Free Post Earnings Research Report: CSX’s EPS Soared 100%
Stock Monitor: Canadian Pacific Railway Post Earnings Reporting
LONDON, UK / ACCESSWIRE / May 01, 2018 / Active-Investors.com has just released a free earnings report on CSX Corp. (NASDAQ: CSX). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CSX. The Company reported its financial results on April 17, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The American Company exceeded revenue and earnings estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is currently working on the research report for Canadian Pacific Railway Limited (NYSE: CP), which also belongs to the Services sector as the Company CSX Corp. Do not miss out and become a member today for free to access this upcoming report at:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, CSX most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
CSX's revenues remained relatively flat at $2.88 billion in Q1 FY18 compared to $2.87 billion in Q1 FY17, but even so beat analysts' estimates of $2.80 billion.
CSX incurred operating expenses of $1.83 billion in Q1 FY18 compared to $2.10 billion in Q1 FY17. This marked a decline of 13% on a y-o-y basis, primarily driven by efficiency and volume savings of labor, materials, and supplies.
CSX's operating income increased 36% to $1.04 billion in Q1 FY18 compared to $769 million in same period of last year. The Company's operating income advanced 19% to $1.04 billion in Q1 FY18 compared to $879 million in Q1 FY17. CSX's operating ratio improved to 63.7% in Q1 FY18 versus 73.2% in Q1 FY17.
CSX reported earnings before income taxes of $912 million in Q1 FY18 compared to $582 million in Q1 FY17.
CSX posted a record net income of $695 million in Q1 FY18 versus $362 million in the year ago comparable period. The Company's earnings per share (EPS) increased 100% to $0.78 in Q1 FY18 versus $0.39 in Q1 FY17, beating Wall Street's estimates of $0.66.
Operating Metrics
For Q1 FY18, CSX's volume transit decreased to 1,532 thousand of units (KUts) compared to 1,592 KUts in the corresponding period of last year. CSX's total volume included transits from coal at 201 KUts, intermodal at 689 KUts, and total merchandise as 642 KUts in Q1 FY18 compared to 205 KUts, 688 KUts, and 699 KUts, respectively, in Q1 FY17.
CSX's total revenues of $2.88 billion in Q1 FY18 included revenues from coal of $503 million, intermodal revenues of $449 million, and total merchandise revenues of $1.78 billion versus $522 million, $434 million, and $1.83 billion, respectively, in the year ago same period.
Cash Matters
CSX's cash and cash equivalents stood at $1.98 billion as on March 31, 2018, compared to $930 million as on March 31, 2017. The Company had a long-term debt balance of $13.77 billion as on March 31, 2018, versus $10.96 billion as on March 31, 2017.
CSX's net cash from operating activities was $966 million in Q1 FY18, 7% lower than $1.04 billion in the comparable period of last year. For Q1 FY18, the Company repurchased shares totaling $836 million.
CSX's share repurchase program targets at bringing the total authorized to $5 billion. The Company expects to complete the purchase of the remaining $4 billion by the end of the first quarter of the fiscal year 2019.
Stock Performance Snapshot
April 30, 2018 - At Monday's closing bell, CSX's stock declined 1.48%, ending the trading session at $59.39.
Volume traded for the day: 5.22 million shares.
Stock performance in the last month – up 6.61%; previous three-month period – up 3.77%; past twelve-month period – up 16.82%; and year-to-date – up 7.96%
After yesterday's close, CSX's market cap was at $52.44 billion.
Price to Earnings (P/E) ratio was at 23.33.
The stock has a dividend yield of 1.48%.
The stock is part of the Services sector, categorized under the Railroads industry.
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