CSX (NASDAQ:CSX – Get Free Report) posted its earnings results on Wednesday. The transportation company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01, Briefing.com reports. CSX had a return on equity of 29.88% and a net margin of 24.75%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter was down .8% on a year-over-year basis.
CSX Stock Performance
CSX stock opened at $34.39 on Friday. The company has a 50 day moving average price of $36.93 and a 200-day moving average price of $34.32. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.05. CSX has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The company has a market capitalization of $67.32 billion, a PE ratio of 18.90, a P/E/G ratio of 1.97 and a beta of 1.18.
CSX Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.11. CSX’s payout ratio is currently 26.37%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on CSX
Institutional Trading of CSX
Institutional investors and hedge funds have recently modified their holdings of the stock. West Tower Group LLC bought a new stake in shares of CSX during the fourth quarter valued at approximately $26,000. Fortis Capital Advisors LLC bought a new position in CSX in the fourth quarter worth approximately $27,000. Cornerstone Planning Group LLC bought a new position in CSX in the second quarter worth approximately $41,000. True Wealth Design LLC bought a new position in CSX in the fourth quarter worth approximately $42,000. Finally, Milestone Investment Advisors LLC bought a new position in CSX in the first quarter worth approximately $71,000. Institutional investors own 73.57% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than CSX
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Taiwan Semiconductor Earnings: AI Dominance and Future Outlook
- Stock Dividend Cuts Happen Are You Ready?
- Comprehensive PepsiCo Stock Analysis
- What is a Secondary Public Offering? What Investors Need to Know
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.