CSX (CSX) Projected to Post Earnings on Wednesday

CSX (NASDAQ:CSX - Get Free Report) is expected to announce its earnings results after the market closes on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $3.53 billion for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, analysts expect CSX to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CSX Price Performance

CSX stock traded up $0.19 during mid-day trading on Friday, reaching $28.01. The company had a trading volume of 15,001,822 shares, compared to its average volume of 12,682,145. The business has a fifty day simple moving average of $30.58 and a 200 day simple moving average of $32.72. The company has a market cap of $52.79 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.92 and a beta of 1.23. CSX has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

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CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.13 per share. This is an increase from CSX's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.86%. CSX's dividend payout ratio (DPR) is 29.05%.

Analysts Set New Price Targets

Several research firms have commented on CSX. Benchmark reiterated a "buy" rating and issued a $38.00 target price on shares of CSX in a research report on Monday, January 27th. Royal Bank of Canada dropped their price objective on shares of CSX from $34.00 to $33.00 and set a "sector perform" rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. reduced their target price on shares of CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Wells Fargo & Company decreased their price target on shares of CSX from $34.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Finally, Stephens reiterated an "overweight" rating and set a $38.00 price target on shares of CSX in a report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $35.70.

Hedge Funds Weigh In On CSX

A hedge fund recently raised its stake in CSX stock. Brighton Jones LLC grew its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,254 shares of the transportation company's stock after buying an additional 849 shares during the period. Brighton Jones LLC's holdings in CSX were worth $525,000 at the end of the most recent reporting period. Institutional investors own 73.57% of the company's stock.

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.