CSX (CSX) to Release Earnings on Wednesday

CSX (NASDAQ:CSX) is expected to release its earnings data after the market closes on Wednesday, April 16th. Analysts expect CSX to post earnings of $0.39 per share and revenue of $3.53 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, analysts expect CSX to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CSX Stock Performance

NASDAQ CSX opened at $26.69 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX has a 1-year low of $26.22 and a 1-year high of $37.10. The company has a market cap of $50.30 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The stock’s 50 day simple moving average is $30.94 and its 200-day simple moving average is $32.87.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.95%. CSX’s dividend payout ratio is presently 29.05%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CSX stock. Brighton Jones LLC grew its stake in CSX Co. (NASDAQ:CSX) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,254 shares of the transportation company’s stock after buying an additional 849 shares during the quarter. Brighton Jones LLC’s holdings in CSX were worth $525,000 as of its most recent filing with the SEC. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Loop Capital cut shares of CSX from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Wells Fargo & Company cut their price target on CSX from $34.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. BMO Capital Markets dropped their target price on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Barclays cut their target price on CSX from $38.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Finally, UBS Group dropped their price objective on shares of CSX from $39.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.05.

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.