News stories about Norfolk Souther Corporation (NYSE:NSC) have been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Norfolk Souther Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the railroad operator an impact score of 46.2550334330658 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Norfolk Southern announces expiration of early exchange period of … – PR Newswire (press release) (prnewswire.com)
- Norfolk Southern announces pricing of previously announced exchange offers, interest rate for new notes and … – PR Newswire (press release) (prnewswire.com)
- Interesting NSC Put And Call Options For January 2020 (stockoptionschannel.com)
- Norfolk Souther Corporation (NSC) Expected to Post Quarterly Sales of $2.61 Billion (americanbankingnews.com)
- Norfolk Southern Corp. – Value Analysis (NYSE:NSC) : November 10, 2017 (finance.yahoo.com)
Shares of Norfolk Souther Corporation (NYSE NSC) opened at $129.22 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.73. Norfolk Souther Corporation has a 1-year low of $102.59 and a 1-year high of $134.52. The firm has a market cap of $36,174.93, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 1.63 and a beta of 1.37.
Norfolk Souther Corporation (NYSE:NSC) last issued its quarterly earnings results on Wednesday, October 25th. The railroad operator reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Norfolk Souther Corporation had a net margin of 17.86% and a return on equity of 14.72%. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the firm earned $1.55 EPS. The business’s revenue was up 5.8% on a year-over-year basis. equities research analysts predict that Norfolk Souther Corporation will post 6.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 3rd will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, November 2nd. Norfolk Souther Corporation’s dividend payout ratio is 38.36%.
Norfolk Souther Corporation declared that its Board of Directors has initiated a share repurchase plan on Tuesday, September 26th that allows the company to repurchase 50,000,000 shares. This repurchase authorization allows the railroad operator to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Several research firms have commented on NSC. Argus boosted their target price on shares of Norfolk Souther Corporation from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Morgan Stanley reissued an “underweight” rating and issued a $75.00 target price (down from $77.00) on shares of Norfolk Souther Corporation in a research report on Monday, October 2nd. Wells Fargo & Company downgraded shares of Norfolk Souther Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. ValuEngine downgraded shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Citigroup Inc. boosted their target price on shares of Norfolk Souther Corporation from $124.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 4th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $127.62.
In other news, COO Michael Joseph Wheeler sold 2,370 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $118.68, for a total value of $281,271.60. Following the completion of the transaction, the chief operating officer now owns 13,492 shares in the company, valued at approximately $1,601,230.56. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Thomas E. Hurlbut sold 300 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total transaction of $35,640.00. Following the completion of the transaction, the vice president now owns 4,000 shares of the company’s stock, valued at approximately $475,200. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,238 shares of company stock valued at $791,456. Corporate insiders own 0.36% of the company’s stock.
About Norfolk Souther Corporation
Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.
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