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

CSX (NASDAQ:CSX) posted its quarterly earnings results on Thursday. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02), Zacks reports. CSX had a return on equity of 28.92% and a net margin of 24.77%.

CSX Trading Up 1.3 %

CSX stock traded up $0.43 during midday trading on Thursday, hitting $33.67. 17,088,339 shares of the company’s stock were exchanged, compared to its average volume of 14,761,280. CSX has a one year low of $31.43 and a one year high of $40.12. The stock’s fifty day moving average price is $33.62 and its 200-day moving average price is $33.95. The company has a market cap of $64.93 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

Analyst Ratings Changes

A number of research firms have weighed in on CSX. Wells Fargo & Company decreased their price objective on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Stifel Nicolaus cut their price objective on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, January 10th. Royal Bank of Canada reduced their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Finally, BMO Capital Markets cut their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and an average target price of $38.65.

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.