Norfolk Southern (NSC) Scheduled to Post Quarterly Earnings on Wednesday

Norfolk Southern (NYSE:NSC) is set to issue its quarterly earnings data before the market opens on Wednesday, July 24th. Analysts expect the company to announce earnings of $2.81 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, April 24th. The railroad operator reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.34. Norfolk Southern had a net margin of 24.10% and a return on equity of 17.80%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the firm posted $1.93 EPS. The company’s revenue was up 4.5% on a year-over-year basis. On average, analysts expect Norfolk Southern to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Shares of NSC opened at $196.30 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.67. Norfolk Southern has a 1 year low of $138.65 and a 1 year high of $211.46. The firm’s 50 day moving average is $198.70. The stock has a market cap of $51.91 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.54 and a beta of 1.32.

In related news, COO Michael Joseph Wheeler sold 2,500 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $204.57, for a total value of $511,425.00. Following the completion of the sale, the chief operating officer now directly owns 12,919 shares in the company, valued at $2,642,839.83. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman James A. Squires sold 3,024 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $204.71, for a total value of $619,043.04. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

A number of research analysts recently weighed in on NSC shares. Zacks Investment Research lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. Bank of America started coverage on shares of Sogou in a report on Monday, April 1st. They issued an “underperform” rating and a $5.60 target price for the company. Citigroup set a $20.00 target price on shares of Compania de Minas Buenaventura SAA and gave the company a “buy” rating in a report on Thursday, April 4th. BMO Capital Markets raised shares of Gold Fields from a “market perform” rating to an “outperform” rating in a report on Thursday, April 25th. Finally, Argus raised their target price on shares of Norfolk Southern from $210.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $204.47.

Norfolk Southern Company Profile

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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