Norfolk Southern Corporation (NSC) To Go Ex-Dividend on November 7th

Norfolk Southern Corporation (NYSE:NSC) declared a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Friday, November 7th will be given a dividend of 1.35 per share by the railroad operator on Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, November 7th.

Norfolk Southern has a dividend payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Norfolk Southern to earn $14.72 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 36.7%.

Norfolk Southern Trading Down 1.6%

Norfolk Southern stock opened at $283.89 on Friday. The firm’s 50-day moving average is $285.79 and its 200-day moving average is $261.68. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. Norfolk Southern has a 1 year low of $201.63 and a 1 year high of $302.24. The company has a market cap of $63.77 billion, a P/E ratio of 19.18, a PEG ratio of 2.59 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the business posted $3.25 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Norfolk Southern will post 13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Baird R W upgraded shares of Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Evercore ISI raised their price target on shares of Norfolk Southern from $289.00 to $298.00 in a research report on Thursday, September 25th. Benchmark downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Citigroup lifted their price objective on shares of Norfolk Southern from $305.00 to $316.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. Eight analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $293.80.

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.