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JACKSONVILLE - CSX Corp. (NASDAQ:CSX) announced that Executive Vice President and Chief Financial Officer Kevin Boone will speak at the 2025 Baird Global Industrial Conference in Chicago on Tuesday, November 11, at 10:05 a.m. Eastern time. The rail transportation company, currently trading near its 52-week high at $35.83, has seen a strong 25.86% price return over the past six months.
The transportation company said in a press release that Boone’s address will be broadcast live via webcast on the company’s investor relations website, with a replay available following the event. Investors following CSX might be particularly interested in management’s perspective, as InvestingPro data shows 15 analysts have recently revised their earnings expectations downward for the upcoming period.
CSX, headquartered in Jacksonville, Florida, provides rail, intermodal and rail-to-truck transload services across various markets including energy, industrial, construction, agricultural and consumer products. The company trades at a P/E ratio of 23.25 and is currently valued at market consensus, according to InvestingPro Fair Value estimates.
The company’s network connects major metropolitan areas throughout the eastern United States, where approximately two-thirds of the nation’s population resides. CSX also links more than 240 short-line railroads and over 70 ocean, river and lake ports with population centers and farming communities. Despite some short-term liquidity concerns, CSX maintains a solid dividend program with a current yield of 1.45% and has raised its dividend for 21 consecutive years.
The company has operated for nearly 200 years, playing a role in the nation’s economic and industrial development. With a market capitalization of $66.72 billion and a track record of profitability, CSX continues to deliver high returns for long-term investors. For deeper financial insights and additional ProTips on CSX, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, CSX Corporation reported strong third-quarter earnings, with an adjusted earnings per share of $0.44, surpassing both Benchmark’s and consensus forecasts. The company’s performance led UBS to raise its price target to $45 from $44, maintaining a Buy rating. Additionally, CSX completed a $300 million public offering of 5.050% notes due 2035, adding to an existing series of notes.
The company also announced key executive leadership changes, appointing Kevin Boone as executive vice president and chief financial officer. Boone previously held the position during the COVID-19 pandemic. Meanwhile, CSX’s CEO, Joe Hinrichs, was ousted following concerns over his handling of a potential merger with Union Pacific and issues surrounding his compensation.
These developments reflect CSX’s ongoing strategic adjustments and financial maneuvers aimed at sustaining growth.
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