CSX (CSX) Set to Announce Quarterly Earnings on Wednesday

CSX (NASDAQ:CSX – Get Rating) is scheduled to be releasing its earnings data after the market closes on Wednesday, January 25th. Analysts expect CSX to post earnings of $0.47 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

CSX Trading Down 0.6 %

CSX stock traded down $0.19 during midday trading on Tuesday, hitting $31.86. The stock had a trading volume of 12,984,207 shares, compared to its average volume of 11,789,774. CSX has a 12-month low of $25.80 and a 12-month high of $38.63. The firm has a market cap of $66.98 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The company’s 50-day moving average price is $31.70 and its 200 day moving average price is $30.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.72 and a quick ratio of 1.57.

Institutional Trading of CSX

A number of hedge funds have recently made changes to their positions in the stock. Covestor Ltd grew its stake in CSX by 23.5% in the first quarter. Covestor Ltd now owns 3,101 shares of the transportation company’s stock worth $116,000 after purchasing an additional 590 shares in the last quarter. Arena Capital Advisors LLC CA bought a new position in CSX during the 1st quarter worth approximately $187,000. Evergreen Capital Management LLC acquired a new position in shares of CSX in the 1st quarter worth approximately $209,000. First Command Bank increased its holdings in shares of CSX by 7.6% in the 2nd quarter. First Command Bank now owns 8,496 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 600 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. acquired a new stake in shares of CSX during the 1st quarter valued at approximately $253,000. Institutional investors and hedge funds own 72.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Vertical Research upgraded CSX from a “hold” rating to a “buy” rating in a research note on Friday, October 14th. Wells Fargo & Company increased their price objective on shares of CSX from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 4th. Susquehanna downgraded shares of CSX from a “positive” rating to a “neutral” rating and lowered their target price for the company from $35.00 to $29.00 in a report on Wednesday, September 28th. StockNews.com downgraded shares of CSX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 6th. Finally, Benchmark lowered their price objective on shares of CSX to $32.00 in a research note on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.38.

About CSX

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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 transports chemicals, agricultural and food products, automotive, minerals, 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.