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

[GlobeNewswire] – JACKSONVILLE, Fla., June 16, 2016– CSX Corporation will release second-quarter financial and operating results on Wednesday, July 13, 2016, after the market close.. The company will host an earnings conference … Read more on this. CSX Corp. (CSX) , with a current value of $25.09B, opened at $26.16. Looking at today’s trading action, the company’s one day range from $25.85 to $26.39 and has traded between $21.33 and $35.67 over the past year. CSX shares are currently priced at 14.99x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.79x forward p/e ratio. And for income investors, the company pays shareholders $0.72 per share annually in dividends, yielding 2.69%. According to a consensus of 26 analysts, the earnings estimate of $0.46 per share would be $0.10 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $1.76, which would be a $0.24 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.72 Billion. If realized, that would be a 11.11% decrease over the year-ago quarter. More recently, Credit Agricole Initiated CSX at Underperform (May 19, 2016). Previously, Morgan Stanley downgraded CSX from Overweight to Underweight. Given all the information above, we should disclose to readers that the average price target is $27.74, which is 6.04% above than it opened this morning. See more in (NYSE:CSX) Similar Articles: Stock Update (NYSE:CSX): CSX Corporation Announces Dates For Earnings Release and First-Quarter Earnings Call Company Update: PG&E Corporation (NYSE:PCG) – PG&E Corporation Schedules Fourth Quarter 2015 Earnings Release and Conference Call Company Update: Dover Corporation (NYSE:DOV) – Dover Announces Fourth Quarter 2015 Earnings Release Date, Conference Call and Webcast
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