News coverage about CSX (NASDAQ:CSX) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CSX earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 46.5086612177481 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Eight CSX cars derailed Sunday in Greenwood (dailyprogress.com)
- Change Healthcare finds CFO at CSX (nashvillepost.com)
- Why CSX’s Railcar Traffic Declined in Week 10 (finance.yahoo.com)
- CSX Names Angela C. Williams Vice President and Corporate Controller (finance.yahoo.com)
- Change Healthcare Appoints Fredrik J. Eliasson as Executive Vice President and Chief Financial Officer (prnewswire.com)
Several equities research analysts have recently issued reports on CSX shares. UBS set a $68.00 price objective on shares of CSX and gave the stock a “buy” rating in a research report on Sunday, December 3rd. BidaskClub raised shares of CSX from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Barclays reaffirmed a “buy” rating and set a $68.00 price objective on shares of CSX in a research report on Wednesday, December 13th. Scotiabank set a $55.00 price objective on shares of CSX and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, TD Securities cut shares of CSX from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $63.00 to $54.00 in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the stock. CSX has a consensus rating of “Buy” and a consensus target price of $60.87.
CSX (NASDAQ:CSX) last announced its quarterly earnings results on Tuesday, January 16th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. CSX had a net margin of 47.96% and a return on equity of 17.16%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the company earned $0.49 earnings per share. CSX’s quarterly revenue was down 5.7% compared to the same quarter last year. analysts anticipate that CSX will post 3.1 earnings per share for the current fiscal year.
CSX announced that its Board of Directors has authorized a share repurchase plan on Monday, February 12th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a $0.22 dividend. The ex-dividend date was Wednesday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.55%. CSX’s payout ratio is 14.50%.
CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.
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