CSX Corp. (CSX) to Release Quarterly Earnings on Wednesday
CSX Corp. (NYSE:CSX) will announce its Q313 earnings results on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $2.94 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Shares of CSX Corp. (NYSE:CSX) opened at 26.02 on Tuesday. CSX Corp. has a 1-year low of $18.88 and a 1-year high of $26.90. The stock’s 50-day moving average is $25.73 and its 200-day moving average is $24.94. The company has a market cap of $26.510 billion and a P/E ratio of 14.05.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Tuesday, November 26th.
CSX has been the subject of a number of recent research reports. Analysts at Citigroup Inc. downgraded shares of CSX Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday, October 4th. They now have a $27.00 price target on the stock, up previously from $25.30. They noted that the move was a valuation call. On a related note, analysts at Sanford C. Bernstein raised their price target on shares of CSX Corp. from $22.00 to $24.00 in a research note to investors on Wednesday, October 2nd. They now have a “market perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CSX Corp. in a research note to investors on Thursday, August 22nd. They now have a $26.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $26.72.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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