2 weeks Ago By ABMN Staff
Norfolk Southern Co. ( NYSE:NSC – Free Report ) – Research analysts at Zacks Research upped their FY2024 earnings estimates for shares of Norfolk Southern in a research report issued on Monday, November 11th. Zacks Research analyst R.
Department now anticipates that the railroad operator will post earnings of $11.74 per share for the year, up from their prior estimate of $11.67.
The consensus estimate for Norfolk Southern’s current full-year earnings is $11.82 per share. Other research analysts also recently issued research reports about the stock.
UBS Group boosted their target price 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.
Bank of America increased their price objective on shares of Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd.
TD Cowen boosted their target price on Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd.
Evercore ISI dropped their price target on Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd.
Finally, Wells Fargo & Company raised their price objective on Norfolk Southern from $270.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd.
One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $275.
68. Norfolk Southern Price Performance Shares of NSC opened at $264.76 on Wednesday.
The firm has a market cap of $59.90 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.
54 and a beta of 1.30. Norfolk Southern has a 52-week low of $204.
90 and a 52-week high of $277.60. The business’s 50 day moving average price is $252.
52 and its two-hundred day moving average price is $238.46. The company has a debt-to-equity ratio of 1.
21, a quick ratio of 0.65 and a current ratio of 0.73.
Norfolk Southern ( NYSE:NSC – Get Free Report ) last released its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.
11 by $0.14. Norfolk Southern had a net margin of 19.
85% and a return on equity of 20.25%. The business had revenue of $3.
10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the business earned $2.
65 earnings per share. Norfolk Southern’s revenue for the quarter was up 3.3% on a year-over-year basis.
Institutional Inflows and Outflows A number of institutional investors have recently made changes to their positions in the company. Mizuho Securities USA LLC boosted its position in Norfolk Southern by 18,831.2% during the third quarter.
Mizuho Securities USA LLC now owns 3,298,000 shares of the railroad operator’s stock worth $819,553,000 after purchasing an additional 3,280,579 shares during the period. Boston Partners lifted its stake in shares of Norfolk Southern by 157.1% during the 1st quarter.
Boston Partners now owns 2,890,665 shares of the railroad operator’s stock valued at $735,749,000 after buying an additional 1,766,135 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Norfolk Southern by 5.
9% in the 1st quarter. Vanguard Group Inc. now owns 19,623,690 shares of the railroad operator’s stock worth $5,001,490,000 after buying an additional 1,088,072 shares during the period.
Pathway Financial Advisers LLC grew its stake in Norfolk Southern by 25,181.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 893,459 shares of the railroad operator’s stock valued at $222,025,000 after buying an additional 889,925 shares in the last quarter.
Finally, FMR LLC raised its holdings in Norfolk Southern by 48.4% during the 3rd quarter. FMR LLC now owns 2,702,344 shares of the railroad operator’s stock valued at $671,532,000 after acquiring an additional 881,415 shares during the period.
Hedge funds and other institutional investors own 75.10% of the company’s stock. Insider Buying and Selling In related news, CEO Alan H.
Shaw sold 51,325 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $255.98, for a total transaction of $13,138,173.
50. Following the completion of the sale, the chief executive officer now owns 35,045 shares in the company, valued at approximately $8,970,819.10.
This trade represents a 59.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link .
Also, Director Sameh Fahmy bought 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was bought at an average price of $255.00 per share, for a total transaction of $255,000.
00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $2,550,000. The trade was a 11.
11 % increase in their ownership of the stock. The disclosure for this purchase can be found here . 0.
19% of the stock is currently owned by corporate insiders. Norfolk Southern Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 1st will be given a dividend of $1.
35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.
04%. The ex-dividend date is Friday, November 1st. Norfolk Southern’s payout ratio is 50.
70%. Norfolk Southern Company Profile ( Get Free Report ) 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.
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