CSX (NASDAQ:CSX) posted its quarterly earnings data on Wednesday. The transportation company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06, Bloomberg Earnings reports. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.98 billion. CSX had a return on equity of 26.96% and a net margin of 27.87%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. CSX updated its FY 2019 guidance to EPS.

Shares of NASDAQ:CSX traded down $0.17 during trading on Wednesday, reaching $69.00. 4,659,137 shares of the stock were exchanged, compared to its average volume of 4,875,837. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.44 and a current ratio of 1.55. CSX has a 12-month low of $58.47 and a 12-month high of $80.73. The firm has a market cap of $55.11 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.29 and a beta of 1.24. The firm’s 50-day moving average price is $68.38 and its 200 day moving average price is $73.09.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Wednesday, November 27th. CSX’s payout ratio is currently 25.00%.

CSX has been the subject of several recent analyst reports. Cascend Securities cut CSX from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Goldman Sachs Group initiated coverage on CSX in a report on Wednesday, July 10th. They issued a “neutral” rating and a $86.00 price target for the company. Royal Bank of Canada lowered their price target on CSX to $75.00 and set a “sector perform” rating for the company in a report on Wednesday, July 17th. Loop Capital cut CSX from a “buy” rating to a “hold” rating and lowered their price target for the company from $85.00 to $81.00 in a report on Wednesday, July 10th. Finally, Morgan Stanley lowered their price target on CSX from $56.00 to $55.00 and set an “underweight” rating for the company in a report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company’s stock. CSX has a consensus rating of “Hold” and a consensus target price of $77.82.

About CSX

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

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Earnings History for CSX (NASDAQ:CSX)

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