$1.12 Earnings Per Share Expected for CSX Co. (CSX) This Quarter

Equities analysts predict that CSX Co. (NASDAQ:CSX) will report earnings of $1.12 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for CSX’s earnings, with estimates ranging from $1.07 to $1.17. CSX reported earnings per share of $1.01 during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.9%. The company is scheduled to issue its next earnings report on Tuesday, July 16th.

According to Zacks, analysts expect that CSX will report full year earnings of $4.34 per share for the current fiscal year, with EPS estimates ranging from $4.15 to $4.50. For the next fiscal year, analysts forecast that the business will post earnings of $4.77 per share, with EPS estimates ranging from $4.50 to $5.00. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow CSX.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.11. CSX had a return on equity of 26.13% and a net margin of 27.84%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year.

A number of analysts have weighed in on CSX shares. Citigroup increased their target price on shares of CSX from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Stifel Nicolaus downgraded shares of CSX from a “buy” rating to a “hold” rating and set a $74.00 target price for the company. in a research report on Wednesday, March 6th. UBS Group downgraded shares of CSX from a “buy” rating to a “neutral” rating and increased their target price for the company from $75.00 to $80.00 in a research report on Friday, April 5th. ValuEngine raised shares of CSX from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research downgraded shares of CSX from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $79.58.

In other news, VP Angela C. Williams sold 9,560 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $79.14, for a total transaction of $756,578.40. Following the completion of the sale, the vice president now owns 14,607 shares of the company’s stock, valued at approximately $1,155,997.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.83% of the company’s stock.

Several hedge funds have recently made changes to their positions in CSX. Horizon Investments LLC bought a new position in shares of CSX in the 1st quarter worth $225,000. Ameritas Investment Corp bought a new position in shares of CSX in the 1st quarter worth $37,000. BlueMountain Capital Management LLC bought a new position in shares of CSX in the 1st quarter worth $447,000. Kore Private Wealth LLC lifted its holdings in shares of CSX by 3.8% in the 1st quarter. Kore Private Wealth LLC now owns 14,102 shares of the transportation company’s stock worth $1,055,000 after purchasing an additional 517 shares in the last quarter. Finally, Covenant Partners LLC bought a new position in shares of CSX in the 1st quarter worth $395,000. 77.64% of the stock is owned by institutional investors.

CSX stock opened at $78.40 on Monday. CSX has a 1 year low of $58.47 and a 1 year high of $80.73. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.68. The company has a market capitalization of $63.44 billion, a PE ratio of 20.42, a PEG ratio of 1.34 and a beta of 1.29.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 30th. CSX’s dividend payout ratio (DPR) is 25.00%.

About CSX

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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