68.70 +0.05 (0.07%)
After hours: 5:25PM EDT
|Bid||68.26 x 4000|
|Ask||68.70 x 800|
|Day's Range||68.47 - 70.54|
|52 Week Range||48.26 - 76.24|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||9.89|
|Earnings Date||Jan 14, 2019 - Jan 18, 2019|
|Forward Dividend & Yield||0.88 (1.25%)|
|1y Target Est||80.65|
CSX Corp. CSX has been weakened this month and more declines could lie ahead. Not all train tickets are round-trips so traders will need to protect profits. In this daily bar chart of CSX, below, we can see a number of bearish clues.
In this part, we’ll discuss J.B. Hunt Transport Services’ (JBHT) operating profit and operating margin in the third quarter. The company’s operating profit grew 6.1% YoY (year-over-year) to $174.6 million in the third quarter from $164.9 million in the third quarter of 2017.
All things considered, it could have been worse. The S&P 500 could have closed at Wednesday’s low of 2,781.81, logging a 1% loss for the session, quelling any hopes for a rebound built on Monday’s big bounce. But the market snapped back at mid-day, closing the gap to a loss of only 0.03% yesterday.
For Jacksonville, Florida-based train giant CSX, Hurricane Florence means lawsuits and rail repairs.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting CSX. CSX credit default swap spreads are within the middle of their range for the last three years.
J.B. Hunt Transport Services’ (JBHT) ICS (Integrated Capacity Solutions) segment’s revenues were $346.0 million in the third quarter—up 28.6% YoY (year-over-year) from $269.0 million. For J.B. Hunt, this non-asset-based segment is the third-largest total revenue source.
Good news is bad because it gives the Federal Reserve another reason to pump the brakes on the economy with more rate hikes. Fortunately, as earnings season kicks into high gear, we'll get plenty of data to determine whether the Fed's plan for four more rate hikes is right or wrong.
It's positive because it cuts in favor of the Fed doing nothing and letting the economy grow a little more so that workers can start getting some raises and do better than the bosses for a change. The ostensible reason is that the economy's at full employment and if you let it get any stronger then we might ignite hard-to-stop wage inflation. Let's give the Fed its due.
The stock market was mixed with the Dow dropping about 150 points early Wednesday. Netflix jumped after strong subscriber growth.
Dow Jones futures fell early Wednesday, but Nasdaq futures jumped. Netflix stock soared late on subscriber growth, and FANG stocks Facebook, Amazon and Alphabet also rose.
CSX Corporation (Nasdaq: CSX) reported third quarter earnings above Wall Street consensus estimates thanks to its ongoing implementation of precision scheduled railroading and a strong market for U.S. export coal. The third quarter marks the second consecutive that saw CSX's operating ratio fall below 60 percent, with those results coming in two years ahead of the schedule set by chief executive James Foote. "I am very excited by the strong performance of the railroad," Foote said on the earning conference call.
The Ocean Network Express business formed from the country’s big three carriers expects to lose $600 million in its first year of operations, the WSJ’s Costas Paris reports, the biggest in a series of financial setbacks by carriers this year. Fuel prices are soaring, and an early surge in peak-season shipping driven by trade tensions came just as ONE was trying to get its bearings. Inc. raised truck driver pay at a double-digit pace in the third quarter, the WSJ Logistics Report’s Jennifer Smith writes, signaling that freight operators are paying up to meet strong shipping demand.
Canadian National Railway (CNI) reported 2.5% YoY (year-over-year) carload traffic growth in Week 40. The railroad company hauled ~66,000 railcars excluding intermodal traffic from ~64,400 units in the same week of 2017.
CSX's third quarter continued the year's strong progress with higher earnings, better performance metrics and higher volumes than the same quarter a year ago. The railroad's operating ratio came in at a third quarter record 58.7. Foote was not the only one pleasantly surprised by the progress CSX Corp. (Nasdaq: CSX) made in the third quarter.
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.
$1.05 per share, which is stronger than the 94 cents per share that analysts were calling for, according to data compiled by Zacks Investment Research. CSX stock also moved upwards as the company’s revenue surged up to $3.13 billion, marking a 14% increase compared to its year-ago quarter. Analysts were calling for the company to reel in sales of $3.039 billion for the period, according to data compiled by Zacks Investment Research.