CSX (CSX) Expected to Announce Quarterly Earnings on Wednesday

CSX (NASDAQ:CSX) will likely be posting its quarterly earnings results 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 wish to register for the company’s conference call can do so using this link.

CSX (NASDAQ:CSX) last issued 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 Up 0.7 %

CSX stock opened at $28.01 on Monday. The company has a market cap of $52.79 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The business’s 50-day moving average is $30.58 and its two-hundred day moving average is $32.71. CSX has a fifty-two week low of $26.22 and a fifty-two week high of $37.10.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is 29.05%.

Institutional Trading of CSX

An institutional investor recently raised its position in CSX stock. Brighton Jones LLC increased its stake in CSX Co. (NASDAQ:CSX) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,254 shares of the transportation company’s stock after acquiring an additional 849 shares during the period. Brighton Jones LLC’s holdings in CSX were worth $525,000 as of its most recent SEC filing. 73.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CSX. Raymond James reduced their target price on shares of CSX from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Friday. Barclays decreased their target price on CSX from $38.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. JPMorgan Chase & Co. cut their price target on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Benchmark restated a “buy” rating and issued a $38.00 price target on shares of CSX in a research report on Monday, January 27th. Finally, Citigroup lowered their price objective on CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.70.

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.