Brokerages expect CSX Co. (NASDAQ:CSX) to report earnings of $0.91 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for CSX’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.99. CSX reported earnings of $1.08 per share during the same quarter last year, which would indicate a negative year over year growth rate of 15.7%. The company is scheduled to report its next earnings results on Wednesday, October 21st.
On average, analysts expect that CSX will report full-year earnings of $3.52 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $3.65. For the next year, analysts forecast that the company will post earnings of $4.10 per share, with EPS estimates ranging from $3.80 to $4.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for CSX.
CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.31 billion. CSX had a return on equity of 24.24% and a net margin of 26.39%. During the same period last year, the company earned $1.08 EPS.
CSX has been the subject of several analyst reports. Credit Suisse Group raised their price objective on CSX from $78.00 to $83.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. They noted that the move was a valuation call. Citigroup increased their price target on CSX from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Deutsche Bank increased their price target on CSX from $71.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. BMO Capital Markets increased their price target on CSX from $71.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley increased their price target on CSX from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. CSX presently has a consensus rating of “Buy” and a consensus target price of $74.78.
NASDAQ:CSX opened at $78.96 on Thursday. The firm has a market capitalization of $60.41 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 2.88 and a beta of 1.17. CSX has a 1 year low of $46.81 and a 1 year high of $80.62. The business has a 50 day simple moving average of $74.34 and a 200-day simple moving average of $67.85. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.62 and a quick ratio of 1.51.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. CSX’s dividend payout ratio is presently 24.94%.
In other news, EVP Nathan D. Goldman sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $75.54, for a total value of $1,888,500.00. Following the completion of the sale, the executive vice president now owns 100,174 shares of the company’s stock, valued at approximately $7,567,143.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John J. Zillmer sold 20,500 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $72.13, for a total value of $1,478,665.00. Following the completion of the sale, the director now directly owns 152,539 shares of the company’s stock, valued at approximately $11,002,638.07. The disclosure for this sale can be found here. Insiders sold a total of 82,336 shares of company stock worth $6,140,916 over the last quarter. Company insiders own 0.58% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Capital World Investors lifted its position in CSX by 6.8% during the 1st quarter. Capital World Investors now owns 60,681,919 shares of the transportation company’s stock worth $3,477,077,000 after acquiring an additional 3,886,502 shares during the period. BlackRock Inc. lifted its position in CSX by 7.9% during the 2nd quarter. BlackRock Inc. now owns 50,729,513 shares of the transportation company’s stock worth $3,537,875,000 after acquiring an additional 3,731,213 shares during the period. Capital International Investors lifted its position in CSX by 26.7% during the 1st quarter. Capital International Investors now owns 20,891,017 shares of the transportation company’s stock worth $1,197,057,000 after acquiring an additional 4,400,639 shares during the period. Bank of New York Mellon Corp lifted its position in CSX by 14.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,700,050 shares of the transportation company’s stock worth $676,483,000 after acquiring an additional 1,208,281 shares during the period. Finally, Invesco Ltd. lifted its position in CSX by 13.9% during the 1st quarter. Invesco Ltd. now owns 7,252,680 shares of the transportation company’s stock worth $415,580,000 after acquiring an additional 885,854 shares during the period. 73.51% of the stock is owned by hedge funds and other institutional investors.
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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