Norfolk Southern Corp. (NSC) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $1.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.32. Analysts had a consensus of $0.97. The company posted revenue of $2420.00 million in the period, compared to analysts expectations of $2399.88 million. The company’s revenue was down -5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.
Many Wall Street Analysts have commented on Norfolk Southern Corp.. Norfolk Southern Corp. was Resumed by BofA/Merrill to “Neutral” on Apr 13, 2016. Shares were Reiterated by Cowen on Jan 28, 2016 to “Outperform” and Lowered the Price Target to $ 89 from a previous price target of $93 .Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Sector Perform” and Lowered the Price Target to $ 74 from a previous price target of $84 .
Norfolk Southern Corp. closed down -0.09 points or -0.11% at $81.54 with 17,69,240 shares getting traded on Monday. Post opening the session at $81.6, the shares hit an intraday low of $80.7 and an intraday high of $82.22 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 14, 2015, Wesley G Bush (director) purchased 3,000 shares at $81.38 per share price. According to the SEC, on Mar 10, 2015, Thomas E Hurlbut (Vice President and Controller) sold 1,000 shares at $108.19 per share price.
Norfolk Southern Corporation is a holding company. The Company owns a freight railroad Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials intermediate products and finished goods primarily in the Southeast East and Midwest and through interchange with rail carriers to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Company’s system reaches various individual industries electric generating facilities mines distribution centers transload facilities and other businesses located in its service area. The Company’s general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture consumer products and Government; automotive and paper clay and forest products.