CSX (CSX) Scheduled to Post Quarterly Earnings on Wednesday

CSX (NASDAQ:CSX) will be releasing its earnings data after the market closes on Wednesday, October 16th. Analysts expect CSX to post earnings of $0.48 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

CSX (NASDAQ:CSX) last announced its earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. On average, analysts expect CSX to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CSX Stock Up 1.2 %

Shares of CSX stock opened at $34.96 on Monday. The firm’s 50-day moving average is $33.93 and its 200-day moving average is $34.01. CSX has a 52-week low of $29.03 and a 52-week high of $40.12. The stock has a market cap of $68.34 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.90 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.37%. CSX’s payout ratio is 26.37%.

Analyst Ratings Changes

CSX has been the topic of a number of recent research reports. Barclays dropped their price target on shares of CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 25th. Citigroup started coverage on shares of CSX in a research report on Wednesday, October 9th. They set a “buy” rating and a $42.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $36.00 price target on shares of CSX in a research note on Tuesday, August 6th. Stephens reaffirmed an “overweight” rating and set a $42.00 price target on shares of CSX in a report on Tuesday, August 6th. Finally, Sanford C. Bernstein boosted their target price on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and a consensus price target of $39.19.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.