Brokerages expect that CSX Co. (NASDAQ:CSX) will post earnings per share (EPS) of $0.88 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for CSX’s earnings. The lowest EPS estimate is $0.85 and the highest is $0.93. CSX reported earnings per share of $0.51 in the same quarter last year, which indicates a positive year-over-year growth rate of 72.5%. The company is expected to issue its next earnings report after the market closes on Tuesday, October 16th.
On average, analysts expect that CSX will report full-year earnings of $3.59 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.70. For the next fiscal year, analysts forecast that the firm will report earnings of $3.97 per share, with EPS estimates ranging from $3.77 to $4.10. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover CSX.
CSX (NASDAQ:CSX) last released its quarterly earnings data on Tuesday, July 17th. The transportation company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.15. CSX had a net margin of 53.27% and a return on equity of 19.31%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year.
A number of analysts recently weighed in on the stock. BMO Capital Markets lowered shares of CSX from an “outperform” rating to a “market perform” rating and set a $65.00 price objective for the company. in a research note on Wednesday, September 5th. They noted that the move was a valuation call. BidaskClub lowered shares of CSX from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Scotiabank set a $72.00 price objective on shares of CSX and gave the stock a “hold” rating in a research note on Wednesday, July 18th. TD Securities upped their price objective on shares of CSX from $68.00 to $71.00 and gave the stock a “$69.00” rating in a research note on Wednesday, July 18th. Finally, Raymond James boosted their target price on shares of CSX from $70.00 to $75.00 and gave the stock a “$69.00” rating in a report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. CSX presently has a consensus rating of “Buy” and a consensus target price of $69.45.
Institutional investors and hedge funds have recently bought and sold shares of the company. Archford Capital Strategies LLC acquired a new position in shares of CSX during the first quarter valued at about $109,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of CSX during the first quarter valued at about $123,000. IMS Capital Management acquired a new position in shares of CSX during the second quarter valued at about $124,000. Strategic Wealth Partners Ltd. acquired a new position in shares of CSX during the second quarter valued at about $128,000. Finally, Kaizen Advisory LLC increased its holdings in shares of CSX by 150.5% during the second quarter. Kaizen Advisory LLC now owns 2,164 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 74.53% of the company’s stock.
NASDAQ:CSX traded up $0.11 during mid-day trading on Wednesday, reaching $74.22. The company’s stock had a trading volume of 276,120 shares, compared to its average volume of 5,786,800. CSX has a 1 year low of $48.26 and a 1 year high of $76.24. The firm has a market cap of $63.11 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.66 and a quick ratio of 1.48.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, August 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.19%. CSX’s dividend payout ratio (DPR) is currently 38.26%.
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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