Important Analyst Earnings Estimates about stock: CSX Corporation's (CSX)

Mobile Fire Rescue units respond to a rail tanker spill

Of the 2017 investment, more than half will be used to sustain core infrastructure with the balance allocated to projects supporting profitable growth, efficiency initiatives and service improvements. Norges Bank bought a new position in CSX during the fourth quarter worth $306,397,000. During the same period previous year, the firm earned $0.48 earnings per share.

CSX Corp. (CSX) has a mean recommendation of 1.62, according to data compiled by Zacks Investment Research. Barclays PLC increased their price objective on shares of CSX from $41.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, January 30th. CSX has a consensus rating of "Buy" and an average target price of $54.88. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and fifteen have assigned a buy rating to the stock. The stock now has a consensus rating of "Buy" and a consensus target price of $54.97.

Displaying a price of $46.93, CSX (NASDAQ:CSX) traded 0.00% even on the day. The fund owned 36,256 shares of the company's stock after selling 157 shares during the period. The 52-Week High shows -6.72% with a 52-Week Low of 95.80%.

The stock's price switched up 0.18% 20-Days Simple Moving Average, dropped -1.19% from 50-Days Simple Moving Average and rose 29.95% from 200 Days Simple Moving Average. CSX also saw unusually large options trading on Tuesday. Investors purchased 9,302 put options on the stock.

Based on these results, Nomura-Instinet analyst Mark Kalinowski raised his same-store sales estimate for the company by 270 basis points, saying he expects the metric to be up 0.8 percent for the quarter.

Revenue for the quarter climbed 10 percent to $2.87 billion compared with $2.6 billion in second-quarter 2016. Net profit margin of the company was recorded at 15.5 percent, operating profit margin was 29.6 percent, whereas gross profit margin stands at 74.9 percent.

CSX +2.5% AH after comfortably beating Q1 earnings expectations on a 9.5% Y/Y increase in revenues to $2.87B, fueled in part by a 3% rise in coal shipments.

After nearly two years in which the Jacksonville, Florida-based railroad experienced precipitous declines in coal freight volumes, CSX experienced a three-per-cent increase in coal during the first quarter. The Board also authorized a new $1 billion share repurchase program, which management expects to complete by the end of the first quarter of 2018.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th.

CSX investors celebrated the news, and the stock climbed almost 3% after-market trading on Wednesday afternoon following the announcement.

The stock now has its Annual Dividend of $0.72 and an annual Dividend Yield of 1.54 Percent. Meridian Management Communication holds 0.38% in CSX Corporation (NASDAQ:CSX) or 18,000 shares. Fragasso Gru Inc has invested 0.13% in CSX Corporation (NASDAQ:CSX).

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Now the shares of CSX Corp.

Mr. Harrison, who joined CSX last month, has already started to leave his mark on the company by doing away with hump yards, longtime fixtures of rail operators where long trains are broken down into individual cars.

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