Norfolk Southern (NYSE:NSC – Get Free Report) posted its quarterly earnings results on Tuesday. The railroad operator reported $3.25 EPS for the quarter, beating the consensus estimate of $3.11 by $0.14, Briefing.com reports. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the firm earned $2.65 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis.
Norfolk Southern Stock Down 0.0 %
NYSE:NSC traded down $0.07 during midday trading on Friday, reaching $253.35. The company had a trading volume of 46,500 shares, compared to its average volume of 1,254,744. The firm has a market capitalization of $57.28 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 2.48 and a beta of 1.31. The stock’s fifty day simple moving average is $248.76 and its 200-day simple moving average is $236.88. Norfolk Southern has a 12-month low of $183.76 and a 12-month high of $263.66. The company has a current ratio of 0.73, a quick ratio of 0.54 and a debt-to-equity ratio of 1.21.
Norfolk Southern Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 1st will be issued a $1.35 dividend. The ex-dividend date is Friday, November 1st. This represents a $5.40 dividend on an annualized basis and a yield of 2.13%. Norfolk Southern’s dividend payout ratio (DPR) is presently 50.70%.
Insider Activity at Norfolk Southern
Analysts Set New Price Targets
NSC has been the subject of several recent analyst reports. Citigroup raised their target price on Norfolk Southern from $294.00 to $302.00 and gave the stock a “buy” rating in a research note on Tuesday. Susquehanna raised their target price on Norfolk Southern from $280.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group raised their target price on Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen raised their target price on Norfolk Southern from $253.00 to $259.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Stifel Nicolaus raised their target price on Norfolk Southern from $241.00 to $245.00 and gave the stock a “hold” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $274.16.
Get Our Latest Research Report on Norfolk Southern
About Norfolk Southern
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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