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.

CSX announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 25th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

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.

Earnings History for CSX (NASDAQ:CSX)

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