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.
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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