Norfolk Southern (NYSE:NSC – Get Free Report) released its quarterly earnings results on Wednesday. The railroad operator reported $2.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.58 by ($0.09), Briefing.com reports. Norfolk Southern had a net margin of 15.03% and a return on equity of 21.06%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the business posted $3.32 EPS. Norfolk Southern’s revenue was down 4.1% compared to the same quarter last year.
Norfolk Southern Stock Up 0.8 %
NYSE:NSC traded up $1.91 during trading hours on Thursday, hitting $238.13. 584,472 shares of the company’s stock traded hands, compared to its average volume of 1,272,440. The firm has a market cap of $58.63 billion, a P/E ratio of 29.40, a P/E/G ratio of 3.34 and a beta of 1.30. Norfolk Southern has a twelve month low of $183.09 and a twelve month high of $263.66. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.14 and a current ratio of 1.24. The stock’s fifty day moving average price is $252.34 and its two-hundred day moving average price is $232.12.
Norfolk Southern Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 3rd will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, May 2nd. Norfolk Southern’s dividend payout ratio is 67.33%.
Analysts Set New Price Targets
Read Our Latest Stock Report on NSC
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.
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