CSX (CSX) Set to Announce Earnings on Tuesday
CSX (NYSE:CSX) will post its Q214 quarterly earnings results on Tuesday, July 15th. Analysts expect CSX to post earnings of $0.52 per share and revenue of $3.23 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
CSX (NYSE:CSX) last announced its earnings results on Tuesday, April 15th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts expect CSX to post $1.87 EPS for the current fiscal year and $2.13 EPS for the next fiscal year.
Shares of CSX (NYSE:CSX) opened at 31.00 on Monday. CSX has a one year low of $24.27 and a one year high of $31.22. The stock’s 50-day moving average is $30.35 and its 200-day moving average is $28.66. The company has a market cap of $31.135 billion and a P/E ratio of 17.39.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, August 27th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of CSX in a research note on Thursday. They now have a $33.00 price target on the stock. On a related note, analysts at Robert W. Baird raised their price target on shares of CSX from $32.00 to $34.00 in a research note on Tuesday, July 8th. Finally, analysts at Barclays raised their price target on shares of CSX from $30.00 to $31.00 in a research note on Monday, June 30th. They now have an “equal weight” rating on the stock. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. CSX has an average rating of “Hold” and an average price target of $30.72.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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