CSX (NASDAQ:CSX) Issues Quarterly Earnings Results

CSX (NASDAQ:CSX) issued its quarterly earnings data on Wednesday. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02), Zacks reports. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. CSX’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 earnings per share.

CSX Trading Up 0.1 %

CSX opened at $33.13 on Friday. The firm’s fifty day moving average is $34.02 and its two-hundred day moving average is $33.99. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. The firm has a market cap of $64.77 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19. CSX has a twelve month low of $29.03 and a twelve month high of $40.12.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.45%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analysts Set New Price Targets

Several research firms recently weighed in on CSX. Susquehanna dropped their price objective on shares of CSX from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Thursday. Loop Capital lowered their price objective on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company cut their target price on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday. Royal Bank of Canada lowered their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, Evercore ISI cut their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.61.

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.