CSX Corp. (NASDAQ:CSX) is scheduled to announce its Q316 earnings results on Thursday, October 13th. Analysts expect the company to announce earnings of $0.45 per share and revenue of $2.70 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

CSX Corp. (NASDAQ:CSX) last issued its earnings results on Wednesday, July 13th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. CSX Corp. had a return on equity of 15.24% and a net margin of 16.07%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the firm earned $0.56 earnings per share. CSX Corp.’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, analysts expect CSX Corp. to post $1.75 EPS for the current fiscal year and $1.93 EPS for the next fiscal year.

Earnings History for CSX Corp. (NASDAQ:CSX)

CSX Corp. (NASDAQ:CSX) opened at 30.47 on Wednesday. The firm has a market capitalization of $28.82 billion, a price-to-earnings ratio of 16.63 and a beta of 1.23. The stock’s 50 day moving average price is $29.29 and its 200-day moving average price is $27.38. CSX Corp. has a 12 month low of $21.33 and a 12 month high of $31.31.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.72 annualized dividend and a yield of 2.36%. CSX Corp.’s payout ratio is 39.13%.

In related news, President Clarence W. Gooden sold 17,332 shares of CSX Corp. stock in a transaction on Monday, September 26th. The stock was sold at an average price of $29.44, for a total value of $510,254.08. Following the completion of the sale, the president now owns 127,954 shares of the company’s stock, valued at $3,766,965.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of CSX. American Century Companies Inc. raised its stake in shares of CSX Corp. by 20.9% in the second quarter. American Century Companies Inc. now owns 6,305,930 shares of the company’s stock valued at $164,459,000 after buying an additional 1,091,854 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of CSX Corp. by 1.5% in the second quarter. BlackRock Fund Advisors now owns 10,835,371 shares of the company’s stock valued at $282,586,000 after buying an additional 156,444 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of CSX Corp. by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 35,397 shares of the company’s stock valued at $923,000 after buying an additional 469 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in shares of CSX Corp. by 7.5% in the second quarter. Wetherby Asset Management Inc. now owns 18,713 shares of the company’s stock valued at $488,000 after buying an additional 1,301 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in shares of CSX Corp. by 5.4% in the second quarter. Bank of Nova Scotia now owns 19,230 shares of the company’s stock valued at $502,000 after buying an additional 980 shares during the last quarter. 68.55% of the stock is owned by institutional investors.

Several research firms recently issued reports on CSX. Vertical Research began coverage on CSX Corp. in a research report on Tuesday. They set a “hold” rating on the stock. Cowen and Company raised their price target on CSX Corp. from $27.00 to $30.00 and gave the stock a “market perform” rating in a research report on Friday, July 15th. Argus restated a “buy” rating and set a $35.00 price target on shares of CSX Corp. in a research report on Friday, July 15th. Deutsche Bank AG restated a “hold” rating and set a $29.00 price target (up from $27.00) on shares of CSX Corp. in a research report on Friday, July 15th. Finally, Royal Bank Of Canada raised their price target on CSX Corp. from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, July 15th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.54.

About CSX Corp.

CSX Corporation, together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves three lines of business, such as merchandise business, coal business and intermodal business.

5 Day Chart for NASDAQ:CSX

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