CSX (NASDAQ:CSX) Announces Earnings Results, Misses Estimates By $0.02 EPS

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

CSX Trading Up 3.3 %

NASDAQ:CSX traded up $1.10 during trading hours on Friday, hitting $34.19. The company had a trading volume of 8,256,746 shares, compared to its average volume of 11,566,248. The company has a market capitalization of $66.84 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19. The stock has a 50-day moving average price of $34.02 and a 200 day moving average price of $33.99. CSX has a 52 week low of $29.03 and a 52 week high of $40.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, November 29th. CSX’s payout ratio is 26.37%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BMO Capital Markets decreased their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday. Wells Fargo & Company decreased their target price on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday. Loop Capital reduced their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday. Stifel Nicolaus reduced their price target on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Evercore ISI reduced their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus price target 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.