CSX (NASDAQ:CSX – Get Free Report) posted its earnings results on Wednesday. The transportation company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01, Briefing.com reports. CSX had a return on equity of 29.88% and a net margin of 24.75%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the company earned $0.48 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year.
CSX Price Performance
NASDAQ CSX opened at $34.39 on Friday. The company has a market cap of $67.32 billion, a PE ratio of 18.90, a P/E/G ratio of 1.97 and a beta of 1.18. The firm’s 50 day moving average price is $36.93 and its 200-day moving average price is $34.32. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.05. CSX has a 52-week low of $29.03 and a 52-week high of $40.12.
CSX Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.12 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. This is a positive change from CSX’s previous quarterly dividend of $0.11. CSX’s payout ratio is currently 26.37%.
Hedge Funds Weigh In On CSX
Wall Street Analysts Forecast Growth
CSX has been the topic of several recent research reports. Raymond James upped their target price on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. Royal Bank of Canada cut their price objective on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Thursday. Susquehanna upped their price target on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. cut their target price on CSX from $40.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. Finally, Benchmark reissued a “buy” rating and set a $40.00 price target on shares of CSX in a research note on Thursday. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.72.
Get Our Latest Research Report on CSX
About CSX
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.
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