CSX (CSX) to Release Quarterly Earnings on Wednesday

CSX (NASDAQ:CSXGet Rating) is set to post its quarterly earnings results after the market closes on Wednesday, April 20th. Analysts expect CSX to post earnings of $0.38 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

CSX (NASDAQ:CSXGet Rating) last issued its earnings results on Thursday, January 20th. The transportation company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. CSX had a net margin of 30.19% and a return on equity of 26.34%. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 21.4% 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.

Shares of NASDAQ CSX opened at $35.06 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.73 and a debt-to-equity ratio of 1.20. CSX has a 52 week low of $29.49 and a 52 week high of $38.63. The firm has a 50-day moving average price of $35.23 and a 200 day moving average price of $35.31. The stock has a market capitalization of $76.38 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 28th were paid a $0.10 dividend. This is a boost from CSX’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, February 25th. This represents a $0.40 annualized dividend and a dividend yield of 1.14%. CSX’s dividend payout ratio (DPR) is 23.81%.

Large investors have recently bought and sold shares of the company. Toroso Investments LLC grew its holdings in CSX by 158.9% in the fourth quarter. Toroso Investments LLC now owns 110,814 shares of the transportation company’s stock valued at $4,167,000 after purchasing an additional 68,011 shares during the period. Sei Investments Co. grew its holdings in CSX by 23.7% in the fourth quarter. Sei Investments Co. now owns 187,384 shares of the transportation company’s stock valued at $7,069,000 after purchasing an additional 35,934 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in CSX by 26.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 144,671 shares of the transportation company’s stock valued at $5,440,000 after purchasing an additional 30,342 shares during the period. Horizon Investments LLC grew its holdings in CSX by 134.3% in the fourth quarter. Horizon Investments LLC now owns 34,355 shares of the transportation company’s stock valued at $1,292,000 after purchasing an additional 19,690 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in CSX by 3,087.6% in the fourth quarter. Advisors Asset Management Inc. now owns 14,408 shares of the transportation company’s stock valued at $542,000 after purchasing an additional 13,956 shares during the period. 73.22% of the stock is owned by institutional investors and hedge funds.

CSX has been the subject of several recent analyst reports. Cowen raised their price objective on shares of CSX from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, January 21st. Wolfe Research reduced their price objective on shares of CSX from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 21st. Morgan Stanley reduced their price objective on shares of CSX from $26.00 to $25.00 and set an “underweight” rating for the company in a research note on Friday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of CSX from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, January 24th. Finally, Susquehanna cut their target price on shares of CSX from $45.00 to $44.00 and set a “positive” rating for the company in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $39.00.

CSX Company Profile (Get Rating)

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 transports chemicals, agricultural and food products, automotive, minerals, 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.

See Also

Earnings History for CSX (NASDAQ:CSX)

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