CSX Co. (NASDAQ:CSX) declared a quarterly dividend on Monday, February 12th, RTT News reports. Investors of record on Thursday, March 1st will be given a dividend of 0.22 per share by the transportation company on Thursday, March 15th. This represents a $0.88 annualized dividend and a dividend yield of 1.73%. This is an increase from CSX’s previous quarterly dividend of $0.20.
CSX (NASDAQ:CSX) traded up $0.42 during midday trading on Monday, hitting $50.89. 12,278,101 shares of the company traded hands, compared to its average volume of 7,082,178. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.01. The company has a market cap of $45,480.00, a price-to-earnings ratio of 8.51, a PEG ratio of 1.23 and a beta of 1.26. CSX has a 1 year low of $45.41 and a 1 year high of $60.04.
CSX (NASDAQ:CSX) last posted its quarterly earnings data on Tuesday, January 16th. The transportation company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.89 billion. CSX had a net margin of 47.96% and a return on equity of 17.16%. CSX’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. analysts anticipate that CSX will post 3.11 EPS for the current year.
In related news, Director Gary Keith Anderson acquired 5,000 shares of CSX stock in a transaction on Friday, November 24th. The stock was bought at an average cost of $2,300.00 per share, for a total transaction of $11,500,000.00. Corporate insiders own 4.79% of the company’s stock.
CSX has been the topic of several recent research reports. BidaskClub downgraded shares of CSX from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Scotiabank set a $63.00 price objective on shares of CSX and gave the company a “hold” rating in a report on Wednesday, January 17th. Cowen reaffirmed a “market perform” rating and issued a $61.00 price objective (up from $54.00) on shares of CSX in a report on Wednesday, January 17th. Barclays increased their price target on shares of CSX from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Finally, Citigroup reissued a “buy” rating and set a $64.00 price target on shares of CSX in a report on Wednesday, January 17th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $60.19.
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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