CSX (CSX) Projected to Post Quarterly Earnings on Wednesday

CSX (NASDAQ:CSX) is expected to announce its earnings results after the market closes on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $3.53 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (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 Price Performance

Shares of NASDAQ CSX opened at $26.69 on Wednesday. The stock’s 50-day simple moving average is $30.94 and its 200-day simple moving average is $32.87. The firm has a market capitalization of $50.30 billion, a PE ratio of 14.91, a price-to-earnings-growth 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 debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.95%. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is presently 29.05%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CSX. Wells Fargo & Company lowered their target price on shares of CSX from $34.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Royal Bank of Canada reduced their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. UBS Group cut their target price on shares of CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of CSX in a research note on Friday, March 7th. They set a “hold” rating and a $34.00 price target for the company. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.05.

Institutional Trading of CSX

An institutional investor recently raised its position in CSX stock. Brighton Jones LLC grew its stake in shares of CSX Co. (NASDAQ:CSX) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period. 73.57% of the stock is currently owned by institutional investors.

About CSX

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.