Analysts expect Norfolk Southern Corp. (NYSE:NSC) to announce $2.81 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Norfolk Southern’s earnings. The lowest sales estimate is $2.70 billion and the highest is $2.84 billion. Norfolk Southern posted sales of $2.64 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.4%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, July 25th.
On average, analysts expect that Norfolk Southern will report full-year sales of $11.14 billion for the current financial year, with estimates ranging from $10.90 billion to $11.27 billion. For the next fiscal year, analysts anticipate that the business will report sales of $11.58 billion per share, with estimates ranging from $11.22 billion to $11.72 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Norfolk Southern.
Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Wednesday, April 25th. The railroad operator reported $1.93 EPS for the quarter, beating the consensus estimate of $1.77 by $0.16. Norfolk Southern had a return on equity of 14.04% and a net margin of 51.65%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the company earned $1.48 earnings per share. Norfolk Southern’s quarterly revenue was up 5.5% compared to the same quarter last year.
NSC has been the topic of several research analyst reports. Royal Bank of Canada reissued a “hold” rating and issued a $145.00 price objective on shares of Norfolk Southern in a report on Tuesday, April 10th. TD Securities raised their price objective on Norfolk Southern from $155.00 to $160.00 and gave the company a “hold” rating in a report on Thursday, April 26th. Cowen reissued a “buy” rating and issued a $167.00 price objective on shares of Norfolk Southern in a report on Wednesday, April 25th. Zacks Investment Research lowered Norfolk Southern from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, Credit Suisse Group raised their price objective on Norfolk Southern from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, April 26th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $148.67.
NSC traded down $1.02 during trading on Friday, hitting $150.04. The company’s stock had a trading volume of 1,616,619 shares, compared to its average volume of 1,787,170. The company has a current ratio of 1.04, a quick ratio of 0.94 and a debt-to-equity ratio of 0.59. Norfolk Southern has a twelve month low of $111.44 and a twelve month high of $158.58. The firm has a market cap of $43.01 billion, a P/E ratio of 22.70, a PEG ratio of 1.48 and a beta of 1.32.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Friday, May 4th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, May 3rd. Norfolk Southern’s dividend payout ratio (DPR) is currently 43.57%.
In other Norfolk Southern news, VP Thomas E. Hurlbut sold 2,762 shares of the business’s stock in a transaction on Friday, April 27th. The stock was sold at an average price of $145.51, for a total transaction of $401,898.62. Following the transaction, the vice president now owns 5,432 shares of the company’s stock, valued at $790,410.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas E. Hurlbut sold 2,760 shares of the business’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $152.00, for a total value of $419,520.00. Following the transaction, the vice president now directly owns 2,760 shares in the company, valued at approximately $419,520. The disclosure for this sale can be found here. Insiders have sold 14,110 shares of company stock worth $2,118,405 in the last three months. 0.23% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in Norfolk Southern during the first quarter worth $1,520,000. Private Vista LLC acquired a new position in Norfolk Southern during the first quarter worth $251,000. Chesapeake Wealth Management acquired a new position in Norfolk Southern during the first quarter worth $721,000. BDO Wealth Advisors LLC boosted its stake in Norfolk Southern by 15.7% during the first quarter. BDO Wealth Advisors LLC now owns 3,256 shares of the railroad operator’s stock worth $442,000 after buying an additional 442 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its stake in Norfolk Southern by 12,734.9% during the first quarter. Summit Trail Advisors LLC now owns 191,497 shares of the railroad operator’s stock worth $191,000 after buying an additional 190,005 shares during the last quarter. 72.71% of the stock is currently owned by institutional investors.
Norfolk Southern Company Profile
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.
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