Norfolk Souther Corporation (NYSE:NSC) – Research analysts at Seaport Global Securities lowered their Q4 2017 earnings per share (EPS) estimates for shares of Norfolk Souther Corporation in a note issued to investors on Friday. Seaport Global Securities analyst M. Levin now expects that the railroad operator will earn $1.54 per share for the quarter, down from their previous forecast of $1.55.

Several other research analysts also recently issued reports on the stock. ValuEngine upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Credit Suisse Group reiterated an “outperform” rating and issued a $139.00 target price (up previously from $133.00) on shares of Norfolk Souther Corporation in a research note on Thursday, July 13th. They noted that the move was a valuation call. Royal Bank Of Canada reiterated a “sell” rating and issued a $117.00 target price on shares of Norfolk Souther Corporation in a research note on Tuesday, August 29th. Cowen and Company restated a “buy” rating and set a $130.00 price objective on shares of Norfolk Souther Corporation in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus restated a “hold” rating and set a $124.00 price objective on shares of Norfolk Souther Corporation in a research report on Tuesday, September 12th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $113.29.

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Norfolk Souther Corporation (NSC) opened at 130.00 on Monday. Norfolk Souther Corporation has a 52-week low of $89.95 and a 52-week high of $133.81. The firm’s 50 day moving average is $126.40 and its 200 day moving average is $119.88. The company has a market cap of $37.46 billion, a PE ratio of 21.12 and a beta of 1.38.

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 for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the firm earned $1.36 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year.

Norfolk Souther Corporation declared that its board has authorized a stock buyback program on Tuesday, September 26th that allows the company to repurchase 50,000,000 outstanding shares. This repurchase authorization allows the railroad operator to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 7th were given a $0.61 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.44 annualized dividend and a yield of 1.88%. Norfolk Souther Corporation’s payout ratio is presently 39.61%.

In other Norfolk Souther Corporation news, Chairman James A. Squires sold 24,407 shares of the stock in a transaction that occurred on 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 transaction, the chairman now directly owns 76,481 shares in the company, valued at $9,173,895.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas E. Hurlbut sold 300 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $118.80, for a total transaction of $35,640.00. Following the completion of the transaction, the vice president now owns 4,000 shares in the company, valued at $475,200. The disclosure for this sale can be found here. Insiders sold 27,077 shares of company stock worth $3,244,531 over the last quarter. Insiders own 0.36% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Korea Investment CORP raised its position in Norfolk Souther Corporation by 7.8% in the second quarter. Korea Investment CORP now owns 269,011 shares of the railroad operator’s stock worth $32,739,000 after acquiring an additional 19,485 shares during the period. Israel Discount Bank of New York bought a new position in Norfolk Souther Corporation in the first quarter worth approximately $456,000. Pillar Pacific Capital Management LLC raised its position in Norfolk Souther Corporation by 1.2% in the second quarter. Pillar Pacific Capital Management LLC now owns 59,165 shares of the railroad operator’s stock worth $7,200,000 after acquiring an additional 715 shares during the period. Airain ltd bought a new position in Norfolk Souther Corporation in the second quarter worth approximately $2,410,000. Finally, South Dakota Investment Council raised its position in Norfolk Souther Corporation by 339.6% in the first quarter. South Dakota Investment Council now owns 199,658 shares of the railroad operator’s stock worth $22,356,000 after acquiring an additional 154,238 shares during the period. Institutional investors and hedge funds own 70.60% 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.

Earnings History and Estimates for Norfolk Souther Corporation (NYSE:NSC)

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