|Day's Range||169.44 - 170.76|
|52 Week Range||136.79 - 175.75|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
Shares of railroad company CSX Corporation (NASDAQ:CSX) fell more than 5% on Wednesday following the company’s latest earnings report. For the latest quarter, CSX Corporation beat top-line revenue estimates. The company also increased its stock buyback program by an additional $500 million to $1.50 billion, always a welcome sign for stock holders and something that at the margin should put a bid under the stock on dips.
As impressive as the sector is, CSX Corporation (NASDAQ:CSX) is even more so. A bulk of the move came on the heels of its January earnings report when CSX stock surged 30% and never looked back. Fundamentally, CSX stock is not cheap.
In the 27th week of 2017, Kansas City Sothern’s total freight railcar volumes (excluding intermodal) grew ~2.5% YoY. KSU moved ~24,000 railcars that week.