|Bid||69.00 x 100|
|Ask||69.64 x 300|
|Day's Range||68.58 - 69.90|
|52 Week Range||47.99 - 69.90|
|PE Ratio (TTM)||10.81|
|Earnings Date||Oct 15, 2018 - Oct 19, 2018|
|Forward Dividend & Yield||0.88 (1.35%)|
|1y Target Est||73.41|
Netflix The video-streaming giant signed up fewer subscribers than it had hoped in the June quarter. Net additions were 5.5 million, versus 6.1 million predicted. Skechers USA June-quarter earnings fell ...
Among the major US railroads, CSX (CSX) was the first to report its quarterly earnings and announced its second-quarter earnings on July 17 after the markets closed. The company impressed markets by surpassing Thomson Reuters-surveyed analysts’ adjusted EPS estimate of $0.87 by ~17.0%. The company delivered an adjusted EPS of $1.01 which was up by a whopping ~58.0% from last year’s second quarter’s EPS of $0.64.
In an earnings call that was notable for several questions that compared UP to other railroads in an unfavorable light, UP chairman, president and CEO Lance Fritz echoed some of what he said in the company's earnings release: "Overall, I am pleased with the effort put forth by the entire Union Pacific team. Agricultural and energy revenues were both up 5 percent compared to the second quarter of 2017, and total freight revenues were up 8 percent from a year ago. In particular, they focused on the company's operating ratio of 63 percent, which was just a 1.1 percentage point improvement from the second quarter of 2017.
CSX CEO Jim Foote discussed last quarter's strong metrics – and the railroad's critics – with the Business Journal.
LONDON, UK / ACCESSWIRE / July 19, 2018 / If you want access to our free earnings report on CSX Corp. (NASDAQ: CSX), 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 second quarter fiscal 2018 operating and financial results on July 17, 2018. The railroad Company outpaced sales and earnings expectations.
What companies say, matters, Jim Cramer told his Mad Money viewers Wednesday, and setting Chinese trade worries aside, business is pretty good in our country right now. This third point, Cramer said, matches what he's seeing and hearing from individual companies. All of this adds up to a very strong economy, Cramer concluded, possibly one strong enough that even China might not be able to derail it.
CEO James Foote told analysts in a conference call Wednesday the strong performance last quarter was significantly driven by a lower corporate tax rate and a 6 percent reduction in shares outstanding. CSX' effective tax rate fell to 23.5 percent from 38.1 percent.
Investors who believed that the railroad's impressive efficiency gains of the first quarter would plateau in the current quarter received a pleasant surprise.
The $75 area is our upside price target." With CSX gaping to the upside and much closer to our $75 price target a fresh look at the charts is in order. In this updated daily bar chart of CSX, below, we can see that prices are above the rising 50-day moving average line as well as the bullish 200-day line. The daily On-Balance-Volume (OBV) line has been trending higher from February and should make a new high for the move up today - signs that buyers of CSX have been more aggressive.
CSX Corporation (NASDAQ: CSX ) reported second-quarter results Tuesday that prompted Loop Capital Markets to turn bullish on the stock. The Analyst Loop analyst Rick Paterson upgraded CSX from Hold to ...
CSX Corporation's (NASDAQ: CSX) turnaround, which began in March 2017 with the appointment of the late Hunter Harrison as CEO, still has room for further improvements, CSX executives told investors during their second quarter earnings call on Tuesday afternoon. After taking the helm, Harrison quickly implemented his signature precision-scheduled railroading, which essentially converted CSX's network from a hub-and-spoke model to a leaner point-to-point system by closing many of the railroad's hump yards. When Harrison died a day after taking medical leave on December 16, Jim Foote was made acting chief executive officer and is the president and CEO today.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting CSX. Over the last one-month, outflows of investor capital in ETFs holding CSX totaled $2.46 billion.
Corp. reported a sharp increase in profit in the latest quarter as the railroad operator benefited from cost cuts and higher freight rates after a tumultuous 2017. Mr. Harrison had put in place a strategy to increase efficiency that included closing some freight yards and running trains on a tighter schedule.
CSX Corp on Tuesday posted quarterly profit that topped Wall Street's target, as the No. 3 U.S. railroad operator benefited from an ongoing cost-cutting drive and rising prices for carrying freight. CSX shares gained 3.2 percent to $66.50 in extended trading after the company also raised its 2018 revenue forecast, citing strength in its high-margin coal business and a healthy economic backdrop. Second-quarter net income jumped 72 percent to $877 million, or $1.01 per share, blowing past analysts' average forecast of 87 cents per share, according to Thomson Reuters I/B/E/S. Operating ratio, which measures operating expenses as a percentage of revenue and is a closely watched gauge of railroad performance, fell more than expected to 58.6 percent from 67.4 percent in the year-earlier quarter.
CSX Corp. delivered a 72 percent jump in its second-quarter profit as the railroad continues to cut its expenses and improve operations. The Jacksonville, Florida-based company said Tuesday that it earned $877 million, or $1.01 per share in the quarter.
The second-quarter operating ratio, an industry measure that compares expenses with sales, improved to an all-time best for a U.S. railroad. The results underscored Chief Executive Officer Jim Foote’s ability to build on operating gains forged by his predecessor, Hunter Harrison, who died in December. Earnings rose to $1.01 a share, topping analysts’ estimates by 14 cents.
MARKET PULSE CSX Corp. (csx) shares rose more than 3% in the extended session Tuesday after the company topped earnings and sales expectations. The company reported second-quarter net earnings of $877 million, or $1.