CSX Corp. (CSX) Posts Quarterly Earnings Results, Meets Expectations
CSX Corp. (NYSE:CSX) issued its quarterly earnings data on Thursday. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42, American Banking & Market News reports. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of CSX Corp. from $30.00 to $35.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. On a related note, analysts at Deutsche Bank reiterated a “hold” rating on shares of CSX Corp. in a research note to investors on Monday, December 16th. They now have a $28.00 price target on the stock, up previously from $25.00. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of CSX Corp. in a research note to investors on Friday, December 13th. They now have a $32.00 price target on the stock, up previously from $29.00. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.95.
CSX Corp. (NYSE:CSX) opened at 29.23 on Thursday. CSX Corp. has a 1-year low of $20.57 and a 1-year high of $28.98. The stock’s 50-day moving average is $27.98 and its 200-day moving average is $26.18. The company has a market cap of $29.630 billion and a P/E ratio of 15.54.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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