CSX (CSX) Set to Announce Quarterly Earnings on Wednesday

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

CSX Stock Performance

Shares of CSX stock traded down $0.19 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. The stock has a market cap of $66.98 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. CSX has a twelve month low of $25.80 and a twelve month high of $38.63. The company has a quick ratio of 1.57, a current ratio of 1.72 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average is $31.70 and its two-hundred day moving average is $30.82.

Institutional Trading of CSX

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. West Family Investments Inc. increased its holdings in CSX by 5.3% in the first quarter. West Family Investments Inc. now owns 8,672 shares of the transportation company’s stock valued at $325,000 after purchasing an additional 434 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in CSX by 3.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,017 shares of the transportation company’s stock worth $525,000 after acquiring an additional 460 shares during the period. Covestor Ltd grew its holdings in CSX by 23.5% during the 1st quarter. Covestor Ltd now owns 3,101 shares of the transportation company’s stock worth $116,000 after acquiring an additional 590 shares during the period. First Command Bank grew its holdings in CSX by 7.6% during the 2nd quarter. First Command Bank now owns 8,496 shares of the transportation company’s stock worth $247,000 after acquiring an additional 600 shares during the period. Finally, High Net Worth Advisory Group LLC grew its holdings in CSX by 1.3% during the 1st quarter. High Net Worth Advisory Group LLC now owns 72,570 shares of the transportation company’s stock worth $2,718,000 after acquiring an additional 921 shares during the period. 72.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CSX. Credit Suisse Group reduced their price target on CSX from $39.00 to $36.00 in a research report on Tuesday, October 11th. Susquehanna downgraded CSX from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $29.00 in a research report on Wednesday, September 28th. Citigroup reduced their price target on CSX from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, September 29th. Barclays increased their price target on CSX from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 29th. Finally, Wells Fargo & Company upped their target price on CSX from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX currently has an average rating of “Hold” and an average price target of $34.38.

CSX Company Profile

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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.