Media stories about Norfolk Southern (NYSE:NSC) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Norfolk Southern earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the railroad operator an impact score of 46.622056467362 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Upbeat Jobs Data May Lead To Extended Rally On Wall Street (markets.businessinsider.com)
- Norfolk Southern (NSC) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- NSC Crosses Above Average Analyst Target – Nasdaq (nasdaq.com)
- Norfolk Southern Corp. (NSC) Expected to Announce Quarterly Sales of $2.69 Billion (americanbankingnews.com)
- Analysts Expect Norfolk Southern Corp. (NSC) to Post $1.85 Earnings Per Share (americanbankingnews.com)
Several brokerages recently weighed in on NSC. Loop Capital downgraded Norfolk Southern from a “hold” rating to a “sell” rating and set a $133.00 target price on the stock. in a research note on Monday, November 27th. ValuEngine raised Norfolk Southern from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BMO Capital Markets reaffirmed a “hold” rating and set a $156.00 price target on shares of Norfolk Southern in a research report on Monday, January 8th. Royal Bank of Canada reissued a “sell” rating and issued a $137.00 price objective on shares of Norfolk Southern in a report on Tuesday, January 9th. Finally, Scotiabank raised Norfolk Southern from a “sector perform” rating to a “buy” rating and set a $165.00 price target for the company in a report on Friday, January 12th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $140.15.
Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Wednesday, January 24th. The railroad operator reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.13. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.66 billion. Norfolk Southern had a return on equity of 14.16% and a net margin of 51.22%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.42 earnings per share. equities analysts expect that Norfolk Southern will post 8.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 2nd were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.02%. This is an increase from Norfolk Southern’s previous quarterly dividend of $0.61. The ex-dividend date was Thursday, February 1st. Norfolk Southern’s dividend payout ratio (DPR) is presently 15.38%.
In other Norfolk Southern news, VP Thomas E. Hurlbut sold 467 shares of Norfolk Southern stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $150.17, for a total value of $70,129.39. Following the completion of the sale, the vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $750,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas E. Hurlbut sold 1,000 shares of Norfolk Southern stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $142.90, for a total transaction of $142,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,166 shares of company stock valued at $1,958,040. Insiders own 0.36% of the company’s stock.
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About Norfolk Southern
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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