Brokerages Anticipate CSX Co. (CSX) to Post $0.88 EPS

Equities analysts forecast that CSX Co. (NASDAQ:CSX) will announce earnings of $0.88 per share for the current quarter, Zacks reports. Seven analysts have provided estimates for CSX’s earnings. The highest EPS estimate is $0.93 and the lowest is $0.85. CSX posted earnings of $0.51 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 72.5%. The company is scheduled to report its next earnings report after the market closes on Tuesday, October 16th.

According to Zacks, analysts expect that CSX will report full-year earnings of $3.59 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.70. For the next financial year, analysts forecast that the company will post earnings of $3.97 per share, with EPS estimates ranging from $3.77 to $4.10. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for CSX.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Tuesday, July 17th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.15. CSX had a return on equity of 19.31% and a net margin of 53.27%. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the business earned $0.64 EPS. CSX’s revenue was up 5.8% compared to the same quarter last year.

Several equities research analysts have weighed in on CSX shares. BidaskClub cut CSX from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Stifel Nicolaus upped their target price on CSX from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, July 18th. Loop Capital upgraded CSX from a “hold” rating to a “buy” rating and upped their target price for the stock from $65.00 to $78.00 in a report on Wednesday, July 18th. Morgan Stanley upped their target price on CSX from $49.00 to $52.00 and gave the stock a “sell” rating in a report on Wednesday, July 18th. Finally, Scotiabank set a $72.00 target price on CSX and gave the stock a “hold” rating in a report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $69.45.

Shares of CSX stock traded down $0.79 during mid-day trading on Wednesday, hitting $73.20. The stock had a trading volume of 184,120 shares, compared to its average volume of 5,083,691. CSX has a 12-month low of $48.26 and a 12-month high of $76.24. The stock has a market capitalization of $63.54 billion, a price-to-earnings ratio of 32.03, a P/E/G ratio of 1.54 and a beta of 1.24. The company has a current ratio of 1.66, a quick ratio of 1.48 and a debt-to-equity ratio of 0.98.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, August 30th. CSX’s dividend payout ratio (DPR) is currently 38.26%.

A number of large investors have recently made changes to their positions in CSX. Engineers Gate Manager LP acquired a new position in CSX during the 1st quarter valued at about $219,000. KBC Group NV increased its holdings in shares of CSX by 2.4% in the first quarter. KBC Group NV now owns 199,589 shares of the transportation company’s stock valued at $11,119,000 after purchasing an additional 4,624 shares during the period. Canandaigua National Bank & Trust Co. increased its holdings in shares of CSX by 12.8% in the first quarter. Canandaigua National Bank & Trust Co. now owns 10,701 shares of the transportation company’s stock valued at $596,000 after purchasing an additional 1,216 shares during the period. IFP Advisors Inc increased its holdings in shares of CSX by 23.7% in the first quarter. IFP Advisors Inc now owns 58,625 shares of the transportation company’s stock valued at $3,266,000 after purchasing an additional 11,218 shares during the period. Finally, Alleghany Corp DE increased its holdings in shares of CSX by 20.9% in the first quarter. Alleghany Corp DE now owns 5,180,000 shares of the transportation company’s stock valued at $288,577,000 after purchasing an additional 895,000 shares during the period. 74.52% of the stock is currently owned by institutional investors.

CSX Company Profile

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

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