Zacks Research Has Strong Forecast for CSX FY2027 Earnings

CSX Co. (NASDAQ:CSX - Free Report) - Research analysts at Zacks Research raised their FY2027 earnings per share estimates for CSX in a note issued to investors on Friday, April 4th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings per share of $2.13 for the year, up from their prior estimate of $2.12. The consensus estimate for CSX's current full-year earnings is $1.83 per share.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company cut their price objective on CSX from $34.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Citigroup cut their price target on shares of CSX from $39.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday. Barclays lowered their price objective on shares of CSX from $38.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. cut their target price on shares of CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Loop Capital downgraded CSX from a "buy" rating to a "hold" rating and lowered their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.70.

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CSX Stock Up 0.7 %

CSX stock traded up $0.19 during mid-day trading on Monday, reaching $28.01. The company had a trading volume of 15,001,822 shares, compared to its average volume of 12,682,145. The company has a market capitalization of $52.79 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.92 and a beta of 1.23. CSX has a 52 week low of $26.22 and a 52 week high of $37.10. The stock has a 50 day simple moving average of $30.58 and a two-hundred day simple moving average of $32.72. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%.

CSX Increases Dividend

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

Institutional Trading of CSX

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of CSX by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock worth $1,339,555,000 after purchasing an additional 726,507 shares in the last quarter. Invesco Ltd. boosted its stake in shares of CSX by 13.5% in the fourth quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company's stock valued at $810,076,000 after buying an additional 2,977,212 shares during the period. Fisher Asset Management LLC grew its position in CSX by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock worth $805,345,000 after buying an additional 299,536 shares in the last quarter. Norges Bank bought a new position in CSX during the 4th quarter worth $780,194,000. Finally, Bank of New York Mellon Corp increased its stake in CSX by 40.5% during the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock worth $753,507,000 after acquiring an additional 6,730,316 shares during the period. Institutional investors and hedge funds 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.