CSX (NASDAQ:CSX) Posts Earnings Results, Beats Expectations By $0.02 EPS

CSX (NASDAQ:CSX) issued its quarterly earnings results on Tuesday. The transportation company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02, Fidelity Earnings reports. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.94 billion. CSX had a return on equity of 21.42% and a net margin of 25.62%. The business’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS.

CSX stock traded up $1.11 during trading on Thursday, reaching $32.68. The company’s stock had a trading volume of 1,094,428 shares, compared to its average volume of 12,206,381. CSX has a 1 year low of $22.69 and a 1 year high of $34.96. The company has a quick ratio of 2.23, a current ratio of 2.39 and a debt-to-equity ratio of 1.24. The firm has a market cap of $74.26 billion, a P/E ratio of 27.82, a P/E/G ratio of 1.98 and a beta of 1.16. The company has a fifty day moving average price of $33.69.

The firm also recently declared a dividend, which was paid on Monday, June 28th. Shareholders of record on Wednesday, June 30th were paid a $0.0933 dividend. The ex-dividend date of this dividend was Tuesday, June 29th. This represents a yield of 1.16%. CSX’s payout ratio is presently 30.33%.

In other CSX news, Director David M. Moffett sold 5,819 shares of the stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $101.93, for a total transaction of $593,130.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Kenneth Wallace sold 47,966 shares of the stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $104.38, for a total transaction of $5,006,691.08. Following the transaction, the executive vice president now directly owns 110,876 shares of the company’s stock, valued at approximately $11,573,236.88. The disclosure for this sale can be found here. Insiders sold a total of 1,996,015 shares of company stock valued at $201,411,409 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on CSX shares. Credit Suisse Group upped their price objective on CSX from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday. raised CSX from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 29th. Vertical Research started coverage on shares of CSX in a research note on Friday, March 26th. They set a “hold” rating for the company. Susquehanna boosted their target price on shares of CSX from $37.00 to $38.00 and gave the company a “positive” rating in a research note on Thursday. Finally, Atlantic Securities started coverage on shares of CSX in a research note on Monday, July 12th. They set an “overweight” rating and a $40.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $34.25.

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 transports chemicals, agricultural and food products, automotive, minerals, 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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Earnings History for CSX (NASDAQ:CSX)

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