CSX (NASDAQ:CSX) Releases Earnings Results, Misses Estimates By $0.02 EPS

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

CSX Stock Up 1.3 %

CSX stock traded up $0.43 during midday trading on Thursday, hitting $33.67. The stock had a trading volume of 17,156,952 shares, compared to its average volume of 14,776,880. The firm has a market cap of $64.93 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.22. The business has a 50-day moving average of $33.62 and a two-hundred day moving average of $33.95. CSX has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

Wall Street Analysts Forecast Growth

CSX has been the subject of a number of analyst reports. Loop Capital lowered their price target on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Stifel Nicolaus dropped their price target on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Susquehanna dropped their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. BMO Capital Markets dropped their target price on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research 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 twelve have given a buy rating to the company. Based on data from MarketBeat, CSX has an average rating of “Moderate Buy” and an average target price of $38.65.

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.