Zacks Research Has Positive Estimate for CSX FY2027 Earnings

CSX Co. (NASDAQ:CSX) – Analysts at Zacks Research increased their FY2027 EPS estimates for shares of CSX in a report released on Friday, April 4th. Zacks Research analyst M. Basu now expects that the transportation company will post earnings of $2.13 per share for the year, up from their prior estimate of $2.12. The consensus estimate for CSX’s current full-year earnings is $1.83 per share.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%.

Several other equities analysts have also recently issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. UBS Group dropped their price target on CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. 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. Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a report on Friday, March 7th. They set a “hold” rating and a $34.00 target price for the company. Finally, Susquehanna dropped their price target on CSX from $39.00 to $37.00 and set a “positive” rating on the stock in a research note on Thursday, March 27th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

CSX Trading Down 0.4 %

Shares of CSX stock opened at $27.09 on Monday. The stock has a 50-day simple moving average of $31.19 and a 200 day simple moving average of $32.97. The stock has a market capitalization of $51.06 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.92 and a beta of 1.23. CSX has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

Institutional Investors Weigh In On CSX

Several institutional investors and hedge funds have recently modified their holdings of CSX. Hilltop Holdings Inc. bought a new stake in shares of CSX during the 3rd quarter worth about $323,000. Jacobs Levy Equity Management Inc. acquired a new position in CSX during the third quarter valued at approximately $211,000. Quantinno Capital Management LP lifted its stake in shares of CSX by 65.6% in the third quarter. Quantinno Capital Management LP now owns 146,328 shares of the transportation company’s stock worth $5,053,000 after buying an additional 57,978 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of CSX during the 3rd quarter worth $600,000. Finally, Stifel Financial Corp raised its holdings in CSX by 1.8% in the 3rd quarter. Stifel Financial Corp now owns 891,002 shares of the transportation company’s stock worth $30,766,000 after acquiring an additional 16,166 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid 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 of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.92%. CSX’s dividend payout ratio is 29.05%.

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.