FY2018 Earnings Estimate for Norfolk Souther Corporation Issued By CLSA (NSC)

Norfolk Souther Corporation (NYSE:NSC) – Equities research analysts at CLSA decreased their FY2018 EPS estimates for Norfolk Souther Corporation in a research report issued on Monday. CLSA analyst D. Lipschitz now expects that the firm will earn $6.70 per share for the year, down from their prior estimate of $6.86. CLSA currently has a “Underperform” rating on the stock.

Norfolk Souther Corporation (NYSE:NSC) last released its quarterly earnings data on Wednesday, October 26th. The railroad operator reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. The business earned $2.52 billion during the quarter, compared to the consensus estimate of $2.25 billion. Norfolk Souther Corporation had a return on equity of 13.15% and a net margin of 16.27%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 EPS.

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

Several other research firms have also issued reports on NSC. Seaport Global Securities lowered shares of Norfolk Souther Corporation from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $101.00 to $106.00 in a research report on Monday. They noted that the move was a valuation call. Vertical Group upgraded shares of Norfolk Souther Corporation from a “sell” rating to a “hold” rating in a research report on Friday, November 11th. Vertical Research upgraded shares of Norfolk Souther Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, November 10th. Zacks Investment Research upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Friday, October 7th. Finally, Bank of America Corporation upgraded shares of Norfolk Souther Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $97.00 to $110.00 in a research report on Tuesday, October 11th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $93.07.

Norfolk Souther Corporation (NYSE:NSC) traded up 1.07% during mid-day trading on Wednesday, hitting $110.43. The stock had a trading volume of 999,979 shares. The firm’s 50-day moving average is $107.86 and its 200 day moving average is $96.19. The stock has a market cap of $32.24 billion, a PE ratio of 20.45 and a beta of 1.19. Norfolk Souther Corporation has a one year low of $64.51 and a one year high of $112.99.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Albert D Mason Inc. increased its position in shares of Norfolk Souther Corporation by 78.5% in the third quarter. Albert D Mason Inc. now owns 44,754 shares of the railroad operator’s stock valued at $4,344,000 after buying an additional 19,682 shares during the period. Bank of Montreal Can purchased a new position in shares of Norfolk Souther Corporation during the second quarter valued at approximately $37,178,000. Skylands Capital LLC increased its position in shares of Norfolk Souther Corporation by 10.2% in the second quarter. Skylands Capital LLC now owns 176,200 shares of the railroad operator’s stock valued at $15,000,000 after buying an additional 16,350 shares during the period. Speece Thorson Capital Group Inc. increased its position in shares of Norfolk Souther Corporation by 11.2% in the second quarter. Speece Thorson Capital Group Inc. now owns 126,476 shares of the railroad operator’s stock valued at $10,767,000 after buying an additional 12,782 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Norfolk Souther Corporation by 0.8% in the third quarter. California State Teachers Retirement System now owns 649,585 shares of the railroad operator’s stock valued at $63,049,000 after buying an additional 5,400 shares during the period. Hedge funds and other institutional investors own 67.83% of the company’s stock.

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In related news, VP Thomas E. Hurlbut sold 2,170 shares of Norfolk Souther Corporation stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $91.21, for a total value of $197,925.70. Following the transaction, the vice president now owns 8,560 shares in the company, valued at approximately $780,757.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marta R. Stewart sold 2,023 shares of Norfolk Souther Corporation stock in a transaction on Monday, November 7th. The stock was sold at an average price of $94.10, for a total transaction of $190,364.30. Following the completion of the transaction, the executive vice president now owns 12,127 shares in the company, valued at approximately $1,141,150.70. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

About Norfolk Souther Corporation

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. The Company operates approximately 20,000 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.

5 Day Chart for NYSE:NSC

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