108.85 0.00 (0.00%)
After hours: 4:40PM EDT
|Bid||104.00 x 800|
|Ask||110.98 x 1000|
|Day's Range||108.33 - 109.63|
|52 Week Range||99.47 - 114.91|
|PE Ratio (TTM)||11.82|
|Earnings Date||Jul 20, 2018|
|Forward Dividend & Yield||1.44 (1.30%)|
|1y Target Est||122.44|
The potential trade war heats up. Will it derail the markets? With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Karen Finerman, Brian Kelly and Guy Adami.
In Week 23, Eastern US rail giant CSX’s (CSX) freight traffic rose slightly, by ~1% YoY (year-over-year). This year, the railroad is slowly getting back on track after weakness in 2017. In Week 23, CSX’s carload volumes grew YoY to ~69,400 units from ~68,700, less than competitor Norfolk Southern’s (NSC), which rose 2% YoY, and US railroads’ (XLI), which rose 2.8% YoY.
Kansas City Southern (KSU) is the smallest Class I railroad company in the United States. In Week 22, it reported a slight 0.84% contraction in its carload traffic. This year, the US-Mexico railroad company’s carload volume growth has had a bumpy ride. In Week 22, KSU’s carload volumes fell YoY to just over 24,200 carloads from ~24,400 carloads. In contrast, US railroad companies’ (XTN) carload volumes gained 0.2% YoY in the week.
Moody's Investors Service ("Moody's") upgraded the senior unsecured rating of Kansas City Southern and its subsidiary The Kansas City Southern Railway Company to Baa2, from Baa3. Moody's also upgraded the short-term rating of Kansas City Southern to Prime-2, from Prime-3. The upgrade of the senior unsecured rating reflects Moody's expectation that a continuing improvement in free cash flows, along with consistently moderate financial leverage, is expected to mitigate a negative impact on Kansas City Southern of potential changes in the U.S. trade relations with Mexico.
Kansas City Southern Executive Vice President and Chief Financial Officer, Michael W. Upchurch, will address the UBS 2018 Global Industrials and Transportation Conference at 10:15 a.m.
The Dow Jones Transportation Average reversed at four-month resistance on Tuesday after the Trump administration reversed gears and took the next step in imposing tariffs on Chinese goods. The sell-off reflects growing anxiety about supply chain disruptions that could end the multi-year bull market while signaling a belated response to the breakdown of NAFTA talks and the threat to impose 25% tariffs on imported automobiles. Railroads and truckers look like top short sale candidates if NAFTA gets set aside because these industries are operating at ground zero in the battle over globalization and imported goods, especially in North America.
Analysts’ consensus mean rating on Canadian Pacific Railway (CP) for the next 12 months is 2.12 with a “buy” outlook as of May 28.
The smallest US Class I railroad, Kansas City Southern (KSU), saw its carload traffic fall 1.4% YoY (year-over-year) in Week 20 (ended May 19). This year, the US-Mexico railroad’s carload volume growth has had a bumpy ride. In Week 20, the railroad’s carload traffic fell YoY to ~24,400 carloads from ~24,800. In contrast, US railroads’ (XTN) carload traffic rose 1.2% YoY.
Among all Class I railroad companies, Canadian Pacific Railway (CP) was the only one (XTN) to be highly optimistic in its 2018 outlook, and the company maintains that outlook.
Canadian Pacific Railway (CP) announced a second-quarter cash dividend of 0.65 Canadian dollars on May 10. Upon annualizing this quarterly dividend, we can translate it into a dividend of 2.60 Canadian dollars. The railroad’s dividend payout ratio is 22.8% based on its adjusted EPS of 11.39 Canadian dollars in the last four quarters.
In Week 20 (ended May 19), Jacksonville-headquartered eastern US rail giant CSX (CSX) reported a slight 0.80% YoY (year-over-year) rise in its carload traffic, getting back on track after weakness over the last year. In Week 20, CSX’s carload volumes rose YoY to ~69,400 units from ~68,800. CSX’s carload volume growth was substantially lower than competitor Norfolk Southern’s (NSC) 3.2% gain in the same category, and lower than the 1.2% rise reported by US railroads (XTN).
Kansas City Southern (KCS) (KSU) today announced the promotion of Ginger L. Adamiak from vice president energy and short line relations to vice president energy, industrial development and commercial innovation. “This realignment of our commercial innovation and industrial development functions creates a single organization focused on developing new revenue streams,” said Mr. Hancock. “Ginger and her team will develop industrial solutions for our customers, including a more active industrial and real estate development platform with new process and technology innovation.
Stifel analyst Michael Baudendistel went all-in on rail stocks Wednesday, reinstating coverage on seven of the biggest names in the railroad industry. Baudendistel is generally bullish on the group, but his analysis suggests some stocks are better bets than others. The company’s volume growth has historically allowed the stock to trade at a valuation premium to its peer group, Baudendistel said.
Kansas City Southern (KSU) is the smallest Class I railroad in the United States. It has rail freight hauling operations in Mexico as well as the Midwest United States. In the week ended May 12, KSU’s overall traffic was nearly unchanged compared to the week ended May 13, 2017.
On May 12, the AAR (Association of American Railroads) published its weekly rail freight data for 12 major North American railroads. The weekly data were for the week ended May 12, or Week 19. That week, reporting US rail carriers’ total railcar volumes, including intermodal units, rose 5.8%.
On May 17, Union Pacific (UNP) stock closed at $142.49, up 0.8% from the closing price of $141.36 on May 16. Based on that closing price, UNP has a market capitalization of $109.7 billion—the highest among all major railroads in the US.
Kansas City Southern (KCS) (KSU) today announced the appointments of Michael A. Walczak to vice president mechanical, Maquiling B. Parkerson to vice president labor relations and Adam J. Godderz to associate general counsel and corporate secretary. Effective immediately, each of these moves are for professional advancement and organizational development. “Mike, Maqui and Adam are all outstanding performers in their various roles with the company, so we are pleased to support their professional advancement, while building bench strength for succession planning,” said president and chief executive officer Patrick J. Ottensmeyer.
A quick look at data from the last ten years reveals that Union Pacific’s dividend payout ratio was as high as 45.0% in 2011–2012 and that its lowest dividend payout ratio was 22.0% in 2008–2009. The present levels of UNP’s dividend payout are above its highest payout in the past ten years. Based on the adjusted EPS of $7.58, NSC’s dividend payout ratio comes in at 38.0%.
Kansas City Southern (KSU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Kansas City Southern held its Annual Meeting of Stockholders on May 17, 2018 in Kansas City, Missouri. With 88% of KCS’ outstanding common and preferred stock repr
On May 10, Western US rail freight giant Union Pacific (UNP) declared a quarterly cash dividend of $0.73 per share on its common stock. In the first quarter, UNP raised its quarterly cash dividend from $0.665 per share to $0.73 per share. The company’s quarterly cash dividend on equity shares is payable on June 29 to stockholders of record on May 31.
Kansas City Southern President and Chief Executive Officer, Patrick J. Ottensmeyer, will address the Wolfe Research 2018 Global Transportation Conference at 8:00 a.m.
In Week 18 of this year, Kansas City Southern’s (KSU) carload traffic rose 3.7% YoY (year-over-year) to ~24,000 units from ~23,200. The US-Mexico railway’s freight volume growth has fluctuated recently. In comparison, US railroads’ (IYT) gained 6.4% in Week 18.
In Week 18, major eastern US rail carrier CSX’s (CSX) carload traffic fell marginally YoY (year-over-year), by 0.22% to ~69,400 units from ~69,500. Throughout much of 2018, the Florida-based rail giant has reported YoY railcar traffic decline, though it seems to be getting back on track. In contrast, rival Norfolk Southern’s (NSC) carload traffic grew 10.2% in Week 18, and US railroads’ grew 6.4%.
The AAR (Association of American Railroads) released its weekly rail freight data for 12 major North American railroads on May 9, covering the week ended May 5, or Week 18 of this year. US railroads’ overall rail traffic, including intermodal volumes, grew 7.5%.