Norfolk Southern (NYSE:NSC) Announces Quarterly Earnings Results

Norfolk Southern (NYSE:NSC) announced its quarterly earnings data on Wednesday. The railroad operator reported $2.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.57 by ($0.08), Fidelity Earnings reports. Norfolk Southern had a net margin of 24.15% and a return on equity of 18.24%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the company earned $2.52 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year.

NSC stock traded down $1.69 on Thursday, reaching $183.18. The company’s stock had a trading volume of 1,594,888 shares, compared to its average volume of 1,662,829. Norfolk Southern has a 52 week low of $138.65 and a 52 week high of $211.46. The company has a market capitalization of $49.77 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.36. The firm has a fifty day moving average of $178.66 and a two-hundred day moving average of $189.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.78 and a quick ratio of 0.68.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 1st will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, October 31st. Norfolk Southern’s dividend payout ratio (DPR) is 39.54%.

In other Norfolk Southern news, Director Jennifer F. Scanlon acquired 525 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average cost of $191.52 per share, with a total value of $100,548.00. Following the acquisition, the director now directly owns 525 shares of the company’s stock, valued at approximately $100,548. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Several analysts have issued reports on NSC shares. Bank of America cut Norfolk Southern from a “buy” rating to a “neutral” rating and set a $198.00 price objective on the stock. in a research note on Wednesday. Morgan Stanley set a $130.00 price objective on Norfolk Southern and gave the company a “sell” rating in a research note on Monday, July 8th. Cowen reiterated a “buy” rating and set a $215.00 price target on shares of Norfolk Southern in a research report on Wednesday. UBS Group dropped their price target on Norfolk Southern from $230.00 to $216.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Finally, Goldman Sachs Group started coverage on Norfolk Southern in a research report on Wednesday, July 10th. They set a “buy” rating and a $237.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $202.94.

About Norfolk Southern

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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Earnings History for Norfolk Southern (NYSE:NSC)

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