Zacks Research Analysts Boost Earnings Estimates for CSX Co. (NASDAQ:CSX)

CSX Co. (NASDAQ:CSX) – Zacks Research boosted their FY2026 earnings per share estimates for CSX in a note issued to investors on Wednesday, May 1st. Zacks Research analyst M. Basu now expects that the transportation company will earn $1.92 per share for the year, up from their previous estimate of $1.88. The consensus estimate for CSX’s current full-year earnings is $1.95 per share.

Other analysts also recently issued research reports about the stock. Susquehanna boosted their price objective on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a report on Thursday, March 28th. BMO Capital Markets increased their price target on CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Raymond James lifted their price objective on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. TD Cowen increased their target price on CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Finally, Benchmark restated a “buy” rating and issued a $40.00 price target on shares of CSX in a research report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

CSX Trading Down 0.5 %

CSX stock opened at $33.68 on Monday. CSX has a 52 week low of $29.03 and a 52 week high of $40.12. The company has a market capitalization of $65.84 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The company’s 50-day simple moving average is $36.14 and its 200 day simple moving average is $34.61. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 EPS.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.12 dividend. This is an increase from CSX’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 annualized dividend and a yield of 1.43%. CSX’s dividend payout ratio is presently 26.37%.

Institutional Trading of CSX

Hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its stake in shares of CSX by 315.8% in the 1st quarter. Empowered Funds LLC now owns 106,161 shares of the transportation company’s stock valued at $3,935,000 after acquiring an additional 80,629 shares during the last quarter. Quantbot Technologies LP bought a new position in CSX in the first quarter valued at about $1,931,000. LSV Asset Management boosted its stake in shares of CSX by 40.0% during the first quarter. LSV Asset Management now owns 21,000 shares of the transportation company’s stock valued at $778,000 after purchasing an additional 6,000 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of CSX by 4.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 117,902 shares of the transportation company’s stock worth $4,371,000 after purchasing an additional 5,125 shares during the last quarter. Finally, Empirical Finance LLC increased its stake in shares of CSX by 3.2% in the first quarter. Empirical Finance LLC now owns 76,604 shares of the transportation company’s stock valued at $2,840,000 after buying an additional 2,371 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Company Profile

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.