Latest news with #UNP
Bloomberg
3 hours ago
- Business
- Bloomberg
Stock Movers: Union Pacific, Procter & Gamble, Novo
On this episode of Stock Movers: - Union Pacific (UNP) agreed to acquire Norfolk Southern (NSC) in a cash-and-stock transaction valued at $85 billion, forming a transcontinental rail behemoth in what stands to be the industry's largest deal ever. Norfolk Southern shareholders will receive one Union Pacific share and $88.82 in cash for each Norfolk share, the companies said in a statement Tuesday. Union Pacific will issue about 225 million shares to Norfolk Southern investors, representing 27% ownership in the combined company. - Procter & Gamble (PG) shares are up 1.3% in premarket trading, after the consumer goods conglomerate reported fourth-quarter results that were slightly ahead of expectations. It also gave an outlook. Late on Monday, it announced that Chief Operating Officer Shailesh Jejurikar would become chief executive officer on Jan. 1. - Novo Nordisk (NOVOB DC) shares slump as much as 30%, wiping more than $90b off the Danish drugmaker's market value, after the company cut its sales and profit forecasts, citing slumping sales of weight-loss drugs. Novo named a company insider as its new CEO.
CNN
6 hours ago
- Business
- CNN
America's first transcontinental freight railroad is planned after a megamerger
FacebookTweetLink Two of the largest US railroads, Union Pacific (UNP) and Norfolk Southern (NS), announced on Tuesday a plan to combine in a $72 billion deal that would create America's first transcontinental freight railroad. This is a developing story. It will be updated.
CNN
7 hours ago
- Business
- CNN
America's first transcontinental freight railroad is planned after a megamerger
Two of the largest US railroads, Union Pacific (UNP) and Norfolk Southern (NS), announced on Tuesday a plan to combine in a $72 billion deal that would create America's first transcontinental freight railroad. This is a developing story. It will be updated.
Yahoo
5 days ago
- Business
- Yahoo
Union Pacific Sticks To Annual Outlook, Confirms Merger Talks With Norfolk Southern
Union Pacific Corp. (NYSE:) on Thursday reported better-than-expected second-quarter 2025 earnings and revenue, driven by volume growth, core pricing gains, and record operational productivity. The railroad posted net income of $1.9 billion, or $3.15 per diluted share, up from $1.7 billion, or $2.74 per share, in the year-ago quarter. Adjusted earnings per share came in at $3.03, excluding a $115 million deferred tax benefit and a $55 million crew staffing charge, topping the consensus estimate of $2.86 per share. Also Read: Revenue rose 2% year-over-year to $6.15 billion, surpassing the $6.10 billion estimate, as volume increased 4%, carloads revenue rose 4%, and freight revenue excluding fuel surcharges grew 6%. Operating income climbed 5% to $2.53 billion, and the reported operating ratio improved by 100 basis points to 59.0%. On an adjusted basis, the operating ratio stood at 58.1%, a 230-basis-point improvement from a year ago. View more earnings on UNP Union Pacific also reported improved efficiency metrics across its network. Freight car velocity rose 10%, locomotive productivity increased 5%, and workforce productivity jumped 9% to 1,124 car miles per employee. The average train length grew 2% to 9,689 feet. The company also noted improvements in injury and derailment rates. 'These results reflect the strong momentum we've built in delivering safe, reliable service,' CEO Jim Vena said in a statement. 'The foundation is built, we are growing with our customers, and we have strong momentum as we continue to maximize the value of our great franchise.' On July 16, the board approved a 3% increase in the quarterly dividend to $1.38 per share, payable Sept. 30, 2025, to shareholders of record as of Aug. 29. Outlook Union Pacific reaffirmed its full-year 2025 guidance, projecting earnings growth consistent with its long-term target of high-single to low-double-digit compound annual growth. The company maintained its $3.4 billion capital spending plan and $4.0 to $4.5 billion share repurchases. Merger Talks Separately, Union Pacific and Norfolk Southern (NYSE:NSC) confirmed they are in advanced discussions regarding a potential business combination. Both companies cautioned that there is no assurance a deal will be reached and said they do not plan to provide further updates unless required. Union Pacific is valued at about $140 billion, while Norfolk Southern is worth roughly $60 billion. The merger would create the nation's first coast-to-coast rail network, a move CEO Jim Vena says could improve service by reducing transfer delays. Price Action: At last check Thursday, UNP shares were trading lower by 3.03% to $224.00. Read Next:Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? UNION PACIFIC (UNP): Free Stock Analysis Report This article Union Pacific Sticks To Annual Outlook, Confirms Merger Talks With Norfolk Southern originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Why Union Pacific (UNP) is a Top Dividend Stock for Your Portfolio
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns. Headquartered in Omaha, Union Pacific (UNP) is a Transportation stock that has seen a price change of 0.53% so far this year. The railroad is currently shelling out a dividend of $1.34 per share, with a dividend yield of 2.34%. This compares to the Transportation - Rail industry's yield of 1.51% and the S&P 500's yield of 1.48%. Looking at dividend growth, the company's current annualized dividend of $5.36 is up 1.5% from last year. Over the last 5 years, Union Pacific has increased its dividend 3 times on a year-over-year basis for an average annual increase of 7.19%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Union Pacific's current payout ratio is 48%, meaning it paid out 48% of its trailing 12-month EPS as dividend. Earnings growth looks solid for UNP for this fiscal year. The Zacks Consensus Estimate for 2025 is $11.57 per share, with earnings expected to increase 4.33% from the year ago period. From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, UNP is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Union Pacific Corporation (UNP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
