Analysts predict that CSX Co. (NASDAQ:CSX) will announce $0.56 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for CSX’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.58. CSX posted earnings of $0.49 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.3%. The firm is expected to report its next earnings results after the market closes on Tuesday, January 16th.

On average, analysts expect that CSX will report full-year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.18 to $2.24. For the next fiscal year, analysts expect that the business will report earnings of $2.68 per share, with EPS estimates ranging from $2.52 to $3.05. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover CSX.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Tuesday, October 17th. The transportation company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. CSX had a net margin of 15.45% and a return on equity of 17.28%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis.

A number of brokerages recently commented on CSX. Scotiabank set a $55.00 price objective on shares of CSX and gave the stock a “buy” rating in a report on Friday, December 15th. Barclays restated a “buy” rating and set a $68.00 price objective on shares of CSX in a report on Wednesday, December 13th. UBS Group set a $68.00 price objective on shares of CSX and gave the stock a “buy” rating in a report on Sunday, December 3rd. BidaskClub upgraded shares of CSX from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, Morgan Stanley lowered shares of CSX from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $44.00 to $43.00 in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company. CSX currently has a consensus rating of “Buy” and a consensus price target of $57.58.

Shares of CSX (NASDAQ CSX) opened at $56.78 on Friday. CSX has a twelve month low of $35.96 and a twelve month high of $58.35. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.08. The company has a market cap of $50,750.00, a price-to-earnings ratio of 29.27, a P/E/G ratio of 1.58 and a beta of 1.35.

CSX announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 25th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In other CSX news, Director Gary Keith Anderson purchased 5,000 shares of the stock in a transaction on Friday, November 24th. The shares were purchased at an average cost of $2,300.00 per share, for a total transaction of $11,500,000.00. 4.79% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in CSX. Atlantic Trust Group LLC increased its stake in shares of CSX by 12.8% during the 2nd quarter. Atlantic Trust Group LLC now owns 17,820 shares of the transportation company’s stock worth $972,000 after purchasing an additional 2,027 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of CSX by 16.4% during the 2nd quarter. Schroder Investment Management Group now owns 1,243,903 shares of the transportation company’s stock worth $66,946,000 after purchasing an additional 175,540 shares during the last quarter. Eaton Vance Management boosted its holdings in shares of CSX by 6.9% during the 2nd quarter. Eaton Vance Management now owns 5,126,177 shares of the transportation company’s stock worth $279,684,000 after buying an additional 333,005 shares during the period. Captrust Financial Advisors bought a new stake in shares of CSX during the 2nd quarter worth about $390,000. Finally, Nationwide Fund Advisors boosted its holdings in shares of CSX by 4.2% during the 2nd quarter. Nationwide Fund Advisors now owns 368,541 shares of the transportation company’s stock worth $20,108,000 after buying an additional 14,811 shares during the period. Institutional investors own 70.15% of the company’s stock.

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CSX Company Profile

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.

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