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CSX Corporation (CSX)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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32.81+0.14 (+0.43%)
At close: 4:00PM EDT
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  • m
    meanrevers
    Solid 2Q earnings but rising cost pressures in 2H on labor
    CSX reported 2Q21 adjusted EPS of $0.40, up 81% year-year, above our $0.36, and the
    Street’s $0.37 estimate. GAAP EPS included a $349 million ($0.12/sh) benefit from the
    sale of property to the Commonwealth of Virginia. Normalized results include an $18
    million ($0.01/sh) benefit related to state fuel taxes and $18 million in other real estate
    gains, a counter expense above our $5 million estimate ($0.01/sh). CEO Foote
    highlighted the growth was in all segments (carloads up 27% y-y, and 4% sequentially, in
    line with our forecast) and it has high demand for capacity from customers (yields were
    up 5%, above our 2% forecast). Despite its strong results, CSX acknowledged that
    congestion at yards, and issues with securing labor were weighing on service and
    limiting volume growth. It is working to counter this pressure through hiring initiatives
    and expects gradual improvement in network fluidity and service levels by year end. This
    mirrors issues at other Class 1 rails, possibly signaling rising cost pressures. The
    company reaffirmed its double-digit revenue growth outlook in 2021 (we were +11%,
    now 16%), but notably left out its expectation for operating leverage on volume growth,
    which it mentioned last quarter. We expect the acquisition of Quality Carriers to add 300
    bps to full-year revenue growth (+6% on a full-year basis), but to also drag on margins.
    Given a 100% OR from Quality’s revenues and rising costs, we look for approximately
    300 bps of sequential OR deterioration in 2H21, from the 55.1% OR posted in 2Q21.
  • C
    Clay
    CSX big beat! Let's hope to hear about adding to the stock buyback or a dividend increase. GLTA!
  • j
    jim
    Oh yeah bring on that earnings beat where oh where are the short sellers
  • M
    Mark Post
    CSX trades higher after Citi turns bullish on 2022 setup
    Jun. 29, 2021 7:02 AM ETCSX Corporation (CSX)By: Clark Schultz, SA Ne
    Citi upgrades CSX (NASDAQ:CSX) to a Buy rating from Neutral and calls its one of its favorite stocks in the rails sector along Norfolk Southern and Union Pacific.
    Analyst Christian Wetherbee sees multiple tailwinds for the rails sector into 2022 as supply chain constraints ease and notes high truckload pricing will translate into better rail pricing in 2022 as contracts reset on a lag.
    Citi points to established operating leverage and efficiencies for CSX and notes share buybacks could be supportive of EPS growth.
    The firm assigns a price target of $116 off higher 2022 EPS estimates.
    Shares of CSX are up 1.60% premarket to $32.28 vs. the 52-week trading range of $22.18 to $96.24.
  • R
    Richard T
    This stock has gone up over 20% a year for the last 60 years.
  • R
    Rex
    CSX…long and strong 💪
  • Y
    Yahoo Finance Insights
    CSX is up 4.91% to 33.12
  • R
    Raven
    Well I’m back in the game again. In at $31.98. Bought quite a few shares. Will monitor to see if I add. You never know. Wonder if the old haters are around from the last time I was here and held????
  • S
    Stockguru
    $28-$29 area I will add.
  • D
    Derek
    Ah, the split. The day traders got a dogballs easy push, and all you rubes got taken for a couple bucks.

    Tomorrow, the sun will rise, y'all will wake up, and everything about the market will be brand new and the "first time" for everything all over again.

    And the pros sincerely thank you for that.
  • D
    Derek
    A pair of shoes I love cost t $120....but I'm too poor to have nice things.
    So I convinced the guy to sell me just the left one for $60.
    Now I look pretty smart!!

    Oh..wait...
  • P
    Peter
    i just read that June 29th will be the day ot trades split adjusted
  • D
    Derek
    CSX was a $31-32 stock before earnings. What is it now?

    So hooray for Q2/21 earnings!
    A report on the past, that the market pretty much already knew.

    You know what moves stocks? New ideas to try in the future.
    The stuff CSX doesn't have.
  • D
    Derek
    Congrats to the ex-CFO!!
    Your creative, value-surfacing initiative of splitting CSX stock really lit a fire under it!

    CSX has now gone from being an uninteresting $99 share to 3 uninteresting $33 shares.
    All for the low cost to shareholders of several hundred thousand dollars.
    Just excellent work.
  • R
    Rex
    Buyer
    Bullish
  • D
    Derek
    Split the stock again!
    It did more for the stock price than this. Well, for several days, anyway.
    Long enough for some shrewd traders to make a quick buck from the rubes.
  • R
    Rex
    Buy and hold forever…not even Uncle Joe can stop this juggernaut!
    Bullish
  • F
    Frisco
    Will Quality Carriers Q2 Revenue be added to the CSX Q2 Revenue numbers?
  • B
    Brandon
    with the stock split what does that mean with my stock?
  • R
    Rex
    Beautiful stock!!!
    Bullish