|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||106.07 - 108.33|
|52 Week Range||88.66 - 114.91|
|PE Ratio (TTM)||11.65|
|Forward Dividend & Yield||1.44 (1.31%)|
|1y Target Est||N/A|
Costs ate into the railroad's operating profits, but higher revenue and a lower tax rate helped bolster the bottom line.
Kansas City Southern (KSU) reported a 2.7% YoY (year-over-year) decline in carload traffic in Week 15 of 2018. KSU moved ~24,100 carloads in that week compared with ~24,700 units in Week 15 of 2017. The company’s carload traffic trended in the reverse direction compared with US railroads’ (XTN) 1.6% gain in the same category.
On April 18, 2018, the AAR (Association of American Railroads) published its weekly rail freight data. The data relates to 12 major North American railroads for the week ended April 14, 2018, or Week 15. AAR has classified carload traffic into 20 major commodity categories such as grain, coal, chemicals, and primary metal products. Data pertaining to intermodal units are reported separately.
Many U.S. stocks cheapened up during the first quarter's choppy trading scene, relieving some concern investors had about lofty valuations. Railroad and trucking stocks took a hit starting in late January just like the rest of the market. From its record high on Jan. 26, the S&P 500 (.SPX) slumped more than 10 percent in less than two weeks to enter a correction, and the S&P 1500 road and rail index (.SPCOMRAR) fell 9.1 percent.
Disappointing performance by Energy unit hurts Kansas City Southern's (KSU) Q1 results. Improvement in overall carload volumes encourage.
Kansas City Southern, a regional U.S. railroad with extensive operations in Mexico, reported lower-than expected quarterly revenue on Friday despite a 1 percent overall increase in rail volumes. The Kansas City, Missouri-based company said its revenue gains in consumer goods, automotive and petroleum products were partially offset by big drops in agriculture, minerals and other energy cargo, as well as higher fuel and labor costs. Quarterly revenue of $639 million - a 5 percent increase from the year-ago period - fell short of the $641 million Wall Street analysts expected.
On a per-share basis, the Kansas City, Missouri-based company said it had net income of $1.40. Earnings, adjusted for non-recurring gains, came to $1.30 per share. The results did not meet Wall Street ...
Of the Kansas City area's top 25 public companies, 16 have submitted data showing that CEOs make anywhere from 12 times to about 1,000 times more than their companies' median salary. The remaining companies haven't submitted their data yet.
Canadian Pacific's (CP) results in Q1 are hit by bad weather. Moreover, high operating expenses as well as the consequent deterioration in the operating ratio raise a concern.
Kansas City Southern (KSU), which is the smallest Class I railroad in the US, recorded a slight YoY (year-over-year) gain in its carload traffic in Week 14 of 2018. The railroad moved 24,100-plus carloads in that week, compared with ~23,700 units in Week 14 of the previous year, which ended April 8, 2017. Compared with the 4.6% carload traffic gain in US railroads (XTN), KSU’s increase in the same category was much smaller.
The AAR (Association of American Railroads) releases weekly freight data for 12 major North American railroads every Wednesday. Carload volumes are classified into 20 major commodity categories, such as grain, coal, chemicals, and primary metal products. Intermodal traffic, which is expressed in containers and truck trailers, is reported separately.
Rising operating expenses might hurt Kansas City Southern's (KSU) bottom line in Q1. However, intermodal volume growth and the new tax law are likely to drive results.
Earlier, we discussed Thomson Reuters–surveyed analysts’ estimates for CSX’s (CSX) 1Q18 operating margins. In this article, we’ll take a look at their earnings estimates for eastern US major railroad companies. Analysts expect CSX to achieve adjusted EPS (earnings per share) of $0.66 in 1Q18, a 29% rise on a YoY (year-over-year) basis.
CSX (CSX), a NASDAQ-listed major eastern US rail carrier, is set to release its 1Q18 earnings after the market closes on April 17, 2018.
As is evident from its policy decisions, which include rate cuts, trade wars, and the easing of lending via the amendment of the Dodd-Frank Act, the Trump administration is pushing for domestic manufacturing. Railroads (XLI) could see improved traction and consistent growth amid improving coal and industrial output in 2018. Berkshire Hathaway’s (BRK.B) BNSF consistently grew its business in 2017 on higher operating profits aided by investments made to improve efficiency.
The smallest US Class I railroad, Kansas City Southern (KSU), reported a high-single-digit fall in its carload traffic in Week 13 of 2018, by 7.1% YoY (year-over-year). The company hauled ~23,500 carloads in 2018, ~1,800 fewer than in Week 13 of 2017. In contrast, US railroads’ (XLI) carload volumes rose 2.8%.
For Eastern US freight rail carrier CSX (CSX), carload traffic hasn’t progressed in 2018. In Week 13 of 2018, the railroad’s carload traffic rose 3.3% YoY (year-over-year), from ~69,200 carloads to ~71,500. In contrast, rival Norfolk Southern (NSC) saw its carload traffic fall 3.7%, and US railroads carload traffic grew less, by 2.8%.
The AAR (Association of American Railroads) publishes weekly freight data for major North American railroads every Wednesday. The AAR has classified carload traffic into 20 major commodity categories, such as coal, grain, chemicals, and primary metal products. Intermodal traffic in containers and truck trailers is reported separately.
It’s surprising to see that shares of CSX Corporation (NASDAQ:CSX) haven’t been hit harder in recent weeks, with increasing volatility in the stock market and escalating trade-war concerns between the U.S. and China. Despite all of this, CSX stock is only about 8% off its March highs. If you ask Thomas Wadewitz, an analyst at UBS, he still expects some impressive upside.
Zacks Industry Outlook Highlights: Norfolk Southern, CSX, Kansas City, Genesee & Wyoming and Union Pacific