Zacks Research Issues Positive Outlook for CSX Earnings

CSX Corporation (NASDAQ:CSX - Free Report) - Zacks Research boosted their Q4 2026 earnings per share estimates for shares of CSX in a report released on Monday, July 7th. Zacks Research analyst M. Basu now anticipates that the transportation company will earn $0.48 per share for the quarter, up from their previous estimate of $0.47. The consensus estimate for CSX's current full-year earnings is $1.83 per share.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a return on equity of 26.42% and a net margin of 22.66%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets reduced their price objective on CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group restated a "neutral" rating and set a $35.00 price objective on shares of CSX in a research note on Monday, June 2nd. UBS Group cut their target price on CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Baird R W upgraded CSX to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Evercore ISI cut their target price on CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $34.64.

CSX Stock Performance

CSX traded up $0.56 during trading hours on Thursday, hitting $34.10. 27,259,122 shares of the stock were exchanged, compared to its average volume of 13,403,822. The stock has a 50-day simple moving average of $31.73 and a 200-day simple moving average of $31.09. CSX has a 12 month low of $26.22 and a 12 month high of $37.10. The stock has a market cap of $64.06 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 3.05 and a beta of 1.23. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.88 and a quick ratio of 0.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CSX. Geode Capital Management LLC grew its holdings in CSX by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock worth $1,339,555,000 after acquiring an additional 726,507 shares during the period. Bank of New York Mellon Corp grew its holdings in CSX by 21.6% during the first quarter. Bank of New York Mellon Corp now owns 28,383,830 shares of the transportation company's stock worth $835,336,000 after acquiring an additional 5,033,743 shares during the period. Invesco Ltd. grew its holdings in CSX by 13.5% during the fourth quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company's stock worth $810,076,000 after acquiring an additional 2,977,212 shares during the period. Norges Bank acquired a new position in CSX during the fourth quarter worth about $780,194,000. Finally, Ameriprise Financial Inc. grew its holdings in CSX by 12.5% during the first quarter. Ameriprise Financial Inc. now owns 23,456,085 shares of the transportation company's stock worth $690,359,000 after acquiring an additional 2,599,518 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Friday, May 30th. CSX's dividend payout ratio (DPR) is 31.14%.

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.