CSX (NASDAQ:CSX) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Thursday, July 22, 2021 | MarketBeat

CSX (NASDAQ:CSX) announced its quarterly earnings results on Tuesday. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02, Fidelity Earnings reports. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.94 billion. CSX had a return on equity of 21.42% and a net margin of 25.62%. The business's revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share.

CSX stock opened at $32.72 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.39 and a quick ratio of 2.23. CSX has a 52 week low of $22.69 and a 52 week high of $34.96. The firm has a market capitalization of $74.35 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.98 and a beta of 1.16. The business's 50-day moving average price is $33.69.

The company also recently announced a dividend, which was paid on Monday, June 28th. Investors of record on Wednesday, June 30th were issued a dividend of $0.0933 per share. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, June 29th. CSX's dividend payout ratio (DPR) is 30.33%.

In related news, Director David M. Moffett sold 5,819 shares of CSX stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $101.93, for a total transaction of $593,130.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Kenneth Wallace sold 47,966 shares of CSX stock in a transaction that occurred on Monday, May 10th. The shares were sold at an average price of $104.38, for a total value of $5,006,691.08. Following the transaction, the executive vice president now owns 110,876 shares of the company's stock, valued at $11,573,236.88. The disclosure for this sale can be found here. Insiders have sold 1,996,015 shares of company stock valued at $201,411,409 in the last ninety days. Corporate insiders own 0.60% of the company's stock.

Several research firms have issued reports on CSX. BMO Capital Markets upgraded CSX from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $31.67 to $36.67 in a research note on Wednesday, April 21st. Vertical Research began coverage on CSX in a research note on Friday, March 26th. They issued a "hold" rating on the stock. Atlantic Securities began coverage on CSX in a research note on Monday, July 12th. They issued an "overweight" rating and a $40.00 target price on the stock. Citigroup upgraded CSX from a "neutral" rating to a "buy" rating in a research note on Tuesday, June 29th. Finally, Stifel Nicolaus began coverage on CSX in a research note on Monday, June 21st. They issued a "hold" rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of "Buy" and a consensus price target of $33.36.

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 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.

Recommended Story: Quiet Period

Earnings History for CSX (NASDAQ:CSX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in CSX right now?

Before you consider CSX, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSX wasn't on the list.

While CSX currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.