Company Update: CSX Corp (NYSE:CSX) – CSX Corporation Announces Dates For Earnings Release and Fourth-Quarter Earnings Call

[PR Newswire] – JACKSONVILLE, Fla., Dec. 16, 2015 /PRNewswire/ — CSX Corporation (CSX) will release fourth-quarter financial and operating results on Tuesday, January 12, 2016, after the market close. The company will host an earnings conference call from 8:30 a.m. to 9:30 a.m. Eastern Time on Wednesday, January 13, 2016 via teleconference and a live audio webcast. Presentation materials and access to the audio webcast will be available on the company’s website at Read more on this. CSX Corp. (CSX) , with a current market cap of $25.77B, started trading this morning at $26.42. Looking at the equity, the company’s one day range is $25.94 to $26.83 with the price of the stock fluctuating between $24.47 to $37.67 over the last 52 weeks. CSX (CSX) shares are currently priced at 13.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.90x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.72 per share annually in dividends, yielding 2.80%. In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $0.47 per share, which would be $0.02 worse than the year-ago quarter and a $0.04 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $1.99 would be a $0.07 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.90 Billion. If realized, that would be a 9.09% decrease over the year-ago quarter. In terms of ratings, Stifel upgraded CSX from Hold to Buy (Aug 27, 2015). Previously, RBC Capital Mkts upgraded CSX from Sector Perform to Outperform. Given all the information above, we should disclose to readers that the average price target is $31.31, which is 18.51% above than it opened this morning. See more in (NYSE:CSX) Similar Articles: Stock Update (NYSE:PXD): Pioneer Natural Resources Announces Fourth Quarter 2015 Earnings Press Release Date and Conference Call Company Update: CSX Corp (NYSE:CSX) – CSX Corporation Announces Record Third Quarter Financial Results Company Update: CSX Corp (NYSE:CSX) – CSX Corporation Announces All-Time Record Quarterly Financial Results
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