CSX (NASDAQ:CSX) is set to issue its quarterly earnings data after the market closes on Tuesday, October 16th. Analysts expect the company to announce earnings of $0.88 per share for the quarter.
CSX (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, July 17th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.15. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3 billion. CSX had a net margin of 53.27% and a return on equity of 19.31%. CSX’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 earnings per share. On average, analysts expect CSX to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NASDAQ:CSX opened at $74.76 on Tuesday. The firm has a market cap of $63.59 billion, a PE ratio of 32.50, a price-to-earnings-growth 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. CSX has a 52 week low of $48.26 and a 52 week high of $76.24.
CSX has been the topic of a number of recent research reports. BidaskClub lowered shares of CSX from a “strong-buy” rating to a “buy” rating in a report on Friday, June 15th. Zacks Investment Research upgraded 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 Tuesday, June 19th. Citigroup lifted their price target on shares of CSX from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, June 25th. ValuEngine upgraded shares of CSX from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Finally, Loop Capital upgraded shares of CSX from a “hold” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $78.00 in a report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $70.86.
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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