Norfolk Souther Corporation (NSC) Earning Somewhat Positive Media Coverage, Report Finds
News headlines about Norfolk Souther Corporation (NYSE:NSC) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Norfolk Souther Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the railroad operator an impact score of 46.4985926883373 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- XPO Logistics (XPO) & Norfolk Souther Corporation (NSC) Head to Head Comparison (americanbankingnews.com)
- Investor Watch: Checking on Shares of Norfolk Souther Corporation (NYSE:NSC) – Jonesboro Recorder (jonesbororecorder.com)
- Norfolk Souther Corporation (NSC) and Covenant Transportation Group (CVTI) Head-To-Head Comparison (americanbankingnews.com)
- Astute Investors Are Taking a Second Look at Norfolk Southern Corporation (NYSE:NSC) or LyondellBasell Industries … – FLBC News (flbcnews.com)
- Are Discerning Investors Interested in Norfolk Southern Corporation (NYSE:NSC)? – FLBC News (flbcnews.com)
Norfolk Souther Corporation (NSC) traded up 0.40% during midday trading on Friday, reaching $118.21. 989,767 shares of the company’s stock were exchanged. The stock has a market capitalization of $34.07 billion, a price-to-earnings ratio of 19.21 and a beta of 1.33. Norfolk Souther Corporation has a 12-month low of $89.92 and a 12-month high of $125.31. The stock’s 50-day moving average is $118.32 and its 200-day moving average is $118.11.
Norfolk Souther Corporation (NYSE:NSC) last announced its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.06. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. Norfolk Souther Corporation’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 EPS. On average, equities analysts forecast that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 7th will be issued a $0.61 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.06%. Norfolk Souther Corporation’s dividend payout ratio is presently 39.61%.
Several research firms have weighed in on NSC. ValuEngine raised Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $139.00 price objective (up from $133.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 13th. They noted that the move was a valuation call. Cowen and Company reaffirmed a “buy” rating and set a $130.00 price objective on shares of Norfolk Souther Corporation in a research report on Tuesday, July 11th. Scotiabank cut Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research cut Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Four investment 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 stock has a consensus rating of “Hold” and an average price target of $112.35.
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In related news, Chairman James A. Squires sold 24,407 shares of the 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 sale, the chairman now directly owns 76,481 shares of the company’s stock, valued at approximately $9,173,895.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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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