CSX Co. (NASDAQ:CSX) – Equities researchers at Seaport Global Securities increased their FY2019 earnings estimates for CSX in a research report issued to clients and investors on Thursday, October 17th. Seaport Global Securities analyst M. Levin now forecasts that the transportation company will post earnings of $4.18 per share for the year, up from their prior forecast of $4.12.

A number of other research analysts have also recently issued reports on the stock. UBS Group lowered their price target on shares of CSX from $81.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 17th. Cascend Securities cut shares of CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Stephens lowered CSX from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $86.00 to $79.00 in a research report on Wednesday, July 17th. Morgan Stanley reduced their price target on CSX from $56.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, October 7th. Finally, Cowen lifted their price target on CSX from $77.00 to $78.00 and gave the stock a “market perform” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $78.21.

Shares of NASDAQ:CSX opened at $68.67 on Monday. CSX has a 1 year low of $58.47 and a 1 year high of $80.73. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.41 and a quick ratio of 1.44. The stock has a market capitalization of $55.70 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.30 and a beta of 1.24. The company’s 50 day simple moving average is $68.56 and its 200 day simple moving average is $73.04.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, October 16th. The transportation company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. CSX had a net margin of 27.91% and a return on equity of 27.67%. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the company earned $1.05 EPS. The business’s revenue was down 4.8% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.96 dividend on an annualized basis and a yield of 1.40%. CSX’s payout ratio is 25.00%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. increased its position in shares of CSX by 5.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,594,156 shares of the transportation company’s stock worth $119,276,000 after purchasing an additional 83,296 shares during the last quarter. Park National Corp OH lifted its position in shares of CSX by 32.1% in the second quarter. Park National Corp OH now owns 263,452 shares of the transportation company’s stock worth $20,383,000 after buying an additional 64,070 shares during the last quarter. Fulton Bank N.A. lifted its position in shares of CSX by 5.1% in the second quarter. Fulton Bank N.A. now owns 3,305 shares of the transportation company’s stock worth $256,000 after buying an additional 161 shares during the last quarter. Rockland Trust Co. lifted its position in shares of CSX by 7.2% in the second quarter. Rockland Trust Co. now owns 3,269 shares of the transportation company’s stock worth $253,000 after buying an additional 219 shares during the last quarter. Finally, DNB Asset Management AS lifted its position in shares of CSX by 2.8% in the second quarter. DNB Asset Management AS now owns 147,122 shares of the transportation company’s stock worth $11,383,000 after buying an additional 3,944 shares during the last quarter. 75.74% of the stock is owned by hedge funds and other institutional investors.

About CSX

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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