Media headlines about CSX (NASDAQ:CSX) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CSX earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 45.3702501344028 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- $0.66 Earnings Per Share Expected for CSX Co. (CSX) This Quarter (americanbankingnews.com)
- I-85 lanes reopened in Spartanburg Co. – WSPA.com (wspa.com)
- More than 100 former employees sue CSX (finance.yahoo.com)
- CSX Gulf rail line sale could impact passenger train hopes (firstcoastnews.com)
- City of Watertown officials disagree with CSX’s approach to falling concrete at West Main Street railroad bridge (watertowndailytimes.com)
Shares of CSX (NASDAQ CSX) opened at $57.48 on Wednesday. CSX has a 12 month low of $45.41 and a 12 month high of $60.04. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $51,095.93, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27.
CSX (NASDAQ:CSX) last issued its quarterly earnings data on Tuesday, January 16th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. CSX had a return on equity of 17.16% and a net margin of 47.96%. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the firm earned $0.49 EPS. CSX’s quarterly revenue was down 5.7% on a year-over-year basis. equities research analysts forecast that CSX will post 3.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.20. CSX’s dividend payout ratio (DPR) is 14.50%.
CSX announced that its Board of Directors has authorized a share repurchase plan on Monday, February 12th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
A number of research firms have recently commented on CSX. BidaskClub upgraded CSX from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Deutsche Bank set a $70.00 price objective on CSX and gave the stock a “buy” rating in a report on Sunday, March 4th. Cowen reiterated an “outperform” rating and set a $62.00 target price (up from $61.00) on shares of CSX in a report on Friday, March 2nd. Scotiabank set a $63.00 target price on CSX and gave the company a “hold” rating in a report on Friday, March 2nd. Finally, Morgan Stanley dropped their target price on CSX from $51.00 to $47.00 and set an “underweight” rating on the stock in a report on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $60.71.
CSX Company Profile
CSX 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.
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