Source: Keith Homan / Shutterstock.com Humana (NYSE: HUM ) stock is heading higher on Thursday after the health insurance company revised its guidance during its Investor Day event. That revised guidance now has Humana expecting adjusted earnings per share of approximately $25 for the full year of 2022. The prior outlook was for $24.75 per share. To put that in perspective, Wall Street is expecting the company to report an adjusted EPS of $24.83 for the year. To go along with that, Humana also introduced a new adjusted EPS guidance of $37 per share for the full year of 2025. This represents a compounded annual growth rate of 14% compared to its latest adjusted EPS guidance for 2022. Bruce Broussard, president and CEO of Humana, said the following about the earnings report. “We are confident in our ability to deliver compelling, sustainable earnings growth, both in the near and longer term which will continue to drive shareholder value. Our strong competitive positioning and unique capabilities in the highly attractive individual Medicare Advantage market, coupled with the opportunity to scale and further integrate our CenterWell healthcare services capabilities, positions us for durable leadership in the value-based care industry.” HUM is seeing decent trading today with some 700,000 shares on the move.
Shares of Union Pacific Corp and Norfolk Southern rose on Thursday after major U.S. railroads clinched a tentative deal with unions for better pay and working conditions, narrowly averting a rail shutdown. The two sides reached the agreement following 20 hours of intense talks brokered by the Biden administration. The deal now goes to the […]
A national rail strike that threatened to cost the U.S. economy $2 billion has been narrowly averted, sending railroad stocks higher.
Check out the companies making headlines before the bell: Union Pacific (UNP), CSX (CSX), Norfolk Southern (NSC) – Rail stocks are all higher in the premarket following news of a tentative agreement that prevents a rail workers’ strike. CSX – which also named former Ford Motor (F) President Joe Hinrichs as its new CEO – […] The post Rail stocks, Arconic, NextEra Energy and more appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .
Stocks stabilized Wednesday after Tuesday''s hotter-than-expected inflation data sparked Wall Street''s worst selloff in over two years. Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday''s consumer price index (CPI) , the PPI – which measures what suppliers are charging for goods and services – rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July''s figures. SEE MORE 12 REITs Flaunting Fast-Growing Dividends "There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That''s an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes." While yesterday''s selling was broad-based, today''s action was more mixed.
DETROIT/LOS ANGELES — Biden administration officials, racing to avert a potential rail shutdown that could disrupt cargo shipments and impede food and fuel supplies, hosted labor contract talks on Wednesday as one of the smaller unions involved in the dispute rejected a deal. Railroads including Union Pacific, Berkshire Hathaway’s BNSF and Norfolk Southern have until […]
Norfolk Southern''s automotive-related freight is set to recover after being negatively impacted by the semiconductor shortage. See why I rate NSC as a Hold.
Shares of railroad operators fell Wednesday, helping drag the Dow Jones Transportation Average down by 1.3% in midday trading despite a 39-point gain in the Dow Jones Industrial Average and 0.3% rise in the S&P 500 , amid concerns over a possible labor strike. Shares of Union Pacific Corp. shed 4.8%, Norfolk Southern Corp. dropped 2.8% and CSX Corp. slumped 2.6%. The combined price declines of those stocks shaved about 112 points off the Dow transports'' price, while the Dow transports fell 174 points. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Most rail unions have settled on new contracts, but a Union Pacific walkout could spell economic trouble, putting railroad stocks in focus.
Norfolk Southern profits were up by only 2%, and the culprits were higher fuel and materials costs. Click here to read my analysis of the NSC stock.
US Railroads Enact "Contingency Plans," Preparing For Labor Strike As Union Talks Fail Railroads and labor unions worked through the weekend to make a deal. There were little signs of progress, and rail companies are now taking steps Monday to secure shipments of hazardous and security-sensitive materials "in light of the possibility of a rail labor strike," the Association of American Railroads (AAR) wrote in a statement. On Sunday, Norfolk Southern released a statement detailing it had "begun enacting its contingency plans for a controlled shut down of our network at 00:01 on Friday, Sept. 16." The railroad said two labor unions are holding out on new contracts, "we still do not have a commitment not to strike and must act accordingly," adding, "Our goal is to ensure that in the event of a work stoppage, crews, equipment, and freight safely reach their destinations with minimal disruption." Union Pacific and CSX also announced contingency plans for a possible work stoppage. BNSF told customers to call Congress so lawmakers on Capitol Hill can "intervene to prevent or quickly resolve the service disruption" if a labor strike materializes on Friday.
Futures Jump As Dollar Slide Accelerates It appears that Goldman''s trading desk was right again. Just days after the vampire squid''s sellside researchers were warning that the market has not yet bottomed, the bank''s far more accurate flow traders said that " The Pain Trade Is Now Up, The CPI Doesn''t Matter At All, And The Q4 Chase Starts Early ", and on Monday morning it was all engines go in global stock markets, with US equities poised to extend their brisk rally from last week as investors braced for the final CPI before the Federal Reserve’s September decision. Futures for the S&P 500 and Nasdaq 100 both rose 0.5% each at 715 a.m. in New York, extending above their Friday session highs, putting the underlying gauges on track for a fourth day of gains, while Europe''s Stoxx 600 index climbed for a third day, and Asia was almost all green. Treasury yields dropped and the dollar retreated further as traders bet inflation is near peaking even as Fed talking heads ramped up hawkish rhetoric (it''s ok, the Fed is always 9-12 months behind the curve).
The following slide deck was published by Norfolk Southern Corporation in conjunction with this event.
OMAHA, Neb. (AP) — Major freight railroads, in a bid to apply pressure on unions and Congress, say a strike that could come after a key deadline passes next week would cost the economy more than $2 billion a day and disrupt deliveries of all kinds of goods and passenger traffic nationwide. The Association of American Railroads trade group issued a report estimating the dire consequences of a strike Thursday, one day after U.S. Labor Secretary Marty Walsh took part in talks to try and help hammer out an agreement. A strike or lockout won’t be allowed until next Friday at the soonest under the federal that governs railroad negotiations. Five of the 12 unions involved that together represent some 115,000 workers have announced tentative agreements covering over 21,000 workers based on a set of recommendations that a special panel appointed by President Joe Biden made last month, but several key unions are holding out in the hope that the railroads will agree to go beyond those recommendations and address some of their concerns about working conditions.
Norfolk Southern is dealing with operating inefficiencies and higher costs. Read about the ongoing labor dispute with Class I railroads in the US and my recommendation.
Norfolk Southern Corporation (NYSE:NSC) shares, rose in value on Friday, 08/26/22, with the stock price down by -3.80% to the previous day’s close as strong demand from buyers drove the stock to $252.99. Actively observing the price movement in the last trading, the stock closed the session at $262.99, falling within a range of $252.88 … Norfolk Southern Corporation (NYSE: NSC) Down -3.80%: This Is What Analysts Now Expect Read More »
The railroad industry has caught the market’s attention lately as the federal regulator, the Surface Transportation Board (STB), highlighted issues and suggested ways to revitalize the country’s freight services. Notably, the U.S. freight railroad industry is dominated by a few big players, including Union Pacific Corporation (NYSE:UNP), CSX Corporation (NASDAQ:CSX), and Norfolk Southern Corporation (NYSE:NSC). Interestingly, these companies are part of the portfolios of some prominent U.S. politicians as well. The Chairman of STB, Martin Oberman, hinted that the railroad industry is plagued with supply-chain issues. These headwinds are the byproduct of companies reducing their human resources to stay profitable in the business over the years.
Norfolk Southern Corporation (NYSE:NSC) price on Friday, August 19, fall -1.10% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $255.75. A look at the stock’s price movement, the close in the last trading session was $258.60, moving within a range at $255.11 and $257.89. The beta value … Thinking Of Selling Norfolk Southern Corporation (NYSE: NSC) Shares? You Need To Know This Read More »
https://www.investing.com/news/pro/raymond-james-assumes-norfolk-southern-at-market-perform-432SI-2875067
Investors in Norfolk Southern Corp (Symbol: NSC) saw new options begin trading today, for the September 30th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the NSC options chain for the new September 30th contracts and identified one put a
Norfolk Southern (NYSE: NSC ) has outperformed the market over the past 15 years by 4.33% on an annualized basis producing an average annual return of 11.24%. Currently, Norfolk Southern has a market capitalization of $58.24 billion. Buying $100 In NSC: If … Full story available on Benzinga.com
Thursday marks the last chance for investors to receive the next dividend payout from Norfolk Southern (NYSE: NSC ). What''s Happening The company announced on Friday that it would pay shareholders a quarterly dividend of $1.24 per share. On Friday, Norfolk Southern will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock … Full story available on Benzinga.com
Kellogg announced that its Board of Directors declared a dividend of $0.59 per share on the common stock of the Company, payable on September 15, 2022, to shareowners of record at the close of business on September 1, 2022. As the Company previously announced in April, this ref
Norfolk Southern (NYSE:NSC) declares $1.24/share quarterly dividend, in line with previous.Forward yield 1.99%Payable Aug. 20; for shareholders of record Aug. 8; ex-div Aug.
ATLANTA , July 29, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC ) today announced a regular quarterly dividend of $1.24 per share on its common stock. Full story available on Benzinga.com
According to Benzinga Pro, during Q2, Norfolk Southern (NYSE: NSC ) earned $819.00 million, a 16.5% increase from the preceding quarter. Norfolk Southern also posted a total of $3.25 billion in sales, a 11.49% increase since Q1. In Q1, Norfolk Southern earned $703.00 million, and total sales reached $2.92 billion. What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company''s ROCE. A higher ROCE is generally representative of successful growth of … Full story available on Benzinga.com
https://www.investing.com/news/pro/norfolk-southern-pt-lowered-to-282-at-ubs-432SI-2856286
https://www.investing.com/news/pro/norfolk-southern-pt-raised-to-261-at-bnp-paribas-432SI-2855689
Norfolk Southern Corporation (NYSE:NSC) price is hovering lower on Wednesday, July 27, dropping -2.02% below its previous close. A look at today’s price movement shows that the recent level at last check reads $244.61, with intraday deals fluctuating between $244.165 and $247.72. The company’s 5Y monthly beta was ticking 1.38 while its P/E ratio in … Norfolk Southern Corporation (NYSE: NSC) Is Down -2.02% – Can It Revive? Read More »
Norfolk Southern Corp (NYSE: NSC ) reported second-quarter FY22 railway operating revenue growth of 16% year-over-year to $3.25 billion , beating the consensus of $3.13 billion. EPS improved to $3.45 from $3.28 in 2Q21, below the consensus of $3.47. Revenue was driven by a 20% increase in … Full story available on Benzinga.com
Norfolk Southern (NSC) is scheduled to announce Q2 earnings results on Wednesday, July 27th, before market open.The consensus EPS Estimate is $3.47 (+5.8% Y/Y) and the consensus…
Norfolk Southern reports earnings next week after its largest two peers CSX and UNP reported this week. Read what could be in store for this rail giant.
Norfolk Southern Corporation found using ticker (NSC) now have 23 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 331 and 197 calculating the mean target price we have 268.13. Now with the previous closing price of 237.87 this is indicating there is a potential upside of 12.7%. The 50 day MA is 233.09 and the 200 day moving average is 264.43. The company has a market cap of $57,703m. Find out more information at: https://www.norfolksouthern.com [stock_market_widget type="chart" template="basic" color="green" assets="NSC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $65,043m based on the market concensus. 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, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; 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.
NORFOLK (dpa-AFX) - Transportation company Norfolk Southern Corp. (NSC) announced Thursday that it has increased Conductor Trainee pay to $25 per hour, with a minimum of $200 in earnings per shift…
https://www.investing.com/news/pro/norfolk-southern-pt-lowered-to-292-at-loop-capital-432SI-2850432
Norfolk Southern is selling off as a result of lower economic growth expectations and ongoing headwinds related to labor and operating efficiencies.
CSX Corporation (NASDAQ: CSX ) and Norfolk Southern Corp. (NYSE: NSC ) traded higher on Friday after Stifel upgraded the two companies from a Hold rating to a Buy rating. In the recent industry report, Benjamin Nolan analyzed the current state of American railways and offered insight on recessionary trends as compared to the 2008-2009 Great Recession. CSX shed 9.19% of its value in June, and 18.74% in the last six months; while NSC lost 6.06% in June, and 17.54% in the last six months — vs. the S&P 500 which shed 7.19%, and 16.03% respectively — Nolan still finds value in the current context. Rail stocks have been re-rated and are now trading at significantly "more attractive multiples" in comparison to previously predicted earnings power, Nolan said. “However, moving into a softer macroeconomic environment and perhaps a recession, the volumes, prices, and ultimately earnings and cash flows of the rails could be impacted,” Nolan writes, “However, relative to previous cycles, we believe rails should be better insulated as persistently higher fuel prices should enable share gains over trucking.
Norfolk Southern (NYSE: NSC ) has outperformed the market over the past 20 years by 5.34% on an annualized basis producing an average annual return of 13.5%. Currently, Norfolk Southern has a market capitalization of $54.17 billion. Buying $1000 In NSC: If … Full story available on Benzinga.com
CSX Corp and Norfolk Southern Upgraded by Stifel n ''Much More Attractive Multiples''
Friday''s additional top analyst upgrades and downgrades included Allogene Therapeutics, CSX, Norfolk Southern, Qualcomm, Toyota and Yelp.
Rail stocks have been on a ride lower in 2022, but Stifel analyst Benjamin Nolan indicated the names may have fallen farther than they deserve in a note on Friday.
A train derailment in Georgia has resulted in road closures but no injuries were reported as crews work to clean up the scene, officials said.
Shares of Union Pacific Corp. sank 1.6% and Norfolk Southern Corp. dropped 0.8% in midday trading Tuesday, after JPMorgan analyst Brian Ossenbeck downgraded both railroad operators to neutral from overweight, citing lower earnings expectations due to persistently weak operations and lower economic forecasts. Ossenbeck said that although the stocks'' risk-versus-reward profiles appears balanced given that prices have already dropped from peak valuations levels in late March, the selloffs have not yet priced in the full impact of a potential freight recession, and the consensus analyst earnings estimates actually went up since the first quarter. Union Pacific shares have slumped 15.8% over the past three months and Norfolk shares have shed 13.5%, while the Dow Jones Transportation Average has declined 8.3% and the Dow Jones Industrial Average has given up 8.5%. Ossenbeck said he was "increasingly cautious" on the U.S. rails'' ability to hire and retain sufficient labor, and because they are also likely to be slow to adjust headcount lower if economic conditions deteriorate.
Norfolk Southern Corporation found using ticker (NSC) have now 24 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 340 and 197 and has a mean target at 285.13. Now with the previous closing price of 225.74 this is indicating there is a potential upside of 26.3%. There is a 50 day moving average of 238.89 and the 200 day MA is 265.14. The company has a market cap of $54,519m. You can visit the company''s website by visiting: https://www.norfolksouthern.com [stock_market_widget type="chart" template="basic" color="green" assets="NSC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $68,862m based on the market concensus. 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, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; 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.
US Rail System Still Deteriorating By Rick Paterson of Loop Capital Markets, first published in Railway Age We’re now in the second half of 2022, when the four major U.S. Class I’s have committed to turning their operations around, but the current state of play is not encouraging. Only Union Pacific has made any progress in recent months, but that has been from a low base and fading somewhat over the past two weeks. We would regard UP and Norfolk Southern as now in a “steady state” and it’s the other two we’re more worried about in terms of trajectory. BNSF’s intermodal business, in particular, is really struggling and in no shape to handle peak season volumes, which typically start around mid-August. Last week, BNSF Intermodal hit new lows in terms of network velocity (28.9 mph vs. 32.3 average in 2021) and on-time performance (only 57% of containers deramped within 24-hours of schedule), and a new high in terms of intermodal cars sitting idle for 48-hours or longer (1,610 out of 19,969 intermodal cars-on-line).
Norfolk Southern (NYSE: NSC ) has outperformed the market over the past 10 years by 1.46% on an annualized basis producing an average annual return of 12.1%. Currently, Norfolk Southern has a market capitalization of $53.72 billion. Buying $100 In NSC: If … Full story available on Benzinga.com
Port Of Houston Marks All-Time Container Volume Record By Noi Mahoney of American Shipper Gulf Coast ports got a boost in May from strong container volumes, as well as imports of steel and plywood and exports of crude oil and petroleum products. Port of Houston reaches all-time TEU record in May Port of Houston hit an all-time record for monthly container volumes in May, handling 335,000 twenty-foot equivalent units, a 16% increase over the same period last year. “Container activity continues to be at record levels. It seems like we’re talking about new records at the port every day,” Roger Guenther, Port Houston’s executive director, said during the port’s monthly meeting Tuesday. “There’s really no signs of [volume] backing off of the imports or exports and actually the exports are beginning to rebound a little bit.” Total import tonnage was 2.8 million tons in May, a 32% year-over-year increase. Total export tonnage was 2.1 million tons, a 2% year-over-year decrease. Imports of steel increased 72% year over year in May to 401,587 tons.
Since I wrote my avoid piece on Norfolk Southern shares, they''re down dramatically. Read why it may make sense to buy now or to wait.
Norfolk Southern Corp. (NSC) shares closed today at 1.0% above its 52 week low of $219.31, giving the company a market cap of $56B. The stock is currently down 24.9% year-to-date, down 15.6% over the past 12 months, and up 104.0% over the past five years. This week, the Dow Jones Industrial Average fell 4.8%, and the S&P 500 fell 5.7%. Trading Activity Trading volume this week was 27.3% higher than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.The stock closed at 0.7% lower than its 5-day moving average, 5.7% lower than its 20-day moving average, and 14.1% lower than its 90-day moving average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 144.9% The company's stock price performance over the past 12 months lags the peer average by 743.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 72.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Norfolk Southern Corporation (NSC)’s stock is trading at $222.61 at the moment marking a fall of -0.84% from the last session close. As of this writing, shares are priced at -25.60% less than their 52-week high of $299.20, and 0.80% over their 52-week low of $220.85. Based on the past 30-day period, the stock price … Do you want to know where to find good stock? Take a look at Norfolk Southern Corporation’s (NYSE:NSC) Sentiment Analysis Read More »