Earnings Report: Here’s what to expect from CSX (NASDAQ:CSX)

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Earnings results for CSX (NASDAQ:CSX)

CSX last posted its earnings data on July 20th, 2021. The transportation company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business earned $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. Its revenue was up 32.6% compared to the same quarter last year. CSX has generated $1.22 earnings per share over the last year ($1.48 diluted earnings per share) and currently has a price-to-earnings ratio of 23.1. Earnings for CSX are expected to grow by 11.92% in the coming year, from $1.51 to $1.69 per share. CSX has confirmed that its next quarterly earnings report will be published on Wednesday, October 20th, 2021. CSX will be holding an earnings conference call on Wednesday, October 20th at 4:30 PM Eastern. Interested parties can register for or listen to the call..

Analyst Opinion on CSX (NASDAQ:CSX)

According to the issued ratings of 17 analysts in the last year, the consensus rating for CSX stock is Buy based on the current 1 sell rating, 5 hold ratings and 11 buy ratings for CSX. The average twelve-month price target for CSX is $35.10 with a high price target of $40.00 and a low price target of $21.00.

on CSX’s analyst rating history

CSX has received a consensus rating of Buy. The company’s average rating score is 2.59, and is based on 11 buy ratings, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $35.10, CSX has a forecasted upside of 2.6% from its current price of $34.23. CSX has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: CSX (NASDAQ:CSX)

CSX pays a meaningful dividend of 1.08%, higher than the bottom 25% of all stocks that pay dividends. CSX does not have a long track record of dividend growth. The dividend payout ratio of CSX is 30.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CSX will have a dividend payout ratio of 21.89% next year. This indicates that CSX will be able to sustain or increase its dividend.

Insiders buying/selling: CSX (NASDAQ:CSX)

In the past three months, CSX insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,367,739.00 in company stock. Only 0.60% of the stock of CSX is held by insiders. 71.79% of the stock of CSX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of CSX (NASDAQ:CSX

Earnings for CSX are expected to grow by 11.92% in the coming year, from $1.51 to $1.69 per share. The P/E ratio of CSX is 23.13, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.08. The P/E ratio of CSX is 23.13, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 45.70. CSX has a PEG Ratio of 1.80. PEG Ratios above 1 indicate that a company could be overvalued. CSX has a P/B Ratio of 5.99. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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