$3.63 Billion in Sales Expected for CSX Co. (NASDAQ:CSX) This Quarter

Analysts expect CSX Co. (NASDAQ:CSXGet Rating) to post $3.63 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for CSX’s earnings. The highest sales estimate is $3.70 billion and the lowest is $3.56 billion. CSX reported sales of $2.99 billion in the same quarter last year, which would suggest a positive year over year growth rate of 21.4%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that CSX will report full-year sales of $14.32 billion for the current year, with estimates ranging from $14.17 billion to $14.50 billion. For the next financial year, analysts anticipate that the business will post sales of $14.65 billion, with estimates ranging from $14.27 billion to $15.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for CSX.

CSX (NASDAQ:CSXGet Rating) last announced its quarterly earnings data on Wednesday, April 20th. The transportation company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.31 billion. CSX had a net margin of 29.98% and a return on equity of 27.47%. CSX’s revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share.

Several equities research analysts have weighed in on the stock. Royal Bank of Canada upgraded shares of CSX from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $37.00 to $39.00 in a report on Thursday, March 17th. Susquehanna increased their target price on shares of CSX from $44.00 to $45.00 and gave the stock a “positive” rating in a report on Thursday, April 21st. Raymond James cut their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday, April 18th. StockNews.com lowered shares of CSX from a “buy” rating to a “hold” rating in a report on Friday, April 29th. Finally, Wells Fargo & Company lowered their price objective on shares of CSX from $41.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, CSX presently has a consensus rating of “Buy” and a consensus target price of $38.91.

CSX opened at $32.78 on Wednesday. The firm’s fifty day moving average is $35.38 and its two-hundred day moving average is $35.49. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.32 and a current ratio of 1.46. The firm has a market cap of $71.27 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.88 and a beta of 1.21. CSX has a twelve month low of $29.49 and a twelve month high of $38.63.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.22%. CSX’s dividend payout ratio is 22.73%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Life Planning Partners Inc bought a new stake in CSX in the 4th quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. raised its holdings in CSX by 80.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 811 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 361 shares in the last quarter. Core Alternative Capital raised its holdings in CSX by 663.9% in the 1st quarter. Core Alternative Capital now owns 825 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 717 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new position in CSX in the 4th quarter valued at $34,000. Finally, Bank of New Hampshire acquired a new position in CSX in the 1st quarter valued at $34,000. Institutional investors own 74.81% of the company’s stock.

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.

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