CSX (CSX) to Release Quarterly Earnings on Thursday

CSX (NASDAQ:CSX) is expected to be releasing its earnings data after the market closes on Thursday, January 23rd. Analysts expect CSX to post earnings of $0.44 per share and revenue of $3,572,172.06 billion for the quarter.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same period last year, the business earned $0.42 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. 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

NASDAQ:CSX opened at $32.46 on Thursday. The firm’s fifty day moving average is $34.03 and its two-hundred day moving average is $33.98. The firm has a market cap of $62.60 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 2.21 and a beta of 1.20. CSX has a one year low of $31.43 and a one year high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

Analyst Ratings Changes

Several analysts recently commented on CSX shares. Evercore ISI dropped their target price on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Loop Capital lowered their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. TD Cowen cut their price target on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Barclays increased their price target on CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

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.