Norfolk Souther Corporation (NSC) Earning Somewhat Favorable News Coverage, Report Shows
News stories about Norfolk Souther Corporation (NYSE:NSC) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Norfolk Souther Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the railroad operator an impact score of 46.9485187618881 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Are Discerning Investors Interested in Norfolk Southern Corporation (NYSE:NSC)? – FLBC News (flbcnews.com)
- Should Value Investors Consider Norfolk Southern (NSC) Shares Now? – Nasdaq (nasdaq.com)
- Investors Buy Norfolk Souther Corporation (NSC) on Weakness (iphonefresh.com)
- Norfolk Southern encourages eclipse viewers to be careful around railroad tracks (finance.yahoo.com)
A number of research analysts recently issued reports on NSC shares. Cowen and Company reissued a “buy” rating and issued a $130.00 price objective on shares of Norfolk Souther Corporation in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Tuesday, June 13th. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. UBS AG reissued a “buy” rating and issued a $138.00 price objective (up from $135.00) on shares of Norfolk Souther Corporation in a research note on Friday, April 28th. Finally, Deutsche Bank AG lifted their price objective on shares of Norfolk Souther Corporation from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $112.35.
Shares of Norfolk Souther Corporation (NYSE:NSC) traded up 0.96% during trading on Friday, hitting $118.63. 1,448,245 shares of the stock were exchanged. Norfolk Souther Corporation has a 52 week low of $89.92 and a 52 week high of $125.31. The stock’s 50 day moving average price is $118.72 and its 200 day moving average price is $118.14. The firm has a market capitalization of $34.19 billion, a price-to-earnings ratio of 19.28 and a beta of 1.33.
Norfolk Souther Corporation (NYSE:NSC) last posted its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the company posted $1.36 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 7th will be given a $0.61 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $2.44 annualized dividend and a dividend yield of 2.06%. Norfolk Souther Corporation’s dividend payout ratio is 39.61%.
In other news, Chairman James A. Squires sold 24,407 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total value of $2,927,619.65. Following the completion of the sale, the chairman now directly owns 76,481 shares of the company’s stock, valued at approximately $9,173,895.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas E. Hurlbut sold 802 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $116.54, for a total transaction of $93,465.08. Following the completion of the sale, the vice president now directly owns 4,300 shares of the company’s stock, valued at $501,122. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.
Norfolk Souther Corporation Company Profile
Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.
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