Analysts expect CSX Co. (NASDAQ:CSX) to post $2.96 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for CSX’s earnings, with estimates ranging from $2.94 billion to $2.98 billion. CSX reported sales of $2.74 billion during the same quarter last year, which would suggest a positive year over year growth rate of 8%. The firm is expected to issue its next quarterly earnings report after the market closes on Tuesday, October 16th.

On average, analysts expect that CSX will report full year sales of $11.99 billion for the current financial year, with estimates ranging from $11.90 billion to $12.05 billion. For the next year, analysts forecast that the business will post sales of $12.41 billion per share, with estimates ranging from $12.15 billion to $12.68 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for CSX.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Tuesday, July 17th. The transportation company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.15. CSX had a return on equity of 19.31% and a net margin of 53.27%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis.

Several analysts have weighed in on the company. BidaskClub upgraded CSX from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th. Deutsche Bank set a $79.00 target price on CSX and gave the company a “buy” rating in a report on Friday, June 8th. Zacks Investment Research upgraded CSX from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Tuesday, June 19th. UBS Group set a $82.00 target price on CSX and gave the company a “buy” rating in a report on Wednesday, July 18th. Finally, ValuEngine upgraded CSX from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. CSX presently has an average rating of “Buy” and a consensus price target of $69.45.

CSX stock traded down $0.79 during midday trading on Friday, hitting $73.20. The company had a trading volume of 184,120 shares, compared to its average volume of 5,083,691. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.48 and a current ratio of 1.66. CSX has a 52 week low of $48.26 and a 52 week high of $76.24. The company has a market capitalization of $63.54 billion, a P/E ratio of 32.03, a PEG ratio of 1.54 and a beta of 1.24.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, August 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.20%. CSX’s dividend payout ratio is presently 38.26%.

A number of hedge funds have recently modified their holdings of CSX. Egerton Capital UK LLP purchased a new stake in CSX in the second quarter worth $440,710,000. CI Global Investments Inc. grew its stake in CSX by 254.1% in the first quarter. CI Global Investments Inc. now owns 6,305,842 shares of the transportation company’s stock worth $351,298,000 after purchasing an additional 4,524,823 shares during the period. AGF Investments Inc. purchased a new stake in CSX in the second quarter worth $90,467,000. Interval Partners LP purchased a new stake in CSX in the first quarter worth $50,306,000. Finally, Royal London Asset Management Ltd. purchased a new stake in CSX in the second quarter worth $50,849,000. 74.52% of the stock is currently owned by institutional investors.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Earnings History and Estimates for CSX (NASDAQ:CSX)

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