CSX (NASDAQ:CSX) Announces Quarterly Earnings Results

CSX (NASDAQ:CSX) released its quarterly earnings data on Thursday. The transportation company reported $0.42 earnings per share 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 Price Performance

CSX stock opened at $32.69 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The firm has a 50 day moving average price of $33.53 and a 200-day moving average price of $33.94. CSX has a 52-week low of $31.43 and a 52-week high of $40.12. The firm has a market capitalization of $63.04 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.06 and a beta of 1.22.

Analysts Set New Price Targets

CSX has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday. Wells Fargo & Company dropped their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday. Barclays reduced their price target on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday. Stephens reiterated an “overweight” rating and issued a $38.00 price objective on shares of CSX in a report on Friday. Finally, Citigroup reduced their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.68.

CSX Company Profile

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.