CSX (CSX) Projected to Post Earnings on Thursday

CSX (NASDAQ:CSX) is expected to be announcing its earnings results after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.44 per share and revenue of $3,572,172.06 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

CSX Price Performance

CSX stock opened at $32.73 on Tuesday. The stock has a market capitalization of $63.12 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.93 and a beta of 1.22. CSX has a 12-month low of $31.43 and a 12-month high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The firm’s 50-day moving average is $33.82 and its two-hundred day moving average is $33.96.

Analysts Set New Price Targets

Several analysts have commented on CSX shares. Stephens lowered their target price on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Royal Bank of Canada lowered their price objective on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company reduced their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Barclays lowered their price target on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday. Finally, Susquehanna cut their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.65.

About CSX

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.