60.04 0.00 (0.00%)
After hours: 4:45PM EDT
|Bid||60.03 x 100|
|Ask||60.20 x 100|
|Day's Range||59.96 - 61.50|
|52 Week Range||47.99 - 61.50|
|PE Ratio (TTM)||10.02|
|Earnings Date||Jul 16, 2018 - Jul 20, 2018|
|Forward Dividend & Yield||0.88 (1.58%)|
|1y Target Est||63.43|
In the previous part of this series, we looked at CSX’s coal revenue in 1Q18. In this part, we’ll look at its Intermodal segment’s revenue. In 1Q18, the segment’s revenue rose 3% to $449 million from $434 million in the first quarter of 2017.
CSX’s (CSX) revenue in the first quarter of 2018 was flat compared to 1Q17. It rose only 0.2% to $2.8 billion. Carloads declined 4% to 1.5 million units from 1.6 million units a year ago. In spite of a volume fall, revenue rose marginally, which was most likely from pricing gains. Revenue per unit rose 4% to $1,877 from $1,802.
Railroad companies’ quarterly earnings typically start with CSX (CSX). On April 17, 2018, this Eastern US major railroad released its 1Q18 earnings. It reported adjusted EPS (earnings per share) of $0.78, beating Thomson Reuters–surveyed analysts’ estimate of $0.66, or 18.2%.
CSX still isn’t saying much on the fate of a planned intermodal terminal in Rocky Mount.
Let's look at a positive leap in operating efficiency in the first quarter and two other significant points shareholders shouldn't miss.
CSX (CSX), which is a leading supplier of rail-based freight transportation in North America, was one of the S&P 500’s top gainers on April 18. After regaining strength last week, CSX started this week on a stronger note and gained in the first three trading days. On April 18, CSX opened the day higher and rallied to fresh record high price levels.
The S&P 500’s top gainers on April 18, 2018, were: Intuitive Surgical (ISRG) gained 8.2%. CSX (CSX) gained 7.9%. Devon Energy (DVN) gained 7.2%. Textron (TXT) gained 6.8%. Newfield Exploration (NFX) gained 5.9%. Intuitive Surgical
The S&P 500 eked out a small gain while the Dow declined after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes. Higher oil prices boosted energy stocks while transport stocks such as CSX Corp helped the industrial sector.
Analysts are buzzing after CSX Corp. (NASDAQ: CSX) announced record first quarter earnings Tuesday fueled by cost cutting, tax savings and pricing increases.
The short-term reactions in stocks to earnings reports are arbitrary. Last night, CSX Corporation (NASDAQ:CSX) told a great story and today investors are rewarding the stock. The relatively new CEO Jim Foote promised a leaner, meaner machine and he delivered.
The Zacks Analyst Blog Highlights: IBM, United Continental, Lam Research, CSX and Intuitive Surgical
The upbeat results come as the company continues to carry forward the turnround plan implemented by veteran rail executive Hunter Harrison, who died just months after joining the company. Harrison was brought on to CSX in March last year to improve operating performance by implementing his trademark “precision scheduled railroading” approach, but he went on medical leave before passing away in December.
CSX has been cutting jobs and the number of locomotives and rail cars it operates to boost profitability, as part of an overhaul launched by Hunter Harrison, the industry veteran who took over as CEO last year but passed away eight months after. "We are drastically changing the way we operate the railroad by taking millions of unnecessary steps out of the business process that we use to run the railroad," CSX Chief Executive Jim Foote, who has promised to take Harrison's turnaround effort forward, said on a call with analysts. "When there was a change in upper management, people kind of compensated and said 'well we are not going to get what Hunter Harrison was going to give us'," said Edward Jones analyst Dan Sherman.
The Jacksonville, Florida-based company on Tuesday posted net income of $695 million, or 78 cents per share. CSX Corp. is continuing the overhaul of its operations that began last year before CEO Hunter Harrison's death in December. CSX said it generated $2.88 billion revenue in the first quarter even though the railroad hauled 4 percent fewer carloads of goods.
The Jacksonville, Fla.-based railroad company reported first-quarter earnings of 78 cents per share on revenue of $2.88 billion.
It was a strong quarterly earnings report for CSX Corporation (NASDAQ:CSX) as the company unveiled its results after the bell Tuesday and topped analysts’ expectations. The company announced that its first-quarter earnings for fiscal 2018 came in at 78 cents per share on an adjusted basis, topping analysts’ consensus estimate of earnings rising 29.4% to 66 cents per share, according to data compiled by Zacks Investment Research.
Shares of CSX Corp. rose more than 4% late Tuesday after the railroad company reported first-quarter earnings and sales above Wall Street expectations. CSX said it earned $695 million, or 78 cents a share, ...
JACKSONVILLE, Fla., April 17, 2018-- CSX Corporation today announced record first quarter 2018 net earnings of $695 million, or $0.78 per share, versus $362 million, or $0.39 per share in the same period ...
The Jacksonville, Fla.-based rail transportation company is expected to report earnings of 65 cents per share on revenue of $2.79 billion, according to analysts surveyed by FactSet.