$1.61 EPS Expected for Norfolk Southern Corp. (NSC)

July 18, 2017 - By Richard Conner

 $1.61 EPS Expected for Norfolk Southern Corp. (NSC)
Investors sentiment decreased to 0.81 in Q4 2016. Its down 0.09, from 0.9 in 2016Q3. It is negative, as 54 investors sold Norfolk Southern Corp. shares while 354 reduced holdings. 87 funds opened positions while 242 raised stakes. 197.51 million shares or 1.15% more from 195.27 million shares in 2016Q3 were reported.
New York-based State Common Retirement Fund has invested 0.12% in Norfolk Southern Corp. (NYSE:NSC). Proshare Advisors Ltd Liability Com invested 0.03% of its portfolio in Norfolk Southern Corp. (NYSE:NSC). Us Bancorporation De has invested 0.14% of its portfolio in Norfolk Southern Corp. (NYSE:NSC). Korea Invest Corporation reported 32,446 shares stake. California Employees Retirement Systems owns 700,631 shares. Toronto Dominion Natl Bank, Ontario – Canada-based fund reported 50,357 shares. Wells Fargo & Mn stated it has 0.22% of its portfolio in Norfolk Southern Corp. (NYSE:NSC). Wg Shaheen Associates Dba Whitney owns 39,306 shares. Johnson Fincl Gru reported 28,155 shares. Century Cos has invested 0.13% in Norfolk Southern Corp. (NYSE:NSC). Hilltop Holdings holds 1,905 shares. Washington stated it has 0.02% in Norfolk Southern Corp. (NYSE:NSC). Alpha Windward Ltd Liability Com has invested 0.17% in Norfolk Southern Corp. (NYSE:NSC). Liberty Mutual Gru Asset Management accumulated 22,042 shares. Global X Lc owns 0.01% invested in Norfolk Southern Corp. (NYSE:NSC) for 2,285 shares.

Since January 26, 2017, it had 0 buys, and 15 insider sales for $7.00 million activity. Galanko William Andrew had sold 5,934 shares worth $706,917 on Monday, February 6. 2,331 shares were sold by STEWART MARTA R, worth $290,046. On Thursday, January 26 Squires James A sold $4.12 million worth of Norfolk Southern Corp. (NYSE:NSC) or 34,417 shares. The insider BUSH WESLEY G sold $119. LOCKHART MICHAEL D had sold 1 shares worth $117.

Investors wait Norfolk Southern Corp. (NYSE:NSC) to report on July, 26. its quarterly earnings Wall Street analysts expect $1.61 EPS, up $0.25 or 18.38 % from last year’s $1.36 same quarter earnings. This translates into $471.92 million profit for NSC giving the stock a 19.18 P/E. This is assuming the current $1.61 EPS is accurate. Norfolk Southern Corp.’s Wall Street analysts see 8.78 % EPS growth, taking into account the $1.48 EPS reproted in the previous quarter, The stock decreased 0.40% or $0.5 during the last trading session, reaching $123.5. About 1.01M shares traded. Norfolk Southern Corp. (NYSE:NSC) has risen 34.32% since July 18, 2016 and is uptrending. It has outperformed by 17.62% the S&P500.

Norfolk Southern Corp. (NYSE:NSC) Ratings Coverage

Among 24 analysts covering Norfolk Southern Corp. (NYSE:NSC), 5 have Buy rating, 5 Sell and 14 Hold. Therefore 21% are positive. Norfolk Southern Corp. had 53 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, January 28. As per Thursday, January 28, the company rating was upgraded by Avondale. The stock of Norfolk Southern Corp. (NYSE:NSC) earned “Buy” rating by Bank of America on Tuesday, October 11. The stock has “Neutral” rating by Credit Suisse on Friday, February 19. BMO Capital Markets maintained Norfolk Southern Corp. (NYSE:NSC) on Thursday, June 1 with “Hold” rating. The firm has “Buy” rating by Deutsche Bank given on Wednesday, November 2. Barclays Capital maintained the shares of NSC in report on Monday, April 11 with “Equal-Weight” rating. Cowen & Co maintained the shares of NSC in report on Monday, July 10 with “Buy” rating. Deutsche Bank maintained the shares of NSC in report on Monday, October 12 with “Hold” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 29.

Norfolk Southern Corporation is a holding firm engaged in the rail transportation business. The company has market cap of $36.20 billion. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. It has a 21.43 P/E ratio. The Firm is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

More recent Norfolk Southern Corp. (NYSE:NSC) news were published by: Nasdaq.com which released: “Norfolk Southern Shares Cross 2% Yield Mark” on July 06, 2017. Also Gurufocus.com published the news titled: “New England Research & Management, Inc. Buys Norfolk Southern Corp, Amgen Inc …” on July 11, 2017. Investorplace.com‘s news article titled: “Trade of the Day: Get On the Norfolk Southern Corp. (NSC) Stock Train” with publication date: June 26, 2017 was also an interesting one.

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