CSX (NASDAQ:CSX) Issues Earnings Results, Misses Expectations By $0.02 EPS

CSX (NASDAQ:CSX) announced its earnings results on Thursday. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02), Zacks reports. CSX had a net margin of 24.77% and a return on equity of 28.92%.

CSX Stock Performance

Shares of CSX stock opened at $33.67 on Friday. The company’s fifty day simple moving average is $33.62 and its 200-day simple moving average is $33.95. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX has a 52 week low of $31.43 and a 52 week high of $40.12. The company has a market cap of $64.93 billion, a PE ratio of 18.10, a P/E/G ratio of 2.06 and a beta of 1.22.

Analyst Ratings Changes

A number of brokerages have recently commented on CSX. Wells Fargo & Company lowered their price target on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Stifel Nicolaus lowered their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Loop Capital reduced their price target on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Stephens lowered their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, Evercore ISI reduced their target price on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.61.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.