CSX Corporation (NASDAQ:CSX) registered a -3.18% decrease, still its new closing price is 77.44% up from the company’s 1 year high of 38.82.It posted -1.44% losses in previous 5 sessions and is now the subject of 14 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 1 sells versus 8 buy or better ratings. The 30 stock analysts following this company have an average price target at $37.46, with individual PT in the $18.00-$45.00 range. The shares moved at $36.88, implying that brokerage firms see shares gaining about 66.51% in twelve months time.
CSX Corporation (CSX) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 2.64% rise year to date. A President at CSX Corporation (CSX) offloaded shares in a transaction closed on Monday December 12, 2016. GOODEN CLARENCE W sold 28,587 shares in the company at $36.92 each and collected $1,055,000 in proceeds. GOODEN CLARENCE W now owns 62,035 shares in the company after this transaction. A President in the company, GOODEN CLARENCE W, disclosed a transaction on Monday December 12, 2016 that ended up generating $1,055,000 from the sale of 28,587 shares at $36.92 per share.
CSX Corporation (NASDAQ:CSX) Upcoming Results on Tap
CSX Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.42 in that period. Sales during the quarter are predicted to arrive at $2.73 billion.
Earnings surprise history: Last quarter, the company posted approximately $3.04 billion in revenue and EPS of $0.49. The mean forecast was for $2.89 billion and $0.50 a share, respectively. One quarter earlier, revenue for the stock was at $2.71 billion, with earnings at $0.48/share.
CSX Corporation (CSX) Brokerage Update
CSX Corporation (CSX) is in BB&T Capital Mkts’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by BB&T Capital Mkts, according to news reported on Friday July 15, 2016.Another important research note was issued by Stifel on Friday July 15, 2016.The firm downgraded CSX to Hold from Buy. Over the last six months and over the last three months, the shares of CSX Corporation (CSX), have changed 31.83% and 19.54%, respectively.
CSX Corporation (NASDAQ:CSX) on January 17, 2017 announced fourth quarter 2016 net earnings of $458 million, or $0.49 per share, versus $466 million, or $0.48 per share, in the same period of last year. The fourth quarter of 2016 included an operating property sale and a debt refinancing charge, both of which were $0.08 per share and offset each other in the quarter. In addition, the fourth quarter included an extra accounting week resulting from the company’s 52/53 week fiscal reporting calendar, which benefitted earnings per share by $0.03 per share.
Including the extra week, fourth quarter revenue increased 9 percent and expenses increased 2 percent. Operating income for the quarter was $1 billion, which included the $115 million gain from the property sale and the $62 million benefit from the extra week.
For the full year 2016, the industry continued to face headwinds from low global commodity prices and strength of the U.S. dollar. In this environment, CSX generated $11.1 billion in revenue as volume declined 5 percent overall with a 21 percent decline in the company’s coal business. Even with these ongoing challenges, CSX delivered earnings per share of $1.81, operating income of $3.4 billion and an operating ratio of 69.4 percent.