Norfolk Southern Corporation (NSC)
| Market Cap | 51.48B |
| Revenue (ttm) | 12.03B |
| Net Income (ttm) | 1.41B |
| Shares Out | 225.89M |
| EPS (ttm) | 6.21 |
| PE Ratio | 36.65 |
| Forward PE | 18.33 |
| Dividend | $5.40 (2.37%) |
| Ex-Dividend Date | May 2, 2024 |
| Volume | 116,282 |
| Open | 227.82 |
| Previous Close | 226.33 |
| Day's Range | 226.45 - 228.98 |
| 52-Week Range | 183.09 - 263.66 |
| Beta | 1.30 |
| Analysts | Buy |
| Price Target | 261.50 (+14.82%) |
| Earnings Date | Apr 24, 2024 |
About NSC
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 produ... [Read more]
Financial Performance
In 2023, NSC's revenue was $12.16 billion, a decrease of -4.62% compared to the previous year's $12.75 billion. Earnings were $1.83 billion, a decrease of -44.13%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for NSC stock is "Buy." The 12-month stock price forecast is $261.5, which is an increase of 14.82% from the latest price.
News
Norfolk Southern shares down 3.2% after shareholders' split decision in board battle
Shares of Norfolk Southern Corp. are down 3.2% Thursday after a preliminary count of shareholder votes indicated a split decision in the keenly-fought battle for control of the company's board.
Norfolk Southern announces shareholders have elected 10 of 13 of the company's director nominees
Results reflect support for leadership team and strategy ATLANTA , May 9, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today that the preliminary vote count of its proxy sol...
Activist Ancora wins three board seats at Norfolk Southern but falls short of ousting CEO
Norfolk Southern shareholders elected three of Ancora's seven director nominees, Ancora Alternatives president Jim Chadwick said Thursday.
Ancora Secures Meaningful Change at Norfolk Southern
CLEVELAND--(BUSINESS WIRE)--Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”) today commented on the prospective outcome of Norfolk Southern Corporation's (NYS...
Ancora to win board representation at Norfolk Southern
Norfolk Southern Corp (NYSE: NSC) is in focus this morning following a report that Ancora Holdings is close to winning board representation at the freight railroad operator.
Norfolk Southern Shareholders Vote Thursday to Keep or Fire CEO
Chief Executive Alan Shaw says the proxy fight is about the future of the railroad industry.
Norfolk Southern Annual Meeting - Vote before May 9 to protect the value of your investment
Shareholders' decision will determine the future of Norfolk Southern Norfolk Southern strongly urges shareholders to vote the WHITE proxy card FOR ONLY Norfolk Southern's 13 highly skilled director no...
Norfolk Southern's strategy and team continue to be praised by customers and industry associations
Key partners voice unwavering support for Norfolk Southern's management team and balanced strategy ATLANTA , May 7, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Tuesday highlighted ad...
Key regulators express support for Norfolk Southern's leadership and strategy, and concerns with Ancora's plan
U.S. Department of Transportation and Surface Transportation Board recognize the importance of Norfolk Southern's safety-driven and service-oriented culture Warn Ancora's plan would put safety and ser...
Norfolk Southern customers: we support the company and its strategy
Energy and Bulk customers share their strong support of CEO Alan Shaw and management team Express concerns that Ancora's plan would hinder and interrupt service for their businesses ATLANTA , May 6, 2...
Ancora Issues Letter to Norfolk Southern's Board to Refute False and Unsupported Claims, Including Those Regarding Railway Labor Act Violations and “Vote Buying” from Labor
CLEVELAND--(BUSINESS WIRE)--Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”) today issued the below letter to the Board of Directors (the “Board”) of Norfolk ...
In Norfolk Southern board battle, proxy adviser Egan-Jones throws weight behind activist Ancora
Egan-Jones is the latest proxy advisory firm to step into the board battle between activist investor Ancora Holdings Group and railroad operator Norfolk Southern Corp.
Jim Barber, Former UPS COO and Member of Ancora's Slate, Sends Letter to Norfolk Southern Shareholders Ahead of May 9th Annual Meeting
CLEVELAND--(BUSINESS WIRE)--Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“No...
All Three Leading Independent Proxy Advisory Firms Recommend Norfolk Southern Shareholders Vote “FOR” Significant Boardroom Change on the BLUE Proxy Card
CLEVELAND--(BUSINESS WIRE)--Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“No...
General Chairmen of the Brotherhood of Locomotive Engineers and Trainmen, Representing Members at Norfolk Southern, Address CEO Alan Shaw's “Unfounded and Desperate” Attacks on Labor Discussions
INDEPENDENCE, Ohio--(BUSINESS WIRE)--The three Brotherhood of Locomotive Engineers and Trainmen (“BLET”) General Chairmen (Scott Bunten, Dewayne Dehart, and Jerry Sturdivant), who are affiliated with ...
ISS says unions and pension funds should back Norfolk Southern activist investor
ESG-focused investors and unions should back Norfolk Southern activist Ancora and its CEO pick Jim Barber, ISS said on Thursday.
The BMWED Teamsters Reiterates Support for Jim Barber at Norfolk Southern
NOVI, Mich.--(BUSINESS WIRE)--The Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters (“BMWED Teamsters” or “BMWED-IBT”) today reiterated its support for ...
Norfolk Southern touts progress and slams activist Ancora's ‘reckless' plan in board battle
Norfolk Southern Corp. touted the company's progress and took aim at activist investor Ancora Holdings Group in a letter sent to shareholders Wednesday.
Norfolk Southern highlights progress, long-term plan to drive shareholder value
Significant momentum underway in key operational metrics including train speed, terminal dwell, Intermodal on-time service and Merchandise velocity Strong management and board oversight in place to me...
Proxy-advisory firm ISS steps into Norfolk Southern's board battle with activist Ancora
Influential proxy-advisory firm Institutional Shareholder Services has entered Norfolk Southern Corp.'s intensifying board battle with activist investor Ancora Holdings Group.
Norfolk Southern CEO Gets ISS's Backing in Proxy Fight
Norfolk Southern's CEO has been endorsed by top proxy firm Institutional Shareholder Services as the railroad's leadership works to fend off a proxy fight from investors led by Ancora Holdings.
ISS Recommends Shareholders Support Significant Change At Norfolk Southern by Voting the Blue Proxy Card “FOR” Five of Ancora's Director Candidates
CLEVELAND--(BUSINESS WIRE)--Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“No...
ISS recommends for majority of Norfolk Southern board nominees
Endorses Alan Shaw's leadership and reflects support for company's strategy Recommendation against Jim Barber makes clear that management change is unwarranted Recommendation overlooks the significant...
ISS endorses most of Ancora nominees for Norfolk Southern board
ISS recommended that shareholders support five of Ancora's seven nominees and seven Norfolk Southern nominees.
Ancora can not be trusted to run a company as vital as Norfolk Southern, says CEO Alan Shaw
Alan Shaw, Norfolk Southern CEO, joins 'Closing Bell Overtime' to talk proxy battle heating up, union outreach, profitability and more.