Norfolk Southern (NSC) Expected to Announce Earnings on Wednesday

Norfolk Southern (NYSE:NSC) is expected to be posting its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect Norfolk Southern to post earnings of $2.97 per share and revenue of $3,031,177.09 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Norfolk Southern Price Performance

Shares of NSC opened at $259.70 on Tuesday. 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 has a fifty-two week low of $206.71 and a fifty-two week high of $277.60. The firm has a 50-day simple moving average of $249.61 and a 200-day simple moving average of $248.15. The company has a market capitalization of $58.76 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34.

Insider Activity at Norfolk Southern

In other news, Director Sameh Fahmy bought 350 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the transaction, the director now owns 10,350 shares in the company, valued at $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. TD Cowen lifted their target price on Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Evercore ISI lowered their price objective on shares of Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Barclays raised their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Loop Capital boosted their price target on shares of Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Sanford C. Bernstein raised their price objective on shares of Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. One equities research 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. According to data from MarketBeat, Norfolk Southern has an average rating of “Moderate Buy” and an average target price of $275.68.

Norfolk Southern Company Profile

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.