Wall Street brokerages predict that CSX Co. (NASDAQ:CSX) will report $0.93 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for CSX’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.86. CSX posted earnings per share of $0.78 in the same quarter last year, which suggests a positive year over year growth rate of 19.2%. The firm is scheduled to report its next earnings results on Tuesday, April 16th.

On average, analysts expect that CSX will report full year earnings of $4.23 per share for the current fiscal year, with EPS estimates ranging from $4.07 to $4.35. For the next year, analysts anticipate that the firm will post earnings of $4.71 per share, with EPS estimates ranging from $4.41 to $4.89. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover CSX.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, January 16th. The transportation company reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. CSX had a return on equity of 24.18% and a net margin of 27.01%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the company posted $0.64 EPS. The business’s revenue was up 9.8% on a year-over-year basis.

A number of research firms have commented on CSX. Zacks Investment Research upgraded CSX from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Monday, February 4th. BidaskClub upgraded CSX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 14th. Loop Capital upped their target price on CSX to $87.00 and gave the company a “buy” rating in a research report on Thursday, January 17th. Argus cut their target price on CSX from $84.00 to $71.00 and set a “buy” rating on the stock in a research report on Monday, December 31st. Finally, ValuEngine lowered CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $75.69.

NASDAQ CSX opened at $73.00 on Tuesday. CSX has a 12 month low of $53.53 and a 12 month high of $76.24. The stock has a market capitalization of $59.45 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.29 and a beta of 1.29. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.20 and a current ratio of 1.34.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $0.96 annualized dividend and a yield of 1.32%. This is a positive change from CSX’s previous quarterly dividend of $0.22. CSX’s dividend payout ratio is presently 25.00%.

CSX declared that its Board of Directors has initiated a stock repurchase program on Wednesday, January 16th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the transportation company to buy up to 9.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

In other CSX news, Director Ridge Lp Mantle sold 1,930,318 shares of the stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of $65.01, for a total value of $125,489,973.18. Following the transaction, the director now owns 106 shares in the company, valued at $6,891.06. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.03% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in CSX. Virtus ETF Advisers LLC raised its stake in shares of CSX by 117.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 445 shares of the transportation company’s stock worth $28,000 after purchasing an additional 240 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of CSX in the fourth quarter worth approximately $28,000. Karp Capital Management Corp purchased a new stake in shares of CSX during the fourth quarter valued at approximately $30,000. Highwater Wealth Management LLC purchased a new stake in shares of CSX during the fourth quarter valued at approximately $31,000. Finally, Moody National Bank Trust Division purchased a new stake in shares of CSX during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Earnings History and Estimates for CSX (NASDAQ:CSX)

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