|Bid||0.00 x 800|
|Ask||118.00 x 1000|
|Day's Range||111.96 - 113.11|
|52 Week Range||99.47 - 117.79|
|PE Ratio (TTM)||11.98|
|Earnings Date||Oct 18, 2018 - Oct 22, 2018|
|Forward Dividend & Yield||1.44 (1.24%)|
|1y Target Est||122.07|
Berkshire Hathaway’s (BRK.B) BNSF (Burlington Northern Santa Fe) railroad operations are reported in four segments—Industrial Products, Consumer Products, Agricultural Products, and Coal. In the second quarter, BNSF’s total revenues were $5.8 billion—up 12% YoY (year-over-year) from $5.2 billion in the second quarter of 2017. Excluding non-rail logistics and accessorial revenues of $324.0 million, BNSF’s total freight revenues were $5.5 billion—up 11.1% YoY from $5.0 billion in the second quarter of 2017.
Berkshire Hathaway’s (BRK.B) privately owned BNSF (Burlington Northern Santa Fe) is the largest Class I railroad in the United States. On August 7, BNSF filed a 10Q with the SEC for the quarter ending on June 30. BNSF operates the largest rail network in North America through its wholly owned subsidiary—BNSF Railway Company.
NEW YORK, Aug. 10, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Apptio ...
Canadian National Railway (CNI) reported a 2.0% YoY (year-over-year) carload traffic gain in Week 30. The railroad moved 64,000 railcars excluding intermodal units in the week, compared to 62,700 railcars in the same period of the previous year. CNI’s total combined rail freight traffic was up 1.0% YoY in Week 30, whereas the US railroad (XLI) companies posted a 3.0% YoY increase.
Genesee & Wyoming (GWR), North America’s largest shortline operator, is known for its acquisition appetite in the railroad industry. Over the years, the company has grown as a result of numerous acquisitions. In the last five years, GWR has spent over $2.0 billion on acquisitions.
In Week 30, Kansas City Southern (KSU), the smallest US Class I railroad, posted the second-highest weekly gains in total rail traffic. The company’s 6.2% YoY (year-over-year) gain in the week was just behind Canadian Pacific Railway’s (CP) 6.4% gain.
Eastern US railroad giant CSX Corporation (CSX) reported 6.1% YoY (year-over-year) carload traffic growth in Week 30. The railroad’s intermodal gains were lower than carload traffic growth in the week. CSX moved ~71,000 railcars excluding intermodal compared to ~66,900 railcars in the previous year.
In the previous article, we examined the effects of CSX Corporation’s (CSX) new operating model on its financials. In this article, we’ll assess Kansas City Southern’s (KSU) stock price movements and the factors affecting its stock price.
In Week 30, Eastern US major railroad Norfolk Southern (NSC) ranked third based on that week’s total railcar volume gains. The railroad witnessed 5.6% YoY (year-over-year) growth in Week 30, ranking below Kansas City Southern (KSU) and Canadian Pacific (CP) with 6.2% and 6.4% gains, respectively, in that week.
Now let’s look at Norfolk Southern (NSC), a major Eastern US railroad company. On August 3, NSC entered into an accelerated agreement with Bank of America and Goldman Sachs to buy back its common stock worth $1.2 billion. In the last week of July, Norfolk Southern announced an 11% increase in its quarterly dividend per share to $0.80 from $0.72.
BNSF Railway (BRK.B) reported a 4.5% YoY (year-over-year) increase in carload traffic in Week 30. During the week, the Western US major railroad company hauled ~103,300 railcars excluding intermodal compared to ~98,800 units in the corresponding period of 2017.
On August 1, the AAR (Association of American Railroads) released the freight data for Week 30, which ended on July 28. The results are divided into carload traffic and intermodal units, which are expressed in containers and truck trailers.
Kansas City Southern (KSU), the smallest US Class I railroad company, reported the lowest weekly gains in total rail traffic in Week 29. The company’s 2.2% YoY (year-over-year) gain in the week was the lowest among the gains posted by all Class I railroad companies.
In Week 29, Eastern US railroad company CSX Corporation (CSX) followed rival Norfolk Southern (NSC) in terms of total rail traffic growth. CSX’s overall rail traffic jumped 7.9% YoY (year-over-year) in the week, while NSC remained on top with an 8.9% YoY gain in total rail traffic.
On July 25, the AAR (Association of American Railroads) published the rail freight data for Week 29, which ended on July 21. Twelve major North American railroad companies submit their weekly freight volume numbers to the AAR. The data are divided into carload traffic and intermodal volumes.
Norfolk Southern (NSC), a prominent Eastern US railroad, announced an 11% rise in its quarterly cash dividend on July 27. The first increase was in the first quarter when it raised its quarterly cash dividend by 18%. The increased cash dividend is payable on September 10 to stockholders of record on August 6.
On July 26, Union Pacific (UNP), a major Western US rail freight carrier, announced a 10% rise in its quarterly cash dividend, from $0.73 per share to $0.80 per share. The increased quarterly cash dividend on UNP’s common stock is payable on September 28 to shareholders of record on August 31. The increased quarterly dividend will result in a cash outlay of $591.6 million for the railroad.
LONDON, UK / ACCESSWIRE / July 27, 2018 / If you want access to our free earnings report on Kansas City Southern (NYSE: KSU) ("KCS"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=KSU. KCS reported its second quarter fiscal 2018 operating and financial results on July 19, 2018. For the quarter ended June 30, 2018, KCS reported record revenues of $682 million, reflecting an increase of 4% from revenue of $656.4 million in Q2 2017, predominantly from rising fuel prices.The Company's reported numbers beat analysts' estimates of $688.1 million.