CSX (CSX) Set to Announce Quarterly Earnings on Wednesday

CSX (NASDAQ:CSX) will issue its quarterly earnings data after the market closes on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

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

CSX Trading Up 0.7 %

Shares of CSX stock opened at $33.87 on Wednesday. The stock has a fifty day moving average price of $33.96 and a 200-day moving average price of $34.07. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. The firm has a market cap of $66.21 billion, a PE ratio of 18.61, a P/E/G ratio of 1.91 and a beta of 1.19. CSX has a 1 year low of $29.03 and a 1 year high of $40.12.

CSX Dividend Announcement

The company also recently disclosed 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. This represents a $0.48 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s dividend payout ratio (DPR) is currently 26.37%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Stephens reissued an “overweight” rating and issued a $42.00 target price on shares of CSX in a research note on Tuesday, August 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $36.00 price target on shares of CSX in a research note on Tuesday, August 6th. Susquehanna increased their price objective on CSX from $41.00 to $42.00 and gave the company a “positive” rating in a research report on Wednesday, October 2nd. Finally, Evercore ISI raised CSX to a “strong-buy” rating in a research note on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.00.

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.