Zacks Research Has Optimistic Outlook of CSX FY2027 Earnings

CSX Co. (NASDAQ:CSX) – Analysts at Zacks Research lifted their FY2027 earnings per share estimates for shares of CSX in a research note issued to investors on Friday, April 4th. Zacks Research analyst M. Basu now anticipates that the transportation company will earn $2.13 per share for the year, up from their prior estimate of $2.12. The consensus estimate for CSX’s current full-year earnings is $1.83 per share.

CSX has been the subject of several other reports. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $34.00 in a research report on Monday, February 3rd. Royal Bank of Canada reduced their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft started coverage on CSX in a research note on Friday, March 7th. They issued a “hold” rating and a $34.00 price target on the stock. Susquehanna dropped their price objective on CSX from $39.00 to $37.00 and set a “positive” rating for the company in a research note on Thursday, March 27th. Finally, Benchmark reaffirmed a “buy” rating and issued a $38.00 target price on shares of CSX in a research note on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and an average price target of $36.05.

CSX Price Performance

CSX stock opened at $26.69 on Monday. The firm has a market cap of $50.30 billion, a P/E ratio of 14.91, a P/E/G ratio of 1.92 and a beta of 1.23. The firm’s fifty day moving average is $30.94 and its 200 day moving average is $32.87. CSX has a 52 week low of $26.22 and a 52 week high of $37.10. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.95%. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is currently 29.05%.

Institutional Trading of CSX

Hedge funds and other institutional investors have recently modified their holdings of the business. Rehmann Capital Advisory Group grew its holdings in CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after purchasing an additional 306 shares during the period. Joel Isaacson & Co. LLC grew its stake in shares of CSX by 2.4% in the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock worth $421,000 after buying an additional 310 shares during the last quarter. Patrick M Sweeney & Associates Inc. increased its position in CSX by 1.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock valued at $1,027,000 after buying an additional 313 shares in the last quarter. West Branch Capital LLC raised its stake in CSX by 3.3% during the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock valued at $333,000 after buying an additional 332 shares during the last quarter. Finally, Alhambra Investment Management LLC raised its stake in CSX by 4.3% during the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company’s stock valued at $268,000 after buying an additional 342 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

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.