CSX Corporation (NASDAQ:CSX – Get Free Report) shares hit a new 52-week high on Thursday following a stronger than expected earnings report. The company traded as high as $52.25 and last traded at $52.8610, with a volume of 33713 shares. The stock had previously closed at $49.93.
The transportation company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.89 billion. CSX had a return on equity of 24.47% and a net margin of 21.55%.The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS.
CSX Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, August 31st. This represents a $0.56 annualized dividend and a yield of 1.1%. CSX’s dividend payout ratio is currently 34.36%.
More CSX News
- Positive Sentiment: CSX reported Q2 diluted EPS of $0.54, ahead of estimates, on record revenue of $3.94 billion, with operating income and margins also improving sharply year over year. CSX Corp. Announces Second Quarter 2026 Results
- Positive Sentiment: Management raised its 2026 outlook after the beat, reinforcing confidence that demand trends and pricing power remain supportive of earnings growth. CSX generates record revenue in Q2, beats profit expectations
- Positive Sentiment: Analysts turned more constructive following the results, with TD Cowen and UBS reiterating Buy ratings and lifting price targets to $54, which can support sentiment around the stock. CSX Earns Buy Rating on Strong Q2 Beat, Raised Guidance and Upside to $54 Price Target Driven by Margin Expansion
Analysts Set New Price Targets
A number of analysts recently issued reports on CSX shares. Benchmark reissued a “buy” rating and set a $54.00 target price (up from $48.00) on shares of CSX in a research report on Wednesday, July 15th. Citizens Jmp initiated coverage on shares of CSX in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Vertical Research downgraded CSX from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a report on Thursday, April 23rd. Weiss Ratings cut CSX from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Finally, Susquehanna upgraded CSX from a “neutral” rating to a “positive” rating and raised their target price for the company from $50.00 to $58.00 in a report on Tuesday, July 14th. Seventeen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.83.
Insider Transactions at CSX
In other news, Director John J. Zillmer sold 10,000 shares of CSX stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $46.45, for a total value of $464,500.00. Following the completion of the transaction, the director directly owned 353,714 shares of the company’s stock, valued at approximately $16,430,015.30. The trade was a 2.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin S. Boone sold 136,708 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $46.70, for a total transaction of $6,384,263.60. Following the sale, the chief financial officer directly owned 208,622 shares of the company’s stock, valued at approximately $9,742,647.40. This represents a 39.59% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.
Hedge Funds Weigh In On CSX
Institutional investors have recently made changes to their positions in the stock. Arlington Trust Co LLC boosted its position in CSX by 58.0% during the 2nd quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock worth $32,000 after acquiring an additional 250 shares during the period. Syon Capital LLC lifted its stake in shares of CSX by 1.0% in the fourth quarter. Syon Capital LLC now owns 28,316 shares of the transportation company’s stock worth $1,026,000 after buying an additional 287 shares during the last quarter. Root Financial Partners LLC grew its stake in CSX by 7.3% in the 4th quarter. Root Financial Partners LLC now owns 4,757 shares of the transportation company’s stock valued at $172,000 after buying an additional 323 shares during the last quarter. Walled Lake Planning & Wealth Management LLC lifted its position in CSX by 2.7% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 13,235 shares of the transportation company’s stock worth $480,000 after acquiring an additional 346 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its holdings in CSX by 0.9% in the 4th quarter. Sumitomo Life Insurance Co. now owns 39,996 shares of the transportation company’s stock valued at $1,450,000 after buying an additional 347 shares during the last quarter. 73.57% of the stock is owned by institutional investors.
CSX Stock Up 5.7%
The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.83 and a current ratio of 0.97. The company has a market capitalization of $98.03 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 2.46 and a beta of 1.21. The firm’s 50-day simple moving average is $47.41 and its 200-day simple moving average is $42.97.
About CSX
CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.
CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.
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