Equities analysts expect that Norfolk Southern Corp. (NYSE:NSC) will report earnings of $2.86 per share for the current quarter, Zacks reports. Five analysts have made estimates for Norfolk Southern’s earnings, with estimates ranging from $2.74 to $2.96. Norfolk Southern reported earnings of $2.50 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 14.4%. The firm is expected to report its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that Norfolk Southern will report full year earnings of $10.82 per share for the current fiscal year, with EPS estimates ranging from $10.06 to $11.13. For the next fiscal year, analysts forecast that the business will post earnings of $12.19 per share, with EPS estimates ranging from $11.14 to $12.75. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Norfolk Southern.
Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Wednesday, April 24th. The railroad operator reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.34. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. Norfolk Southern had a return on equity of 17.80% and a net margin of 24.10%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $1.93 EPS.
NSC has been the topic of a number of research reports. TD Securities raised their price objective on Norfolk Southern from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, January 25th. Loop Capital raised their target price on Norfolk Southern to $197.00 and gave the company a “buy” rating in a report on Friday, January 25th. UBS Group raised their target price on Norfolk Southern from $190.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, February 12th. ValuEngine upgraded Norfolk Southern from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Finally, Zacks Investment Research upgraded Norfolk Southern from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $202.06.
In other Norfolk Southern news, COO Michael Joseph Wheeler sold 2,500 shares of Norfolk Southern stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $204.57, for a total transaction of $511,425.00. Following the sale, the chief operating officer now directly owns 12,919 shares in the company, valued at approximately $2,642,839.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman James A. Squires sold 3,024 shares of Norfolk Southern stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $204.71, for a total value of $619,043.04. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC acquired a new position in shares of Norfolk Southern in the 1st quarter worth approximately $25,000. Bruderman Asset Management LLC acquired a new position in shares of Norfolk Southern in the 4th quarter worth approximately $26,000. Intercontinental Wealth Advisors LLC acquired a new position in shares of Norfolk Southern in the 4th quarter worth approximately $27,000. Pinnacle Bank acquired a new position in shares of Norfolk Southern in the 4th quarter worth approximately $33,000. Finally, PRW Wealth Management LLC acquired a new position in shares of Norfolk Southern in the 4th quarter worth approximately $36,000. Institutional investors own 73.03% of the company’s stock.
Shares of Norfolk Southern stock traded down $1.80 during trading hours on Friday, reaching $198.15. The stock had a trading volume of 30,845 shares, compared to its average volume of 1,255,211. The company has a market cap of $54.43 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.67 and a quick ratio of 0.59. Norfolk Southern has a 1 year low of $138.65 and a 1 year high of $211.46.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $3.44 annualized dividend and a yield of 1.74%. Norfolk Southern’s dividend payout ratio is presently 36.17%.
Norfolk Southern Company Profile
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.
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