|Bid||72.55 x 900|
|Ask||73.15 x 800|
|Day's Range||70.76 - 72.44|
|52 Week Range||48.26 - 76.24|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||10.40|
|Earnings Date||Oct 15, 2018 - Oct 19, 2018|
|Forward Dividend & Yield||0.88 (1.25%)|
|1y Target Est||79.11|
Railroad operator CSX reported a net income of $894 million, or $1.05 a share, in the third quarter, compared to $459 million, or $0.51 a share, in the same period a year ago. Revenue increased 14% to ...
Wall Street was watching for signs that looming threats, such as tariff-driven trade disruptions and rising fuel costs, are hitting the sector's profitability. Interruptions from Hurricane Florence, which included the loss of five miles of track due to flooding and revenue losses due to transit disruptions, reduced earnings by 2 cents per share during the latest quarter.
CSX (CSX) delivered earnings and revenue surprises of 11.70% and 2.95%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
CSX Corp. hauled in nearly double the profits it reported in last year's third quarter when the railroad was struggling with service problems as it implemented its new operating model. The Jacksonville, Florida-based company said Tuesday it earned $894 million, or $1.05 per share, in the quarter. CSX CEO Jim Foote says the results show the railroad is continuing to become more efficient.
CSX Corporation (CSX) today announced third quarter 2018 net earnings of $894 million, or $1.05 per share, versus $459 million, or $0.51 per share in the same period last year (a 106 percent increase). “This quarter highlights the progress towards our transformation as we aim to deliver industry leading service to our customers,” said James M. Foote, president and chief executive officer.
NEW YORK, NY / ACCESSWIRE / October 16, 2018 / CSX Corporation (NASDAQ: CSX ) will be discussing their earnings results in their 2018 ThirdQuarter Earnings to be held on October16, 2018 at 4:30 PM Eastern ...
In Week 40, Eastern US major railroad company CSX (CSX) saw 6.6% YoY (year-over-year) carload traffic growth. The company hauled ~73,000 railcars sans intermodal units in the week compared to 68,400 units in the corresponding week of 2017.
James M. Foote, President and Chief Executive Officer, said, “All of us at CSX recognize the severity of the devastation caused by Hurricane Michael to our neighbors in the Florida panhandle and across the southeast. CSX is also matching employee contributions made to the American Red Cross for disaster relief efforts dollar-for-dollar.
In Week 40, Eastern US rail giant Norfolk Southern (NSC) recorded a 3.5% YoY (year-over-year) fall in carload traffic. The company hauled ~67,900 railcars sans intermodal units in the week compared to ~70,400 in the corresponding week last year.
On October 10, the AAR (Association of American Railroads) released the weekly traffic data for Week 40, which ended on October 6. The rail data are divided into carload traffic and intermodal units. Intermodal units are expressed in containers and truck trailers. There are 12 major North American railroad companies that submit weekly data to the AAR.
This week, Class 1 railroads will begin reporting their third quarter earnings, beginning with CSX Corporation's (NASDAQ: CSX) call on Tuesday, October 16, after markets close. Ahead of those calls, Susquehanna Financial Group's transport equities analyst Bascome Majors published an optimistic Q3 preview note anticipating beats across the industry. A wave of cost-cutting has swept across the railroad sector, inspired by Hunter Harrison's spectacular results at Canadian National Railway (NYSE: CNI), Canadian Pacific Railway Limited (NYSE: CP), and CSX.
One of the most overlooked $54 billion companies in the market is medical devices maker Boston Scientific, which is enjoying a great year. Most of the airline sector is boasting attractive valuations right now, and UAL stands out as it has shown great relative strength versus its peers this year.
Duckworth Construction Company has been awarded a permit for work on the 14th floor of the building, located at 500 Water St.
CSX's third-quarter 2018 results are likely to be aided by higher revenues from the coal, intermodal and merchandise segments, and reduced costs from the Precision Scheduled Railroading model.
Canadian Pacific Railway (CP) registered 6% YoY (year-over-year) carload traffic growth in week 39. CP moved ~37,100 railcars excluding intermodal traffic in the week compared to ~35,000 units in the same week last year. The railroad’s YoY rail traffic volume gain of 2.8% was in third place during the week. Union Pacific (UNP) remained in first place with 4.9% gains. CSX (CSX) with a 4% gain ranked second. Kansas City Southern (KSU) ranked fourth in terms of week 39’s total volume gains.
In week 39, Canadian National Railway (CNI) recorded a 1.4% YoY (year-over-year) carload traffic gain. The railroad moved ~67,300 railcars excluding intermodal traffic from ~66,400 units in the comparable period of 2017.
A long-simmering dispute between CSX Corporation (NYSE: CSX) and its rival Norfolk Southern Corporation (NYSE: NSC) has landed in court, with CSX claiming that Norfolk Southern's control of a small railroad within the port of Hampton Roads is all but blocking CSX from launching any intermodal service from there. According to the case filed last week kin U.S. District Court for the Eastern District of Virginia, the focus of the suit is the Norfolk & Portsmouth Belt Line Railroad (NPBL). It is jointly owned by CSX and Norfolk Southern and was described in the suit as a "terminal switching railroad." According to the lawsuit, it was created in 1896 to be shared by many railroads, and ownership was distributed among many railroads, with none having a controlling interest.
Industrials are feeling the pinch of the volatile market. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, Scott Gamm and Seema Shah of Principal Global Investors discuss.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Seana Smith to discuss the latest market moves.