|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||139.53 - 146.41|
|52 Week Range||111.21 - 157.15|
|PE Ratio (TTM)||7.84|
|Earnings Date||Apr 24, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||2.88 (2.11%)|
|1y Target Est||154.50|
Eastern United States rail freight giant Norfolk Southern (NSC) announced its Q1 2018 earnings today. The railroad’s adjusted EPS (earnings per share) of $1.93 surpassed Thomson Reuters-surveyed analysts’ estimate of $1.77 by 9%. On a YoY (year-over-year) basis, NSC’s adjusted EPS was up 30%, compared with $1.48 in 1Q17.
Shares in Norfolk Southern Corp rose about 5 percent in early trading on Wednesday after the fourth-largest U.S. railroad reported a 27 percent increase in year-over-year quarterly net profit and topped revenue forecasts. The Norfolk, Virginia-based railroad, with a network that spans 22 states across the eastern United States, said its results were fueled by higher volumes and freight rates and a lower effective tax rate. Norfolk Southern has benefited from one of the tightest trucking markets in years, which has caused shippers to move freight to rail to find capacity and cheaper prices.
The Norfolk, Virginia-based company said it had profit of $1.93 per share. The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for ...
Achieves record first-quarter operating income, operating ratio, net income and earnings per share NORFOLK, Va. , April 25, 2018 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today reported ...
NEW YORK, NY / ACCESSWIRE / April 25, 2018 / Norfolk Southern Corporation (NYSE: NSC ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 25, 2018 at 8:45 AM Eastern ...
The top line for rail freight companies depends on their volume growth and pricing ability. Genesee & Wyoming (GWR) is a non-Class I US railroad (IYJ). It’s the largest short line US carrier in the United States and Canada with operations also in the United Kingdom, Europe, and parts of Australia.
NORFOLK, Va. , April 24, 2018 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced the regular quarterly dividend of 72 cents per share on its common stock, payable on June 11 to shareholders ...
Eastern US rail carrier Norfolk Southern (NSC) is set to release its 1Q18 earnings on April 25. The company recorded 2.7% growth in its carload traffic in Week 15 of 2018. Excluding intermodal, its rail traffic grew from 70,800 units in Week 15 last year to more than 72,700 units in 2018.
CSX (CSX) is tracked by 26 analysts surveyed by Thomson Reuters. It has a consensus rating of 2.2, indicating a “buy.” Six analysts (23.1%) have recommended a “strong buy” for the stock, and ten (38.5%) have recommended a “buy.” Eight analysts (30.8%) have given the stock a “hold” rating. After its 1Q18 earnings, there are still two analysts who are recommending a “sell.”
Soft coal and automotive revenues might weigh on Norfolk Southern's (NSC) Q1. However, solid intermodal growth is anticipated to boost results.
NORFOLK, Va. , April 18, 2018 /PRNewswire/ -- Norfolk Southern (NYSE: NSC) has awarded its 2017 Thoroughbred Chemical Safety Award to 52 chemical customers in recognition of their safe handling of rail-shipped ...
Major Eastern US railroad CSX (CSX) has reported declining carload traffic throughout most of 2018. The week ended April 7, 2018, or Week 14, wasn’t an exception. In Week 14, CSX’s carload volumes declined 0.7% YoY (year-over-year) to ~69,800 carloads from ~70,300 carloads in the week ended April 8, 2017.
Norfolk Southern (NSC) is a major rail freight carrier operating in the Eastern US. The company is slated to release its 1Q18 earnings on April 25, 2018. NSC witnessed a marginal 1.0% rise in its carload traffic in Week 14 of 2018. Its carload volumes grew from 68,800 units in 2017 to 69,400 units in 2018.
In this article, we’ll take a look at analysts’ recommendations on CSX (CSX) and its peers in view of its upcoming 1Q18 earnings. There were some changes in analysts’ opinions toward CSX following its 4Q17 earnings. Of the 26 analysts covering the stock, six (23.1%) now have “strong buy” opinions on the stock.
Earlier, we discussed Thomson Reuters–surveyed analysts’ estimates for CSX’s (CSX) 1Q18 operating margins. In this article, we’ll take a look at their earnings estimates for eastern US major railroad companies. Analysts expect CSX to achieve adjusted EPS (earnings per share) of $0.66 in 1Q18, a 29% rise on a YoY (year-over-year) basis.
Analysts expect CSX (CSX) to register an operating margin of 32.2% in 1Q18. This expectation represents a potential 1.4% expansion compared to last year’s operating margin of 30.8%. For 2018, analysts expect the company to attain an operating margin of 35.5%, indicating an expansion of 1.8% over its 2017 margin of 33.8%.
Analysts polled by Thomson Reuters have estimated revenue of $2.8 billion for CSX (CSX) in 1Q18. Compared to the railroad company’s ~$2.9 billion revenue in the same quarter of 2017, analysts’ estimate reflects a 2.6% fall YoY (year-over-year), suggesting that analysts have factored volume losses and competitive losses into the company’s 1Q18. For 2018, analysts expect CSX to register $11.5 billion in revenue, reflecting a 1.2% rise on a yearly basis.
CSX (CSX), a NASDAQ-listed major eastern US rail carrier, is set to release its 1Q18 earnings after the market closes on April 17, 2018.
Zacks Industry Outlook Highlights: Norfolk Southern, CSX, Union Pacific, Canadian National Railway and Halliburton