Norfolk Southern Corp. (NSC) Releases Quarterly Earnings Results
Norfolk Southern Corp. (NYSE:NSC) announced its earnings results on Wednesday. The company reported $1.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.50 by $0.14, Analyst RN reports. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.85 billion.
Shares of Norfolk Southern Corp. (NYSE:NSC) opened at 88.71 on Wednesday. Norfolk Southern Corp. has a 52-week low of $66.50 and a 52-week high of $93.17. The stock’s 50-day moving average is $90.20 and its 200-day moving average is $81.48. The company has a market cap of $27.403 billion and a P/E ratio of 15.63.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Friday, February 7th will be paid a dividend of 0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.43%.
A number of analysts have recently weighed in on NSC shares. 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 research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price 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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