CSX Corporation (CSX) Scheduled to Post Earnings on Tuesday

CSX Corporation (NASDAQ:CSX) will post its quarterly earnings results after the market closes on Tuesday, October 17th. Analysts expect CSX Corporation to post earnings of $0.58 per share for the quarter. CSX Corporation has set its FY17 guidance at +25% to ~$2.26 EPS.

CSX Corporation (NASDAQ:CSX) last announced its quarterly earnings data on Tuesday, July 18th. The transportation company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.05. CSX Corporation had a return on equity of 16.93% and a net margin of 15.46%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. On average, analysts expect CSX Corporation to post $2.22 EPS for the current fiscal year and $2.70 EPS for the next fiscal year.

CSX Corporation (NASDAQ CSX) opened at 52.81 on Tuesday. The stock has a market capitalization of $48.23 billion, a P/E ratio of 27.62 and a beta of 1.35. The stock has a 50 day moving average price of $51.49 and a 200 day moving average price of $51.28. CSX Corporation has a 12 month low of $30.01 and a 12 month high of $55.48.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.51%. CSX Corporation’s dividend payout ratio is presently 41.88%.

CSX Corporation declared that its Board of Directors has authorized a share buyback plan on Tuesday, July 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

A number of brokerages recently weighed in on CSX. ValuEngine lowered shares of CSX Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Morgan Stanley lowered shares of CSX Corporation from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $44.00 to $43.00 in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of CSX Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. BidaskClub raised shares of CSX Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $55.00 price target (down from $57.00) on shares of CSX Corporation in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $54.09.

In related news, Director Ridge Lp Mantle bought 1,357,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average price of $51.59 per share, for a total transaction of $70,007,630.00. Following the acquisition, the director now owns 106 shares of the company’s stock, valued at $5,468.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.79% of the stock is currently owned by company insiders.

WARNING: This article was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/10/csx-corporation-csx-scheduled-to-post-earnings-on-tuesday.html.

About CSX Corporation

CSX Corporation is a t

CSX Corporation (NASDAQ:CSX) last announced its quarterly earnings data on Tuesday, July 18th. The transportation company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.05. CSX Corporation had a return on equity of 16.93% and a net margin of 15.46%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. On average, analysts expect CSX Corporation to post $2.22 EPS for the current fiscal year and $2.70 EPS for the next fiscal year.

CSX Corporation (NASDAQ CSX) opened at 52.81 on Tuesday. The stock has a market capitalization of $48.23 billion, a P/E ratio of 27.62 and a beta of 1.35. The stock has a 50 day moving average price of $51.49 and a 200 day moving average price of $51.28. CSX Corporation has a 12 month low of $30.01 and a 12 month high of $55.48.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.51%. CSX Corporation’s dividend payout ratio is presently 41.88%.

CSX Corporation declared that its Board of Directors has authorized a share buyback plan on Tuesday, July 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

A number of brokerages recently weighed in on CSX. ValuEngine lowered shares of CSX Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Morgan Stanley lowered shares of CSX Corporation from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $44.00 to $43.00 in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of CSX Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. BidaskClub raised shares of CSX Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $55.00 price target (down from $57.00) on shares of CSX Corporation in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $54.09.

In related news, Director Ridge Lp Mantle bought 1,357,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average price of $51.59 per share, for a total transaction of $70,007,630.00. Following the acquisition, the director now owns 106 shares of the company’s stock, valued at $5,468.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.79% of the stock is currently owned by company insiders.

WARNING: This article was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/10/csx-corporation-csx-scheduled-to-post-earnings-on-tuesday.html.

About CSX Corporation

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.

Earnings History for CSX Corporation (NASDAQ:CSX)

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