CSX Corporation (CSX) reported quarterly earnings results on Tuesday, Apr-12-2016. The company reported $0.37 EPS for the quarter. Analysts had a consensus estimate of $0.37. The company posted revenue of $2618.00 million in the period, compared to analysts expectations of $2680.81 million. The company’s revenue was down -13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on CSX Corporation. CSX Corporation was Downgraded by Morgan Stanley to ” Underweight” on Feb 23, 2016. CSX Corporation was Upgraded by BofA/Merrill to ” Buy” on Feb 22, 2016. CSX Corporation was Downgraded by Avondale to ” Mkt Underperform” on Feb 12, 2016.
CSX Corporation closed down -0.27 points or -1.09% at $24.53 with 1,19,23,137 shares getting traded on Monday. Post opening the session at $24.73, the shares hit an intraday low of $24.36 and an intraday high of $24.97 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Sep 3, 2015, David M Ratcliffe (director) purchased 1,868 shares at $26.84 per share price. According to the SEC, on May 8, 2015, Fredrik J Eliasson (EVP & Chief Financial Officer) sold 30,000 shares at $35.48 per share price. On Apr 20, 2015, Gilbert H Lamphere (director) sold 165,556 shares at $32.38 per share price, according to the Form-4 filing with the securities and exchange commission.
CSX Corporation (CSX) together with its subsidiaries is a transportation company. The Company provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. The Company has three lines of business: merchandise business coal business and the intermodal business. The Company’s merchandise business transports aggregates (which include crushed stone sand and gravel) metal phosphate fertilizer food consumer (manufactured goods and appliances) agricultural automotive paper and chemical products. Its coal business transports domestic coal coke and iron ore to electricity-generating power plants steel manufacturers and industrial plants as well as export coal to deep-water port facilities. Through a network of around 50 terminals the intermodal business serves markets east of the Mississippi and transports manufactured consumer goods in containers providing truck-like services for longer shipments.