CSX (NASDAQ:CSX) Posts Earnings Results, Beats Estimates By $0.01 EPS

CSX (NASDAQ:CSX) released its quarterly earnings results on Monday. The transportation company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01, Briefing.com reports. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.70 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS.

CSX Stock Up 0.6 %

NASDAQ:CSX opened at $34.05 on Wednesday. The firm has a market capitalization of $66.57 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20. The stock has a 50 day moving average of $33.55 and a 200-day moving average of $35.03. CSX has a 52 week low of $29.03 and a 52 week high of $40.12. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42.

CSX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, August 30th. CSX’s payout ratio is currently 26.37%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wells Fargo & Company initiated coverage on CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 target price on the stock. Sanford C. Bernstein lifted their target price on CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Monday, July 8th. Stephens reiterated an “overweight” rating and issued a $42.00 target price on shares of CSX in a research note on Tuesday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $36.00 price target on shares of CSX in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

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.