CSX (CSX) Set to Announce Earnings on Tuesday
CSX (NASDAQ:CSX) will post its quarterly earnings results after the market closes on Tuesday, January 16th. Analysts expect CSX to post earnings of $0.57 per share for the quarter.
CSX (NASDAQ:CSX) last announced its quarterly earnings data on Tuesday, October 17th. The transportation company reported $0.51 earnings per share for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts expect CSX to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of CSX (NASDAQ:CSX) opened at $58.74 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.86 and a current ratio of 1.05. CSX has a 1 year low of $35.96 and a 1 year high of $58.97. The firm has a market cap of $52,500.00, a PE ratio of 30.28, a P/E/G ratio of 1.59 and a beta of 1.35.
A number of equities research analysts recently weighed in on the stock. TD Securities downgraded shares of CSX from a “buy” rating to a “hold” rating and lowered their price objective for the company from $63.00 to $54.00 in a research report on Monday, December 18th. UBS Group set a $68.00 price objective on shares of CSX and gave the company a “buy” rating in a research report on Sunday, December 17th. Scotiabank set a $55.00 price objective on shares of CSX and gave the company a “buy” rating in a research report on Friday, December 15th. Barclays reaffirmed a “buy” rating and set a $68.00 price objective on shares of CSX in a research report on Wednesday, December 13th. Finally, BidaskClub raised shares of CSX from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company’s stock. CSX presently has a consensus rating of “Buy” and an average price target of $57.58.
In related news, Director Gary Keith Anderson purchased 5,000 shares of CSX stock in a transaction dated Friday, November 24th. The stock was bought at an average cost of $2,300.00 per share, with a total value of $11,500,000.00. Insiders own 4.79% 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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