Zacks Research Estimates CSX’s FY2024 Earnings (NASDAQ:CSX)

CSX Co. (NASDAQ:CSX) – Investment analysts at Zacks Research dropped their FY2024 earnings estimates for shares of CSX in a report released on Tuesday, October 29th. Zacks Research analyst M. Basu now expects that the transportation company will earn $1.85 per share for the year, down from their prior forecast of $1.92. The consensus estimate for CSX’s current full-year earnings is $1.93 per share. Zacks Research also issued estimates for CSX’s Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.52 EPS, FY2025 earnings at $2.04 EPS and Q1 2026 earnings at $0.53 EPS.

A number of other research firms also recently weighed in on CSX. Loop Capital cut their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Royal Bank of Canada cut their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. TD Cowen lowered their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Susquehanna lowered their target price on shares of CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Thursday, October 17th. Finally, Bank of America lowered shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.61.

CSX Stock Up 0.3 %

CSX stock opened at $33.64 on Thursday. The company has a market capitalization of $65.76 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.90 and a beta of 1.19. The firm’s fifty day simple moving average is $34.02 and its 200-day simple moving average is $33.81. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42. CSX has a 1-year low of $29.28 and a 1-year high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 EPS.

Institutional Trading of CSX

Several institutional investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise lifted its holdings in CSX by 149.1% during the 2nd quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock valued at $575,000 after purchasing an additional 10,301 shares during the last quarter. Ascent Group LLC lifted its holdings in CSX by 559.7% during the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock valued at $2,179,000 after purchasing an additional 49,869 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in CSX by 20.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after purchasing an additional 80,423 shares during the last quarter. PFG Advisors lifted its holdings in CSX by 2.1% during the 1st quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock valued at $700,000 after purchasing an additional 387 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in CSX by 4.2% during the 1st quarter. Sei Investments Co. now owns 597,426 shares of the transportation company’s stock valued at $22,146,000 after purchasing an additional 23,938 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. CSX’s dividend payout ratio (DPR) is currently 26.37%.

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.