Norfolk Southern (NSC) Expected to Announce Quarterly Earnings on Wednesday

Norfolk Southern (NYSE:NSC) is expected to be announcing its earnings results before the market opens on Wednesday, January 29th. Analysts expect Norfolk Southern to post earnings of $2.97 per share and revenue of $3,031,177.09 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, topping the consensus estimate of $3.11 by $0.14. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. Norfolk Southern’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.65 EPS. On average, analysts expect Norfolk Southern to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Norfolk Southern Stock Performance

Shares of NYSE NSC opened at $251.96 on Wednesday. The stock has a market cap of $57.00 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34. Norfolk Southern has a 1 year low of $206.71 and a 1 year high of $277.60. The firm has a fifty day moving average price of $250.56 and a 200-day moving average price of $247.04. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NSC. Evercore ISI dropped their price objective on Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. UBS Group lifted their price objective on shares of Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Stephens restated an “equal weight” rating and set a $263.00 target price on shares of Norfolk Southern in a research report on Wednesday, October 23rd. Bank of America boosted their price target on shares of Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company cut their price objective on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.68.

Insider Buying and Selling

In related news, Director Sameh Fahmy purchased 1,000 shares of Norfolk Southern stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average cost of $255.00 per share, for a total transaction of $255,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $2,550,000. The trade was a 11.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.19% of the stock is owned by corporate insiders.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.