Analysts See $0.55 EPS for CSX Corporation (CSX)

September 17, 2017 - By Linda Rogers

 Analysts See $0.55 EPS for CSX Corporation (CSX)
Investors sentiment decreased to 0.9 in 2016 Q4. Its down 0.04, from 0.94 in 2016Q3. It fall, as 43 investors sold CSX Corporation shares while 320 reduced holdings. 114 funds opened positions while 214 raised stakes. 649.07 million shares or 2.31% more from 634.41 million shares in 2016Q3 were reported.
South Dakota Inv Council invested 0.45% of its portfolio in CSX Corporation (NASDAQ:CSX). Great Lakes Advsrs Limited Liability Company invested in 21,097 shares. 35,471 are owned by Fort Washington Inv Inc Oh. Apriem Advisors owns 50 shares. Metropolitan Life Insurance Communications has 470,688 shares for 0.12% of their portfolio. Segall Bryant & Hamill Limited Liability Company has 0.01% invested in CSX Corporation (NASDAQ:CSX). Roof Eidam And Maycock Adv has 18,000 shares for 0.34% of their portfolio. Brave Asset Mngmt has 13,559 shares for 0.31% of their portfolio. Godshalk Welsh Cap Inc holds 14,600 shares. Axa invested 0.13% of its portfolio in CSX Corporation (NASDAQ:CSX). Sumitomo Mitsui Holdings accumulated 2.67 million shares or 0.16% of the stock. Adirondack Tru owns 0.18% invested in CSX Corporation (NASDAQ:CSX) for 7,035 shares. Nippon Life Glob Invsts Americas Inc invested in 0.32% or 97,280 shares. Architects holds 2,600 shares. Old Fincl Bank In accumulated 0.19% or 90,653 shares.

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on October, 11. They expect $0.55 earnings per share, up 14.58 % or $0.07 from last year’s $0.48 per share. CSX’s profit will be $502.32M for 23.85 P/E if the $0.55 EPS becomes a reality. After $0.64 actual earnings per share reported by CSX Corporation for the previous quarter, Wall Street now forecasts -14.06 % negative EPS growth. The stock increased 0.77% or $0.4 on September 15, reaching $52.48. About 9.37M shares traded or 51.13% up from the average. CSX Corporation (NASDAQ:CSX) has risen 97.18% since September 17, 2016 and is uptrending. It has outperformed by 80.48% the S&P500.

CSX Corporation (NASDAQ:CSX) Ratings Coverage

Among 6 analysts covering CSX Corp (NASDAQ:CSX), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. CSX Corp had 11 analyst reports since January 4, 2016 according to SRatingsIntel. The stock of CSX Corporation (NASDAQ:CSX) earned “Buy” rating by Bank of America on Tuesday, February 23. The rating was maintained by Argus Research on Tuesday, January 19 with “Buy”. On Thursday, January 14 the stock rating was maintained by Cowen & Co with “Market Perform”. RBC Capital Markets maintained CSX Corporation (NASDAQ:CSX) on Thursday, January 14 with “Outperform” rating.

CSX Corporation is a transportation company. The company has market cap of $47.93 billion. The Firm provides rail 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. It has a 27.4 P/E ratio. The Firm categorizes its products into three primary lines of business: merchandise, intermodal and coal.

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Globenewswire.com which released: “CSX Corporation Cancels Appearance at Morgan Stanley’s 5th Annual Laguna …” on September 08, 2017, also Nasdaq.com with their article: “CSX Corporation (CSX) Ex-Dividend Date Scheduled for August 29, 2017” published on August 28, 2017, Seekingalpha.com published: “CSX Changes Key Service Measures And Provides STB Update” on September 05, 2017. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Seekingalpha.com and their article: “CSX: High Priced CEO Comes Up Short” published on August 21, 2017 as well as Seekingalpha.com‘s news article titled: “Switch From CSX Into Norfolk Southern” with publication date: August 21, 2017.

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