CSX (NASDAQ:CSX – Get Free Report) released its earnings results on Wednesday. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01, Briefing.com reports. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a return on equity of 29.88% and a net margin of 24.75%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share.
CSX Stock Up 0.7 %
Shares of NASDAQ CSX opened at $34.39 on Friday. The firm has a market cap of $67.32 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. 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 1 year low of $29.03 and a 1 year high of $40.12. The firm’s 50 day moving average price is $36.93 and its 200 day moving average price is $34.32.
CSX Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Wednesday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.11. CSX’s payout ratio is currently 26.37%.
Analyst Upgrades and Downgrades
View Our Latest Research Report on CSX
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of CSX. West Tower Group LLC purchased a new stake in shares of CSX in the fourth quarter valued at $26,000. Fortis Capital Advisors LLC acquired a new stake in CSX in the 4th quarter worth about $27,000. Cornerstone Planning Group LLC acquired a new position in shares of CSX during the 2nd quarter valued at about $41,000. True Wealth Design LLC purchased a new position in shares of CSX during the 4th quarter worth about $42,000. Finally, PCA Investment Advisory Services Inc. purchased a new stake in CSX in the second quarter valued at approximately $77,000. 73.57% 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; 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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