Norfolk Southern (NSC) Projected to Post Quarterly Earnings on Wednesday

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

Norfolk Southern Trading Up 2.0 %

NSC stock opened at $259.70 on Tuesday. Norfolk Southern has a 52 week low of $206.71 and a 52 week high of $277.60. The company has a market cap of $58.76 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.29 and a beta of 1.34. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $249.61 and a 200-day simple moving average of $248.15.

Insider Activity

In other Norfolk Southern news, Director Sameh Fahmy acquired 350 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $249.37 per share, with a total value of $87,279.50. Following the completion of the acquisition, the director now directly owns 10,350 shares in the company, valued at $2,580,979.50. This trade represents a 3.50 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NSC shares. Benchmark lifted their price objective on Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group lifted their price target on shares of Norfolk Southern from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Citigroup increased their price objective on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus lifted their target price on shares of Norfolk Southern from $241.00 to $245.00 and gave the company a “hold” rating in a report on Friday, October 11th. Finally, Evercore ISI lowered their price target on Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $275.68.

About Norfolk Southern

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.