CSX Corporation (NASDAQ: CSX) kicked off on August 04, 2022, at the price of $32.75, up 1.02% from the previous trading day. During the day, the shares moved up to $33.07 and dropped to $32.55 before settling in for the closing price of $32.50. Over the past 52 weeks, CSX has traded in a range of $27.59-$38.63.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 2.50%. While this was happening, its average annual earnings per share was recorded 39.70%. With a float of $2.14 billion, this company’s outstanding shares have now reached $2.16 billion.
The extent of productivity of a business whose workforce counts for 21700 workers is very important to gauge. In terms of profitability, gross margin is +42.24, operating margin of +41.20, and the pretax margin is +39.54.
CSX Corporation (CSX) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Railroads Industry. The insider ownership of CSX Corporation is 0.10%, while institutional ownership is 77.90%. The most recent insider transaction that took place on Jun 06, was worth 516,000. In this transaction Director of this company sold 16,000 shares at a rate of $32.25, taking the stock ownership to the 320,763 shares. Before that another transaction happened on Oct 22, when Company’s EVP & CLO sold 57,793 for $34.94, making the entire transaction worth $2,019,287. This insider now owns 174,861 shares in total.
CSX Corporation (CSX) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/29/2022, the organization reported $0.5 earnings per share (EPS), higher than consensus estimate (set at $0.47) by $0.03. This company achieved a net margin of +30.19 while generating a return on equity of 28.44. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.49 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 39.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.72% during the next five years compared to 22.70% growth over the previous five years of trading.
CSX Corporation (NASDAQ: CSX) Trading Performance Indicators
Take a look at CSX Corporation’s (CSX) current performance indicators. Last quarter, stock had a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.96. Likewise, its price to free cash flow for the trailing twelve months is 27.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.79, a number that is poised to hit 0.50 in the next quarter and is forecasted to reach 1.97 in one year’s time.
Technical Analysis of CSX Corporation (CSX)
The latest stats from [CSX Corporation, CSX] show that its last 5-days average volume of 11.22 million was inferior to 16.21 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 86.21%. Additionally, its Average True Range was 0.67.
During the past 100 days, CSX Corporation’s (CSX) raw stochastic average was set at 49.50%, which indicates a significant decrease from 94.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.70% in the past 14 days, which was lower than the 28.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $30.34, while its 200-day Moving Average is $34.04. Now, the first resistance to watch is $33.08. This is followed by the second major resistance level at $33.34. The third major resistance level sits at $33.60. If the price goes on to break the first support level at $32.56, it is likely to go to the next support level at $32.30. Assuming the price breaks the second support level, the third support level stands at $32.04.
CSX Corporation (NASDAQ: CSX) Key Stats
The company with the Market Capitalisation of 69.21 billion has total of 2,141,241K Shares Outstanding. Its annual sales at the moment are 12,522 M in contrast with the sum of 3,781 M annual income. Company’s last quarter sales were recorded 3,815 M and last quarter income was 1,178 M.