CSX (NASDAQ:CSX) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

CSX (NASDAQ:CSX) released its quarterly earnings data on Thursday. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate 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 Trading Up 1.3 %

Shares of CSX stock traded up $0.43 on Thursday, reaching $33.67. The company had a trading volume of 17,156,952 shares, compared to its average volume of 14,776,880. The firm has a market cap of $64.93 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 2.05 and a beta of 1.22. 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 firm’s 50-day moving average price is $33.62 and its two-hundred day moving average price is $33.95. CSX has a 1 year low of $31.43 and a 1 year high of $40.12.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CSX shares. BMO Capital Markets dropped their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company lowered their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock 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 target price on the stock in a report on Friday, January 10th. Stephens decreased their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Finally, Loop Capital decreased their price objective on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average price target of $38.65.

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.