Company Update: Norfolk Southern Corporation (NYSE:NSC) – Norfolk Southern to hold first-quarter 2016 earnings conference call April 21

[PR Newswire] – NORFOLK, Va., March 28, 2016 /PRNewswire/ — Norfolk Southern Corporation (NYSE: NSC) will announce its first-quarter financial results during a conference call and live Internet webcast at 4:30 p.m. EDT … Read more on this. Norfolk Southern Corporation (NSC) , with a current market cap of $24.38B, started trading this morning at $83.78. Looking at the stock, its one day range is $80.87 to $83.78 and has traded between $64.51 and $107.31 over the past year. NSC shares are currently priced at 15.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.95x earnings multiple for the same period. The company pays shareholders $2.36 per share annually in dividends, yielding 2.81%. According to a consensus of 22 analysts, the earnings estimate of $0.96 per share would be $0.04 worse than the year-ago quarter and a $0.11 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.34 is a $0.24 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.38 Billion. If reported, that would be a 7.39% decrease over the year-ago quarter. Recently, Avondale upgraded NSC from Mkt Underperform to Mkt Perform (Jan 28, 2016). Previously, Buckingham Research downgraded NSC from Buy to Neutral. Given all the information above, we should disclose to readers that the average price target is $83.30, which is 0.57% below than it opened this morning. See more in (NYSE:NSC) Similar Articles: Market Update: Norfolk Southern Corporation (NYSE:NSC) – Norfolk Southern to present at 31st Annual BB&T Transportation Services Conference on Feb. 10 Stock Update (NYSE:NSC): Norfolk Southern to hold fourth-quarter 2015 earnings conference call Jan. 27, 2016 Market Update: Norfolk Southern Corporation (NYSE:NSC) – Norfolk Southern reports third-quarter 2015 results