Strong Operating Performances and Increased Quarterly Dividends - Research Report on Union Pacific, Kansas City Southern, Canadian Pacific, AutoNation, and Penske
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NEW YORK, July 24, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Union Pacific Corporation (NYSE: UNP), Kansas City Southern (NYSE: KSU), Canadian Pacific Railway Limited (NYSE: CP), AutoNation Inc. (NYSE: AN), and Penske Automotive Group, Inc. (NYSE: PAG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Union Pacific Corporation Research Report
On July 18, 2013, Union Pacific Corp. (Union Pacific) announced its Q2 2013 financial results with net income of $1.1 billion, or $2.37 per diluted share, compared to $1 billion, or $2.10 per diluted share in Q2 2012. Its operating revenue increased 5% YoY to $5.5 billion, despite lower carloadings. "Union Pacific achieved record financial milestones this quarter," said Jack Koraleski, Union Pacific CEO. "We managed our network efficiently and continued to show the agility of our strong franchise. When combined with solid core pricing gains, we more than offset the slight shortfall in volumes to generate best-ever quarterly earnings and operating ratio performance." The Full Research Report on Union Pacific Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2c77_UNP]
Kansas City Southern Research Report
On July 19, 2013, Kansas City Southern (KCS) announced its Q2 2013 financial results with revenues of $579.3 million, representing a 6.2% YoY growth led by led by increases in Energy, Automotive and Intermodal revenues. The Company's reported net income of $15.4 million, or $0.14 per diluted share, compared to $120.4 million, or $1.09 per diluted share in the Q2 2012. Commenting on the results, President and CEO David L. Starling said, "Considering the weakness in grain volumes due to the drought in 2012, KCS reported impressive second quarter 2013 results as reflected by year-over-year increases in carloads, revenues and adjusted earnings per share." He further added, "The combination of solid revenue growth, a steady mid-single digit improvement to pricing and continued control over operating expenses resulted in a second quarter operating ratio of 69.0%, a 1.5 point improvement over last year's adjusted operating ratio. This performance speaks to the strength of KCS' operations and the diversity of the franchise." The Full Research Report on Kansas City Southern - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4551_KSU]
Canadian Pacific Railway Limited Research Report
On July 19, 2013, Canadian Pacific Railway Limited (CP) announced that its Board of Directors has approved a quarterly cash dividend of $0.35 per share on outstanding common shares. The dividend is payable on October 28, 2013. The record date for the same is the close of business on September 27, 2013. The Full Research Report on Canadian Pacific Railway Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0bc9_CP]
AutoNation Inc. Research Report
On July 18, 2013, AutoNation, Inc. (AutoNation) announced its Q2 2013 financial results. The Company reported net income from continuing operations of $90 million, or $0.73 per share compared to $82 million, or $0.66 per share in Q2 2012. The Company's total revenue was $4.4 billion, compared to $3.9 billion in Q2 2012, driven by stronger performance in its business sectors. Mike Jackson, Chairman and CEO, said, "The automotive industry continues to be a bright spot in the U.S. economy. We are particularly excited about our customer care business, where increasing units in operation should continue to support solid growth in the business for the next several years." The company also revealed that during Q2 2013Mercedes-Benz has given a new franchise to AutoNation in Atlanta, Georgia, and in Tampa, Florida. The Full Research Report on AutoNation Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5d88_AN]
Penske Automotive Group, Inc. Research Report
On July 17, 2013, Penske Automotive Group, Inc. (Penske) announced that its Board of Directors declared a $0.16 per share cash dividend for Q2 2013. The dividend is payable on September 3, 2013 to shareholders of record on August 12, 2013. Penske Automotive Group President Robert H. Kurnick, Jr. commented, "We are pleased to offer our shareholders a 7% increase in the quarterly dividend." He further added, "Based upon the strength in our financial performance, cash flow generation, and the strong automotive retail environment in our U.S. and U.K. markets, we remain confident in our ability to continue growing our business." The Full Research Report on Penske Automotive Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d319_PAG]
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SOURCE Analysts' Corner
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