Norfolk Southern Corp. (NSC) Set to Announce Earnings on Wednesday
Norfolk Southern Corp. (NYSE:NSC) will release its earnings data on Wednesday, January 22nd. Investors interested in participating in the company’s conference call can do so using this link.
Norfolk Southern Corp. (NYSE:NSC) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.39 by $0.14. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts expect Norfolk Southern Corp. to post $5.71 EPS for the current fiscal year and $6.39 EPS for the next fiscal year.
Norfolk Southern Corp. (NYSE:NSC) opened at 88.99 on Tuesday. Norfolk Southern Corp. has a 1-year low of $66.18 and a 1-year high of $93.17. The stock has a 50-day moving average of $90.07 and a 200-day moving average of $81.28. The company has a market cap of $27.490 billion and a price-to-earnings ratio of 15.41.
A number of research firms have recently commented on NSC. Analysts at Stifel Nicolaus downgraded shares of Norfolk Southern Corp. from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 16th. They now have a $94.00 price target on the stock. On a related note, analysts at FBR Capital Markets raised their price target on shares of Norfolk Southern Corp. from $100.00 to $115.00 in a research note to investors on Monday, January 13th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Norfolk Southern Corp. in a research note to investors on Friday, December 27th. They now have a $98.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $89.75.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
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