CSX (CSX) Scheduled to Post Earnings on Wednesday

CSX (NASDAQ:CSX) is set to 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 interested in listening to the company’s earnings conference call can do so using this link.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. CSX had a return on equity of 29.11% and a net margin of 24.52%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the company posted $0.49 earnings per share. The business’s revenue for the quarter 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 Stock Up 0.9 %

Shares of NASDAQ:CSX opened at $35.29 on Tuesday. The company’s fifty day moving average is $33.98 and its 200-day moving average is $33.99. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. CSX has a 52 week low of $29.03 and a 52 week high of $40.12. The company has a market capitalization of $68.99 billion, a PE ratio of 19.39, a P/E/G ratio of 1.90 and a beta of 1.19.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.36%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CSX shares. Evercore ISI upgraded CSX to a “strong-buy” rating in a research note on Tuesday, August 6th. Sanford C. Bernstein upped their price objective on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Benchmark reissued a “buy” rating and issued a $40.00 target price on shares of CSX in a research note on Wednesday, August 7th. Stephens reaffirmed an “overweight” rating and set a $42.00 price target on shares of CSX in a research note on Tuesday, August 6th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 price objective on shares of CSX in a research report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.19.

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.