CSX Corp. (NASDAQ:CSX) will be releasing its earnings data on Wednesday, October 12th. Persons interested in listening to the company’s earnings conference call can do so using this link.
CSX Corp. (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, July 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. CSX Corp. had a return on equity of 15.24% and a net margin of 16.07%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the company posted $0.56 EPS. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, analysts expect CSX Corp. to post $1.75 EPS for the current fiscal year and $1.93 EPS for the next fiscal year.
Shares of CSX Corp. (NASDAQ:CSX) opened at 31.05 on Monday. The company’s 50 day moving average price is $29.17 and its 200-day moving average price is $27.31. CSX Corp. has a 1-year low of $21.33 and a 1-year high of $31.16. The company has a market capitalization of $29.37 billion, a price-to-earnings ratio of 16.95 and a beta of 1.23.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a $0.18 dividend. The ex-dividend date is Monday, November 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.32%. CSX Corp.’s payout ratio is currently 39.13%.
In related news, President Clarence W. Gooden sold 17,332 shares of CSX Corp. stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $29.44, for a total value of $510,254.08. Following the completion of the transaction, the president now owns 127,954 shares in the company, valued at $3,766,965.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. WFG Advisors LP raised its position in shares of CSX Corp. by 17.1% in the second quarter. WFG Advisors LP now owns 6,537 shares of the company’s stock valued at $170,000 after buying an additional 956 shares during the period. Southeast Asset Advisors Inc. acquired a new position in shares of CSX Corp. during the second quarter valued at about $200,000. Westwood Holdings Group Inc. acquired a new position in shares of CSX Corp. during the second quarter valued at about $216,000. Highbridge Capital Management LLC acquired a new position in shares of CSX Corp. during the second quarter valued at about $256,000. Finally, Martingale Asset Management L P raised its position in shares of CSX Corp. by 15.9% in the second quarter. Martingale Asset Management L P now owns 12,449 shares of the company’s stock valued at $325,000 after buying an additional 1,712 shares during the period. Institutional investors and hedge funds own 68.55% of the company’s stock.
Several analysts recently weighed in on CSX shares. Citigroup Inc. upped their price target on CSX Corp. from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. BMO Capital Markets reiterated an “outperform” rating and set a $29.00 target price on shares of CSX Corp. in a research note on Thursday, July 7th. Bank of America Corp. reiterated a “buy” rating and set a $32.00 target price on shares of CSX Corp. in a research note on Monday, September 12th. Loop Capital reiterated a “hold” rating and set a $31.00 target price on shares of CSX Corp. in a research note on Thursday, September 1st. Finally, Wolfe Research upgraded CSX Corp. from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research note on Tuesday, September 13th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.54.
About CSX Corp.
CSX Corporation, together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves three lines of business, such as merchandise business, coal business and intermodal business.
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