Brokerages predict that CSX Co. (NASDAQ:CSX) will report earnings of $1.10 per share for the current quarter, according to Zacks. Six analysts have made estimates for CSX’s earnings, with the highest EPS estimate coming in at $1.13 and the lowest estimate coming in at $1.07. CSX posted earnings of $1.01 per share during the same quarter last year, which would suggest a positive year over year growth rate of 8.9%. The firm is expected to announce its next earnings results after the market closes on Tuesday, July 16th.
According to Zacks, analysts expect that CSX will report full-year earnings of $4.31 per share for the current fiscal year, with EPS estimates ranging from $4.06 to $4.45. For the next fiscal year, analysts expect that the business will report earnings of $4.73 per share, with EPS estimates ranging from $4.42 to $4.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for CSX.
CSX (NASDAQ:CSX) last announced its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.11. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3 billion. CSX had a return on equity of 26.13% and a net margin of 27.84%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS.
Shares of CSX traded up $1.33 during midday trading on Friday, hitting $78.58. The company had a trading volume of 3,416,862 shares, compared to its average volume of 4,460,818. The company has a 50-day moving average price of $77.03. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $62.51 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.34 and a beta of 1.22. CSX has a 1 year low of $58.47 and a 1 year high of $80.73.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, August 29th. CSX’s dividend payout ratio is currently 25.00%.
In other CSX news, EVP Nathan D. Goldman sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $79.50, for a total value of $556,500.00. Following the completion of the sale, the executive vice president now owns 79,697 shares in the company, valued at $6,335,911.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Angela C. Williams sold 9,560 shares of the business’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 value of $756,578.40. Following the completion of the transaction, the vice president now directly owns 14,607 shares in the company, valued at approximately $1,155,997.98. The disclosure for this sale can be found here. 4.83% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in CSX. Norges Bank acquired a new position in CSX during the fourth quarter worth $463,481,000. CI Investments Inc. acquired a new position in CSX during the fourth quarter worth $370,449,000. FMR LLC grew its holdings in CSX by 14.1% during the fourth quarter. FMR LLC now owns 23,161,058 shares of the transportation company’s stock worth $1,438,997,000 after acquiring an additional 2,867,186 shares during the period. Impala Asset Management LLC acquired a new position in CSX during the first quarter worth $88,463,000. Finally, Magellan Asset Management Ltd acquired a new position in CSX during the first quarter worth $73,749,000. 75.68% of the stock is currently owned by institutional investors and hedge funds.
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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