CSX Corp. (NASDAQ: CSX) Is Under Pressure Due To Weak Fundamental Momentum.


In the last trading session, 8.99 million CSX Corp. (NASDAQ:CSX) shares changed hands as the company’s beta touched 1.20. With the company’s per share price at $33.68 changed hands at -$0.17 or -0.50% during last session, the market valuation stood at $65.84B. CSX’s last price was a discount, traded about -19.12% off its 52-week high of $40.12. The share price had its 52-week low at $29.03, which suggests the last value was 13.81% up since then. When we look at CSX Corp.’s average trading volume, we note the 3-month average coming to 12.35 million.

CSX Corp. (NASDAQ:CSX) trade information

Instantly CSX was in red as seen at the end of in last trading. With action -0.80%, the performance over the past five days has been red. The drop to weekly highs of 33.98 subtracted -0.50% to the stock’s daily price. The company’s shares are showing year-to-date downside of -2.86%, with the 5-day performance at -0.80% in the red. However, in the 30-day time frame, CSX Corp. (NASDAQ:CSX) is -7.22% down.

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CSX Corp. (CSX) estimates and forecasts

Data shows that the CSX Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 10.83% over the past 6 months, a 5.41% in annual growth rate that is considerably higher than the industry average of 2.60%. Year-over-year growth is forecast to reach 2.30% up from the last financial year.

Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 3.71B. 16 analysts are of the opinion that CSX Corp.’s revenue for the current quarter will be 3.76B. The estimates for the next quarter sales put growth at 5.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.59%. The 2024 estimates are for CSX Corp. earnings to increase by 5.11%, but the outlook for the next 5-year period is at 9.23% per year.

CSX Dividends

CSX Corp. is expected to release its next quarterly earnings report in June. The 1.34% annual yield figure for the share gives it an annual dividend of 0.45. It is important to note, however, that the 1.34% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.