williamson raised $3.1 million for her long-shot presidential campaign, roughly doubling the amount she collected in the previous period.She ended the quarter with $655,276 cash on hand, and has 140,000 unique contributors since starting her campaign, according to a statement released by her campaign manager, Patricia Ewing.“It’s the American people who decide which candidates have a voice that needs to be heard, not the gatekeepers,” Ewing said.Williamson failed to meet the fundraising and polling requirements to participate in the debate of Democratic candidates last month and didn’t qualify for the next forum on Oct. 15 in Ohio.Williamson, who’s polling at less than 1% in the RealClearPolitics average, lags far behind top fundraisers like Bernie Sanders, who brought in $25.3 million, and Pete Buttigieg, who raised $19.1 million. Candidates must officially report third-quarter totals to the Federal Election Commission on Oct. 15. -- Bill AllisonCOMING UPDemocratic candidates will attend a presidential forum hosted by the 2 million member Service Employees International Union in Los Angeles on Friday and Saturday. So far, Cory Booker, Joe Biden, Elizabeth Warren, Kamala Harris, and Julian Castro are set to attend.The United Food and Commercial Workers union will host forums in Iowa with Democratic presidential candidates on Oct. 13. Biden, Booker, Harris, and Buttigieg and Michael Bennet have confirmed they will be there.\--With assistance from Bill Allison, Sahil Kapur, Jordan Fabian and Emma Kinery.To contact the reporter on this story: Sahil Kapur in Washington at email@example.comTo contact the editors responsible for this story: Wendy Benjaminson at firstname.lastname@example.org, Max BerleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Union Pacific Corporation (NYSE:UNP) shareholders might be concerned after seeing the share price drop 12% in the last...