Market Update (NYSE:CSX): CSX Corporation Chief Financial Officer to Address Citi 2016 Industrials Conference

[GlobeNewswire] – JACKSONVILLE, Fla., June 08, 2016– Frank Lonegro, CSX Corporation executive vice president and chief financial officer, will address the Citi 2016 Industrials conference in Boston on Wednesday, June 15, … Read more on this. CSX Corp. (CSX) , valued at $25.81B, started trading this morning at $26.46. During the trading session, CSX traded between $26.37 to $27.26 with the price of the stock fluctuating between $21.33 to $35.67 over the last 52 weeks. CSX shares are currently priced at 15.04x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.56x earnings multiple. And for passive income investors, the company pays shareholders $0.72 per share annually in dividends, yielding 2.72%. Consensus earnings for the current quarter by the 25 sell-side analysts covering the stock is an estimate of $0.46 per share, which would be $0.10 worse than the year-ago quarter and a $0.04 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $1.76 would be a $0.24 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.73 Billion. If reported, that would be a 10.78% decrease over the year-ago quarter. In terms of ratings, Credit Agricole Initiated CSX at Underperform (May 19, 2016). Previously, Morgan Stanley downgraded CSX from Overweight to Underweight. The average price target for CSX shares is $27.74, which is 4.84% above where the stock opened this morning. See more in (NYSE:CSX) Similar Articles: Company Update: Union Pacific Corporation (NYSE:UNP) – Union Pacific Corporation CFO Rob Knight to Address 2016 Citi Industrials Conference Company Update: State Street Corporation (NYSE:STT) – State Street’s Chief Executive Officer Jay Hooley and Chief Financial Officer Mike Bell to Present at the 2016 Deutsche Bank Global Financial Services Investor Conference Company Update: CSX Corp (NYSE:CSX) – CSX Chief Financial Officer Discusses Near- and Long-Term Expectations and Strategy
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