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

Norfolk Southern (NYSE:NSC) is projected to announce its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $2.97 per share and revenue of $3,031,177.09 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Norfolk Southern Trading Down 0.5 %

NSC opened at $254.91 on Monday. The stock has a market capitalization of $57.67 billion, a PE ratio of 23.93, a P/E/G ratio of 2.29 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. Norfolk Southern has a 12-month low of $206.71 and a 12-month high of $277.60. The firm’s fifty day moving average price is $249.61 and its 200 day moving average price is $247.91.

Insider Activity at Norfolk Southern

In other news, Director Sameh Fahmy acquired 350 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $249.37 per share, with a total value of $87,279.50. Following the purchase, the director now owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Stephens reaffirmed an “equal weight” rating and set a $263.00 price target on shares of Norfolk Southern in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upped their price target on Norfolk Southern from $272.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. UBS Group lifted their price objective on shares of Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup increased their target price on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.68.

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.