CSX (NASDAQ:CSX) Releases Quarterly Earnings Results

CSX (NASDAQ:CSX) released 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 net margin of 24.77% and a return on equity of 28.92%.

CSX Stock Up 1.3 %

CSX stock opened at $33.67 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The company’s 50 day simple moving average is $33.62 and its 200-day simple moving average is $33.95. CSX has a 12 month low of $31.43 and a 12 month high of $40.12. The firm has a market capitalization of $64.93 billion, a PE ratio of 18.10, a P/E/G ratio of 2.06 and a beta of 1.22.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Susquehanna dropped their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Stephens cut their price target on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, January 10th. TD Cowen cut their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Finally, Barclays decreased their price target on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.61.

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.