CSX Corporation Company Profile (NASDAQ:CSX)

About CSX Corporation (NASDAQ:CSX)

CSX Corporation logoCSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. The Company categorizes its products into three primary lines of business: merchandise, intermodal and coal. The Company's intermodal business links customers to railroads through trucks and terminals. The Company's merchandise business consists of shipments in markets, such as agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals and forest products. The Company's coal business transports domestic coal, coke and iron ore to electricity-generating power plants, steel manufacturers and industrial plants, as well as export coal to deep-water port facilities.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Ground Freight & Logistics
  • Sub-Industry: N/A
  • Symbol: NASDAQ:CSX
  • CUSIP: N/A
  • Web: www.csx.com
Capitalization:
  • Market Cap: $49.03 billion
  • Outstanding Shares: 906,000,000
Average Prices:
  • 50 Day Moving Avg: $52.66
  • 200 Day Moving Avg: $51.76
  • 52 Week Range: $30.01 - $55.48
P/E:
  • Trailing P/E Ratio: 27.90
  • Foreward P/E Ratio: 20.04
  • P/E Growth: 1.55
Sales & Book Value:
  • Annual Revenue: $11.58 billion
  • Price / Sales: 4.23
  • Book Value: $12.03 per share
  • Price / Book: 4.50
Dividend:
  • Annual Dividend: $0.80
  • Dividend Yield: 1.5%
Profitability:
  • EBITDA: $5.18 billion
  • Net Margins: 15.45%
  • Return on Equity: 17.28%
  • Return on Assets: 5.56%
Debt:
  • Debt-to-Equity Ratio: 1.08%
  • Current Ratio: 1.05%
  • Quick Ratio: 1.32%
Misc:
  • Average Volume: 6.51 million shs.
  • Beta: 1.35
  • Short Ratio: 2.23
 

Frequently Asked Questions for CSX Corporation (NASDAQ:CSX)

What is CSX Corporation's stock symbol?

CSX Corporation trades on the NASDAQ under the ticker symbol "CSX."

How often does CSX Corporation pay dividends? What is the dividend yield for CSX Corporation?

CSX Corporation announced a quarterly dividend on Thursday, October 5th. Investors of record on Thursday, November 30th will be given a dividend of $0.20 per share on Friday, December 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.48%. View CSX Corporation's Dividend History.

How will CSX Corporation's stock buyback program work?

CSX Corporation announced that its Board of Directors has authorized a share buyback program on Wednesday, July 19th 2017, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

How were CSX Corporation's earnings last quarter?

CSX Corporation (NASDAQ:CSX) posted its quarterly earnings results on Tuesday, October, 17th. The company reported $0.51 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.51. The company earned $2.74 billion during the quarter, compared to analyst estimates of $2.77 billion. CSX Corporation had a return on equity of 17.28% and a net margin of 15.45%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. View CSX Corporation's Earnings History.

When will CSX Corporation make its next earnings announcement?

CSX Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, January, 16th 2018. View Earnings Estimates for CSX Corporation.

Where is CSX Corporation's stock going? Where will CSX Corporation's stock price be in 2017?

24 brokers have issued twelve-month price objectives for CSX Corporation's stock. Their forecasts range from $32.00 to $65.00. On average, they anticipate CSX Corporation's share price to reach $55.86 in the next year. View Analyst Ratings for CSX Corporation.

What are analysts saying about CSX Corporation stock?

Here are some recent quotes from research analysts about CSX Corporation stock:

  • 1. According to Zacks Investment Research, "Shares of CSX Corporation have outperformed its industry on a year-to-date basis on the back of improving coal volumes. We expect the same to boost its third-quarter results, which is scheduled to be revealed on Oct 17. Meanwhile, the company is looking to drive bottom-line growth by cutting costs. Driven by improved efficiencies, CSX expects the bottom line to expand between 20% and 25% in 2017 on a year-over-year basis. In fact, we are impressed by the 11% dividend hike announced by CSX, earlier in 2017. The company's high debt levels, however, raise concerns. Sluggish automotive production presents a further challenge to the company. Recent service disruptions also do not bode well for CSX." (10/12/2017)
  • 2. TD Securities analysts commented, "We believe CSX is poised for a period of accelerated earnings growth under Mr. Harrison, which will likely attract a premium valuation multiple. While the trajectory of the coal business is a risk to our thesis, we note that our forecast does not factor in the potential for substantial U.S." (4/21/2017)
  • 3. Stifel Nicolaus analysts commented, "Hunter Harrison is in as CEO of CSX effective immediately. We expect that this is a commitment to significant OR improvement over the coming investment horizon. Hunter is quoted as saying the team will implement Precision Scheduled Railroading, a technique used to great success at CP in recent years. This comes shortly after CSX announced a commitment for $160 million in management head count reduction." (3/7/2017)
  • 4. Cowen and Company analysts commented, "In a much expected announcement CSX Corporation named Hunter Harrison as Chief Executive Officer, replacing the retiring Michael Ward who will remain as a consultant. The company also reached an agreement with activist investor Mantle Ridge which gives them five new seats (including Mr. Harrison and Mantle Ridge founder Paul Hilal) on Board of Directors. With three incumbent board members announcing their intent to resign their positions at the end of the year, the board will have 13 members now with current director Edward Kelly III becoming Chairman and Paul Hilal Vice Chairman... While CSX was already in the process of laying off/cutting 1,000 people from its management ranks we fully expect that Mr. Harrison will push that number higher and also cut into the rank and file headcount by reducing/combing yards and shops. It is also expected that the company will now focus on faster growing areas of its network, which could lead to some shedding of lines. Mr. Harrison's proverbial playbook of cutting 'fat' and running a scheduled railroad may not seem complicated but his methods are time tested and we fully expect him to easily exceed the company's previous long term OR target of 65% over the next few years. Our previous estimates are currently under review." (3/7/2017)
  • 5. Deutsche Bank AG analysts commented, "Mantle Ridge will receive about 40% of total board seats, equating to 5 appointees (including Hilal and Hunter) out of 13 total seats, which gives effect for former CEO Mike Ward's retirement and roll-off of 3 incumbent board members at the next annual general meeting sometime in the next 3 months (chairman of audit and finance committees and one regular board member). There does not appear to be any standstill agreement, which likely allows Mantle Ridge to continue pressing for change if need be. Interestingly, CSX has not agreed to Hunter Harrison's make-whole payment, choosing instead of put it up for shareholder vote at the annual general meeting, which we think should easily pass (we believe Hunter Harrison has an effective insurance policy on this payment with Mantle Ridge, creating some risk if shareholders don't agree, though we think there is very little probability of that happening)." (3/7/2017)

Who are some of CSX Corporation's key competitors?

Who are CSX Corporation's key executives?

CSX Corporation's management team includes the folowing people:

  • Edward J. Kelly III J.D., Independent Chairman of the Board
  • E. Hunter Harrison, President, Chief Executive Officer, Director
  • Cressie D. Brown, Chief Executive Officer, Senior Vice President
  • Paul C. Hilal, Vice Chairman of the Board
  • Frank A. Lonegro, Chief Financial Officer, Executive Vice President
  • Fredrik J. Eliasson, Executive Vice President, Chief Sales and Marketing Officer
  • Ellen M. Fitzsimmons, Executive Vice President - Law & Public Affairs, General Counsel, Corporate Secretary
  • Kathleen Brandt, Senior Vice President, Chief Information Officer
  • Andrew L. Glassman, Vice President - Strategy, Controller
  • Ricky Johnson, Vice President - Engineering

Who owns CSX Corporation stock?

CSX Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Nationwide Fund Advisors (0.04%), PGGM Investments (0.02%), Mutual of America Capital Management LLC (0.01%), Oakbrook Investments LLC (0.01%), Park National Corp OH (0.01%) and First United Bank Trust (0.00%). Company insiders that own CSX Corporation stock include Clarence W Gooden, E Hunter Harrison, Michael J Ward and Ridge Lp Mantle. View Institutional Ownership Trends for CSX Corporation.

Who sold CSX Corporation stock? Who is selling CSX Corporation stock?

CSX Corporation's stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, First United Bank Trust, Park National Corp OH and Mutual of America Capital Management LLC. View Insider Buying and Selling for CSX Corporation.

Who bought CSX Corporation stock? Who is buying CSX Corporation stock?

CSX Corporation's stock was bought by a variety of institutional investors in the last quarter, including Augustine Asset Management Inc., Nationwide Fund Advisors and Oakbrook Investments LLC. Company insiders that have bought CSX Corporation stock in the last two years include E Hunter Harrison and Ridge Lp Mantle. View Insider Buying and Selling for CSX Corporation.

How do I buy CSX Corporation stock?

Shares of CSX Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is CSX Corporation's stock price today?

One share of CSX Corporation stock can currently be purchased for approximately $54.12.


MarketBeat Community Rating for CSX Corporation (NASDAQ CSX)
Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  746 (Vote Outperform)
Underperform Votes:  568 (Vote Underperform)
Total Votes:  1,314
MarketBeat's community ratings are surveys of what our community members think about CSX Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for CSX Corporation (NASDAQ:CSX) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 7 Hold Ratings, 16 Buy Ratings
Consensus Rating:Buy (Score: 2.63)
Consensus Price Target: $55.86 (3.22% upside)
Consensus Price Target History for CSX Corporation (NASDAQ:CSX)
Price Target History for CSX Corporation (NASDAQ:CSX)
Analysts' Ratings History for CSX Corporation (NASDAQ:CSX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017Barclays PLCBoost Price TargetOverweight$55.00 -> $60.00N/AView Rating Details
10/18/2017Credit Suisse GroupBoost Price TargetOutperform$60.00 -> $61.00N/AView Rating Details
10/16/2017Wells Fargo & CompanyDowngradeOutperform -> Market Perform$57.00N/AView Rating Details
10/12/2017J P Morgan Chase & CoBoost Price TargetOverweight -> Overweight$58.00 -> $62.00N/AView Rating Details
10/10/2017AegisReiterated RatingBuy$64.00N/AView Rating Details
10/2/2017Morgan StanleyDowngradeEqual Weight -> Underweight$44.00 -> $43.00MediumView Rating Details
9/7/2017Stifel NicolausReiterated RatingHold$57.00 -> $55.00LowView Rating Details
9/7/2017Royal Bank Of CanadaLower Price TargetOutperform -> Outperform$65.00 -> $64.00HighView Rating Details
8/30/2017BMO Capital MarketsReiterated RatingBuyMediumView Rating Details
8/2/2017Deutsche Bank AGReiterated RatingBuyLowView Rating Details
7/28/2017Cowen and CompanyReiterated RatingHold$54.00LowView Rating Details
7/22/2017Loop CapitalReiterated RatingHold$52.00 -> $54.00LowView Rating Details
7/20/2017TD SecuritiesLower Price TargetBuy$64.00 -> $63.00MediumView Rating Details
6/6/2017Bank of America CorporationReiterated RatingBuy$56.00 -> $65.00HighView Rating Details
4/21/2017Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$55.00MediumView Rating Details
4/20/2017FBR & CoReiterated RatingOutperform -> Outperform$48.00 -> $54.00MediumView Rating Details
3/28/2017Avondale PartnersUpgradeMarket Perform -> Market OutperformLowView Rating Details
3/15/2017Atlantic SecuritiesUpgradeNeutral -> Overweight$57.00LowView Rating Details
3/7/2017Citigroup Inc.Boost Price TargetBuy$51.00 -> $58.00N/AView Rating Details
1/24/2017Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformN/AView Rating Details
1/20/2017Robert W. BairdReiterated RatingOutperformN/AView Rating Details
1/19/2017ArgusReiterated RatingUnderweight -> Equal Weight$45.00N/AView Rating Details
1/19/2017ScotiabankUpgradeSector Perform -> Outperform$39.00 -> $43.00N/AView Rating Details
10/26/2016Sanford C. BernsteinReiterated RatingMarket Perform$32.00N/AView Rating Details
10/19/2016Seaport Global SecuritiesInitiated CoverageNeutral$31.00N/AView Rating Details
10/11/2016Vertical ResearchInitiated CoverageHoldN/AView Rating Details
9/13/2016Wolfe ResearchUpgradeMarket Perform -> Outperform$35.00N/AView Rating Details
7/15/2016BB&T CorporationDowngradeBuy -> HoldN/AView Rating Details
4/6/2016Susquehanna Bancshares IncBoost Price Target$28.00 -> $30.00N/AView Rating Details
1/15/2016Buckingham ResearchReiterated RatingBuy$31.00N/AView Rating Details
1/15/2016MacquarieReiterated RatingNeutral$24.00N/AView Rating Details
1/14/2016NomuraLower Price TargetBuy$32.00 -> $29.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for CSX Corporation (NASDAQ:CSX)
Earnings by Quarter for CSX Corporation (NASDAQ:CSX)
Earnings History by Quarter for CSX Corporation (NASDAQ CSX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/15/2018$0.57N/AView Earnings Details
10/17/2017Q3 2017$0.51$0.51$2.77 billion$2.74 billionViewN/AView Earnings Details
7/18/2017Q2 2017$0.59$0.64$2.85 billion$2.93 billionViewN/AView Earnings Details
4/19/2017Q1 2017$0.43$0.51$2.76 billion$2.87 billionViewN/AView Earnings Details
1/17/2017Q416$0.49$0.49$2.86 billion$3.04 billionViewListenView Earnings Details
10/12/2016Q316$0.45$0.48$2.69 billion$2.71 billionViewListenView Earnings Details
7/13/2016Q216$0.44$0.47$2.69 billion$2.70 billionViewListenView Earnings Details
4/12/2016Q1$0.37$0.37$2.73 billion$2.62 billionViewListenView Earnings Details
1/12/2016$0.46$0.48ViewListenView Earnings Details
1/12/2016Q415$0.46$0.48$2.78 billionViewListenView Earnings Details
10/13/2015Q315$0.50$0.52$3.01 billion$2.94 billionViewListenView Earnings Details
7/14/2015Q215$0.53$0.56$3.12 billion$3.06 millionViewListenView Earnings Details
4/14/2015Q115$0.44$0.45$3.05 billion$3.00 billionViewListenView Earnings Details
1/13/2015Q414$0.49$0.49$3.18 billion$3.20 billionViewListenView Earnings Details
10/14/2014Q314$0.47$0.51$3.14 billion$3.20 billionViewListenView Earnings Details
7/15/2014Q214$0.52$0.53$3.23 billion$3.24 billionViewListenView Earnings Details
4/15/2014Q114$0.38$0.40$2.98 billion$3.01 billionViewListenView Earnings Details
1/16/2014Q413$0.42$0.42$2.98 billion$3.00 billionViewListenView Earnings Details
10/16/2013Q313$0.43$0.46$2.94 billion$3.00 billionViewListenView Earnings Details
7/16/2013Q2 2013$0.47$0.52$3.00 billion$3.07 billionViewListenView Earnings Details
4/16/2013Q1 2013$0.40$0.45$2.92 billion$2.96 billionViewListenView Earnings Details
1/22/2013Q4 2012$0.39$0.43$2.85 billion$2.90 billionViewListenView Earnings Details
10/16/2012$0.43$0.44ViewN/AView Earnings Details
7/17/2012$0.47$0.49ViewN/AView Earnings Details
4/17/2012$0.38$0.43ViewN/AView Earnings Details
1/23/2012$0.44$0.43ViewN/AView Earnings Details
10/18/2011$0.43$0.43ViewN/AView Earnings Details
7/19/2011$0.44$0.46ViewN/AView Earnings Details
4/19/2011$1.04$1.06ViewN/AView Earnings Details
1/24/2011$1.10$1.14ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for CSX Corporation (NASDAQ:CSX)
Current Year EPS Consensus Estimate: $2.22 EPS
Next Year EPS Consensus Estimate: $2.70 EPS

Dividends

Current Dividend Information for CSX Corporation (NASDAQ:CSX)
Next Dividend:12/15/2017
Annual Dividend:$0.80
Dividend Yield:1.48%
Payout Ratio:41.24% (Trailing 12 Months of Earnings)
36.04% (Based on This Year's Estimates)
29.63% (Based on Next Year's Estimates)
Dividend Payments by Quarter for CSX Corporation (NASDAQ:CSX)

Dividend History by Quarter for CSX Corporation (NASDAQ CSX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/5/2017quarterly$0.2011/30/201712/15/2017
7/7/2017quarterly$0.208/29/20178/31/20179/15/2017
4/20/2017quarterly$0.201.61%5/26/20175/31/20176/15/2017
2/8/2017quarterly$0.182/24/20172/28/20173/15/2017
10/5/2016quarterly$0.182.32%11/28/201611/30/201612/15/2016
7/13/2016quarterly$0.182.48%8/29/20168/31/20169/15/2016
5/13/2016quarterly$0.182.85%5/26/20165/31/20166/15/2016
2/11/2016quarterly$0.182.98%2/25/20162/29/20163/15/2016
10/8/2015quarterly$0.182.48%11/25/201511/30/201512/15/2015
7/8/2015quarterly$0.182.26%8/27/20158/31/20159/15/2015
4/14/2015quarterly$0.182.19%5/27/20155/29/20156/15/2015
2/11/2015quarterly$0.161.75%2/25/20152/27/20153/13/2015
10/8/2014quarterly$0.162.08%11/25/201411/28/201412/15/2014
7/9/2014quarterly$0.162.08%8/27/20148/29/20149/15/2014
4/15/2014quarterly$0.162.3%5/23/20145/28/20146/13/2014
2/12/2014quarterly$0.152.19%2/26/20142/28/20143/14/2014
10/2/2013quarterly$0.152.34%11/26/201311/29/201312/13/2013
7/10/2013quarterly$0.152.46%8/28/20138/30/20139/13/2013
4/16/2013quarterly$0.152.55%5/29/20135/31/20136/14/2013
2/13/2013quarterly$0.142.44%2/26/20132/28/20133/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for CSX Corporation (NASDAQ:CSX)
Insider Ownership Percentage: 4.79%
Institutional Ownership Percentage: 69.78%
Insider Trades by Quarter for CSX Corporation (NASDAQ:CSX)
Institutional Ownership by Quarter for CSX Corporation (NASDAQ:CSX)
Insider Trades by Quarter for CSX Corporation (NASDAQ:CSX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/21/2017Ridge Lp MantleDirectorBuy1,357,000$51.59$70,007,630.00View SEC Filing  
4/24/2017E Hunter HarrisonCEOBuy300,000$50.20$15,060,000.00View SEC Filing  
12/12/2016Clarence W GoodenPresidentSell28,587$36.92$1,055,432.04View SEC Filing  
11/7/2016Clarence W GoodenPresidentSell15,625$32.00$500,000.00View SEC Filing  
10/17/2016Michael J WardChairmanSell300,000$30.97$9,291,000.00View SEC Filing  
10/6/2016Clarence W GoodenPresidentSell16,129$31.00$499,999.00View SEC Filing  
9/26/2016Clarence W GoodenPresidentSell17,332$29.44$510,254.08View SEC Filing  
9/1/2015David M RatcliffeDirectorBuy1,868$26.84$50,137.12View SEC Filing  
4/17/2015Gilbert H LamphereDirectorSell165,556$32.38$5,360,703.28View SEC Filing  
12/10/2014Carolyn T SizemoreVPSell21,531$36.04$775,977.24View SEC Filing  
10/30/2014Mark TommasiDirectorBuy2,000$0.35$700.00
10/13/2014Fredrik J EliassonCFOSell40,000$33.53$1,341,200.00View SEC Filing  
10/13/2014Oscar MunozCOOSell75,000$33.77$2,532,750.00View SEC Filing  
9/17/2014Oscar MunozCOOSell37,500$32.00$1,200,000.00View SEC Filing  
9/15/2014Oscar MunozCOOSell37,500$31.50$1,181,250.00View SEC Filing  
7/18/2014Lisa A ManciniSVPSell40,000$30.91$1,236,400.00View SEC Filing  
7/18/2014Michael J WardCEOSell173,000$31.02$5,366,460.00View SEC Filing  
6/20/2014Clarence W GoodenEVPSell32,200$31.00$998,200.00View SEC Filing  
6/6/2014Clarence W GoodenEVPSell33,400$30.00$1,002,000.00View SEC Filing  
5/13/2014Clarence GoodenEVPSell17,000$29.50$501,500.00View SEC Filing  
10/18/2013Carolyn T SizemoreVPSell20,000$25.43$508,600.00View SEC Filing  
5/24/2013Carolyn T SizemoreVPSell2,500$25.48$63,700.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for CSX Corporation (NASDAQ:CSX)
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Chart

CSX Corporation (CSX) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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