CSX (CSX) Expected to Announce Earnings on Thursday

CSX (NASDAQ:CSX - Get Free Report) is projected to post its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect CSX to post earnings of $0.44 per share and revenue of $3,572,172.06 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same period last year, the company earned $0.42 EPS. The company's revenue was up 1.3% on a year-over-year basis. On average, analysts expect CSX to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CSX Stock Performance

Shares of NASDAQ:CSX traded up $0.51 during trading on Thursday, hitting $32.97. 21,672,842 shares of the stock were exchanged, compared to its average volume of 14,603,862. The company has a market capitalization of $63.57 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX has a 1-year low of $31.43 and a 1-year high of $40.12. The company's fifty day simple moving average is $33.94 and its 200-day simple moving average is $33.97.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CSX. Susquehanna dropped their price objective on shares of CSX from $40.00 to $39.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Loop Capital dropped their price target on shares of CSX from $43.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, October 17th. Royal Bank of Canada decreased their price objective on CSX from $36.00 to $35.00 and set a "sector perform" rating on the stock in a report on Thursday, October 17th. TD Cowen dropped their target price on CSX from $36.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, October 17th. Finally, Evercore ISI decreased their price target on CSX from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.67.

CSX Company Profile

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.