Wall Street analysts expect that Norfolk Southern (NYSE:NSC) will announce $2.69 billion in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Norfolk Southern’s earnings, with the lowest sales estimate coming in at $2.63 billion and the highest estimate coming in at $2.71 billion. Norfolk Southern posted sales of $2.58 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The firm is expected to report its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Norfolk Southern will report full year sales of $2.69 billion for the current fiscal year, with estimates ranging from $10.75 billion to $11.21 billion. For the next fiscal year, analysts expect that the company will post sales of $11.46 billion per share, with estimates ranging from $11.04 billion to $11.73 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Norfolk Southern.
Norfolk Southern (NYSE:NSC) last issued its earnings results on Wednesday, January 24th. The railroad operator reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.66 billion. Norfolk Southern had a net margin of 51.22% and a return on equity of 14.16%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 earnings per share.
A number of equities analysts recently commented on NSC shares. Royal Bank of Canada upgraded shares of Norfolk Southern from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, January 24th. Credit Suisse Group boosted their target price on shares of Norfolk Southern from $177.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. BMO Capital Markets reiterated a “hold” rating and set a $156.00 target price on shares of Norfolk Southern in a research note on Monday, January 8th. Loop Capital boosted their target price on shares of Norfolk Southern to $144.00 and gave the stock a “sell” rating in a research note on Friday, January 12th. Finally, JPMorgan Chase lowered their target price on shares of Norfolk Southern from $154.00 to $151.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $139.60.
In other news, Chairman James A. Squires sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $150.10, for a total value of $1,501,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas E. Hurlbut sold 1,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $142.90, for a total transaction of $142,900.00. The disclosure for this sale can be found here. Insiders sold 13,166 shares of company stock valued at $1,958,040 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.
Large investors have recently made changes to their positions in the company. Sawyer & Company Inc purchased a new stake in shares of Norfolk Southern in the fourth quarter valued at about $104,000. Arcadia Investment Management Corp MI raised its holdings in shares of Norfolk Southern by 165.1% in the fourth quarter. Arcadia Investment Management Corp MI now owns 835 shares of the railroad operator’s stock valued at $121,000 after buying an additional 520 shares during the last quarter. Certified Advisory Corp purchased a new stake in shares of Norfolk Southern in the fourth quarter valued at about $137,000. Welch Investments LLC purchased a new stake in shares of Norfolk Southern in the fourth quarter valued at about $156,000. Finally, Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of Norfolk Southern in the fourth quarter valued at about $163,000. 72.48% of the stock is owned by institutional investors and hedge funds.
Shares of NSC stock traded down $4.12 on Friday, reaching $131.66. 903,542 shares of the stock were exchanged, compared to its average volume of 1,772,319. The company has a current ratio of 0.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.56. The company has a market cap of $38,561.14, a P/E ratio of 20.07, a PEG ratio of 1.35 and a beta of 1.31. Norfolk Southern has a twelve month low of $111.07 and a twelve month high of $157.15.
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 2nd were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.19%. This is a boost from Norfolk Southern’s previous quarterly dividend of $0.61. The ex-dividend date was Thursday, February 1st. Norfolk Southern’s dividend payout ratio is presently 43.57%.
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About Norfolk Southern
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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