Norfolk Southern (NSC) Set to Announce Earnings on Thursday
Norfolk Southern (NYSE:NSC) is scheduled to release its earnings data after the market closes on Thursday, January 24th. Analysts expect Norfolk Southern to post earnings of $2.30 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Norfolk Southern (NYSE:NSC) last announced its earnings results on Wednesday, October 24th. The railroad operator reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. Norfolk Southern had a return on equity of 15.12% and a net margin of 52.82%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $1.75 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. On average, analysts expect Norfolk Southern to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Shares of Norfolk Southern stock opened at $162.81 on Thursday. Norfolk Southern has a 12 month low of $127.79 and a 12 month high of $186.91. The company has a market cap of $44.59 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.34 and a beta of 1.33. The company has a quick ratio of 0.75, a current ratio of 0.86 and a debt-to-equity ratio of 0.69.
In other news, COO Michael Joseph Wheeler sold 801 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $172.55, for a total value of $138,212.55. Following the completion of the sale, the chief operating officer now directly owns 9,406 shares in the company, valued at $1,623,005.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.
About Norfolk Southern
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.
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