CSX (NASDAQ:CSX) Announces Earnings Results, Beats Estimates By $0.02 EPS

CSX (NASDAQ:CSX) announced its quarterly earnings results on Thursday. The transportation company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02, RTT News reports. CSX had a return on equity of 27.29% and a net margin of 27.91%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the business earned $1.01 EPS. CSX’s revenue was down 8.2% compared to the same quarter last year.

CSX stock opened at $76.40 on Friday. The stock’s 50 day simple moving average is $72.61 and its two-hundred day simple moving average is $70.74. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.41. The stock has a market cap of $60.04 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.42 and a beta of 1.21. CSX has a fifty-two week low of $63.97 and a fifty-two week high of $80.73.

In other CSX news, Director Steven T. Halverson sold 39,812 shares of CSX stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $71.65, for a total transaction of $2,852,529.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.83% of the company’s stock.

A number of brokerages recently issued reports on CSX. TD Securities boosted their price target on CSX from $76.00 to $78.00 and gave the company a “hold” rating in a report on Friday. Bank of America reduced their price target on CSX from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Citigroup downgraded CSX from a “buy” rating to a “neutral” rating and reduced their price target for the company from $80.00 to $75.00 in a report on Tuesday, December 10th. Royal Bank of Canada boosted their price target on CSX from $72.00 to $74.00 and gave the company an “in-line” rating in a report on Friday. Finally, Morgan Stanley reduced their price target on CSX from $55.00 to $52.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $78.14.

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 for CSX (NASDAQ:CSX)

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