Equities analysts expect that CSX Co. (NASDAQ:CSX) will report $1.12 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for CSX’s earnings. The highest EPS estimate is $1.17 and the lowest is $1.07. CSX posted earnings per share of $1.01 during the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The business is scheduled to report its next earnings results on Tuesday, July 16th.

On average, analysts expect that CSX will report full year earnings of $4.35 per share for the current fiscal year, with EPS estimates ranging from $4.15 to $4.50. For the next year, analysts anticipate that the company will report earnings of $4.78 per share, with EPS estimates ranging from $4.50 to $5.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover CSX.

CSX (NASDAQ:CSX) last posted its earnings results on Tuesday, April 16th. The transportation company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. CSX had a net margin of 27.84% and a return on equity of 26.13%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year.

CSX has been the topic of several recent analyst reports. Zacks Investment Research raised shares of CSX from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Thursday, January 24th. ValuEngine raised shares of CSX from a “hold” rating to a “buy” rating in a report on Monday, February 4th. BidaskClub raised shares of CSX from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. Royal Bank of Canada cut shares of CSX from an “outperform” rating to a “sector perform” rating and set a $78.00 price target on the stock. in a report on Tuesday, February 19th. Finally, Stifel Nicolaus cut shares of CSX from a “buy” rating to a “hold” rating and set a $74.00 price target on the stock. in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $79.58.

In other CSX news, VP Angela C. Williams sold 9,560 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $79.14, for a total transaction of $756,578.40. Following the sale, the vice president now directly owns 14,607 shares of the company’s stock, valued at $1,155,997.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.83% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of CSX. Virtus ETF Advisers LLC raised its position in CSX by 117.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 445 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. Larson Financial Group LLC bought a new position in CSX in the fourth quarter worth approximately $28,000. Liberty Wealth Management LLC bought a new position in CSX in the fourth quarter worth approximately $28,000. IMA Wealth Inc. bought a new position in CSX in the first quarter worth approximately $35,000. Finally, Karp Capital Management Corp bought a new position in CSX in the fourth quarter worth approximately $30,000. 75.51% of the stock is currently owned by institutional investors.

CSX opened at $77.44 on Monday. The firm has a market capitalization of $63.39 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.34 and a beta of 1.29. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.68 and a current ratio of 1.81. CSX has a 12-month low of $58.47 and a 12-month high of $80.73.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.24%. CSX’s dividend payout ratio (DPR) is 25.00%.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Earnings History and Estimates for CSX (NASDAQ:CSX)

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