CSX Corporation (NASDAQ:CSX) is reporting second quarter financial results on Wednesday 22nd July 2020, after market close.
According to analysts surveyed by Thomson Reuters, CSX is expected to report 2Q20 income of $ 0.64 per share from revenue of $ 2297.18 million.
For the full year, analysts anticipate top line of $ 10487.70 million, while looking forward to income of $ 3.44 per share bottom line.
Previous Quarter Performance
CSX Corporation communicated income for the first quarter of $ 1.00 per share, from the revenue of $ 2,855.00 million. The quarterly earnings declined 1.96 percent compared with the same quarter last year. Wall street analysts are predicting, CSX to report 1Q20 income of $ 0.94 per share from revenue of $ 2860.15 million. The bottom line results beat street analysts by $ 0.06 or 6.38 percent, at the same time, top line results fell short of analysts by $ 5.15 million or 0.18 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CSX was $ 72.43, representing a 54.73 % increase from the 52 week low of $ 46.81 and a 10.16 % decrease over the 52 week high of $ 80.62.
The company has a market capital of $ 55.44 billion and is part of the Industrials sector and Railroads industry.
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Recent Analyst recommendations
On 15th July 2020, maintained by Raymond James at Outperform rating, with $ 76.00 target price.
On 25th June 2020, maintained by Citigroup at Neutral rating, with $ 75.00 target price.
On 17th June 2020, maintained by Deutsche Bank at Buy rating, with $ 80.00 target price.
Recent Stock Dividend Announcement
On July 8, 2020, the board of directors authorized quarterly dividend of $ 0.26 per share to holders of record as of the close of business on August 31, 2020, with payment date of September 15, 2020 and ex-dividend date on August 28, 2020.
The board of directors has authorized quarterly dividend of $ 0.26 per share on May 7, 2020. The dividend were payable on June 15, 2020 to holders of record as of the close of business on May 29, 2020 and ex-dividend date on May 28, 2020.
Conference Call
CSX Corporation will be hosting a conference call at 4:30 PM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.csx.com
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
