122.08 0.00 (0.00%)
After hours: 5:14PM EDT
|Bid||120.29 x 1200|
|Ask||124.48 x 1100|
|Day's Range||121.54 - 122.73|
|52 Week Range||90.55 - 126.47|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||21.85|
|Earnings Date||Oct 17, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||1.44 (1.20%)|
|1y Target Est||136.07|
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’s Board of Directors on August 13, 2019 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock.
Moody's Investors Service has upgraded the Port of Beaumont Navigation District, TX's outstanding revenue bond debt totaling $16.4 million to A2 from A3. Port of Beaumont Nav Dist, TX's upgrade to A2 from A3 is based on the port's sustained increase in operating revenues and debt service coverage levels, which have grown due to the revenue stream provided by Jefferson Energy Companies since 2015.
In 2016 Pat Ottensmeyer was appointed CEO of Kansas City Southern (NYSE:KSU). This report will, first, examine the CEO...
"The rail industry can automate just like any other industry," Canadian National (NYSE: CNI) chief executive officer JJ Ruest said during his company's second quarter earnings call on July 24. Using technology to bolster rail operations gives "me the ability to ask all of these new questions that I didn't even have time to consider because it just took me a long time to come up with any plan, let alone a very efficient plan," said Tom Forbes, chief executive officer of Biarri Rail, a technology firm that produces software that aids rail operations.
Due to CSX's (NYSE:CSX) earnings and revenue miss, many analysts and pundits have begun to take a more bearish view of CSX stock. With its 2019 revenues set to fall 1%-2%, according to its own estimates, CSX could face a rough ride. Also, the trade war with China and signs of an economic slowdown have weighed on CSX's freight volumes and intermodal transport business.Source: Shutterstock The low cost of rail transport has and will continue to bolster CSX's business model in the long-term. However, falling revenues and economic headwinds look positioned to derail CSX stock for the foreseeable future. * 8 of the Most Shorted Stocks in the Markets Right Now CSX Stock Price TumbledOn July 16, CSX stock price fell by more than 10% following the company's earnings. The company's earnings and revenue fell short of analysts' average expectations. Moreover, the company's guidance also came in below the average estimate. CSX expects its revenues to come in 1%-2% lower than last year's revenue of $12.25 billion or between $12 billion and $12.13 billion. The average revenue estimate had previously stood at $12.47 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe negative sentiment spread across the railroad industry. Union Pacific (NYSE:UNP), Kansas City Southern (NYSE:KSU), and Norfolk Southern (NYSE:NSC) also plunged on July 16. The sellers appear to have made the right call. Norfolk Southern's earnings subsequently came in below analysts' average estimates, while Union Pacific's top line missed the consensus outlook. The Economic Cycle Bodes Poorly for CSX StockIn a previous article,I predicted that guidance would likely determine the near-term performance of CSX stock. Since the company had already cut its revenue guidance in January, issuing lower guidance a second time destroyed the confidence many had in CSX stock.Additionally, CSX and its peers serve as a proxy for the overall economy. As InvestorPlace columnist James Brumley stated, there is now widespread concern that the economy is slowing.The Fed attempted to address this issue with a cut in interest rates recently. Before this cut, the Federal Reserve had not reduced rates since soon after the 2008 financial crisis. So far, the Fed's move has failed to rejuvenate CSX stock.CSX stock price traded above $71 per share before the cut. Since it occurred, the stock fell for the rest of the week. As of this writing, the CSX stock price now stands at about $66.50 per share.Moreover, InvestorPlace columnist Josh Enomoto points out that CSX stock dropped massively during the 2000 tech bubble and the 2008 financial crisis. During both downturns, CSX stock price lost more than two-thirds of its value. If rate cuts fail to head off an economic slowdown, I wouldn't be surprised if history repeats itself.I do not necessarily believe that the CSX stock price will fall by two-thirds again. However, it may be vulnerable enough to justify selling the equity. Traders have few reasons to ride out such a downturn. The Bottom Line on CSX StockRail remains the lowest-cost means of transporting freight. For this reason, I like the railroad industry in general, and I think CSX stock will deliver returns over the long-term.But at this stage, I see more to lose than gain by holding CSX stock at these levels. When investors sour on CSX stock, history has shown that they turn on it hard. The recent rate cut did not boost CSX stock price, and the stock began a new downward move following the news.That does not mean traders should stop paying attention to this company. I think CSX stock will be a great buy during the depths of a recession. However, in the late stages of an economic expansion, traders should stay off the tracks, since for now, CSX is much more likely to report negative news than positive metrics.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Small-Cap Stocks to Buy Before They Grow Up * 7 Stocks to Buy With Over 20% Upside From Current Levels * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post CSX Stock Will Likely Continue to Fall Amid Economic Uncertainty appeared first on InvestorPlace.
It's been kind of choppy for the start of the earnings season. Take a look at CSX Corp. (NYSE:CSX) stock. When the company reported second quarter results, the reaction was swift -- and harsh. The CSX stock price plunged by about 10%, the worst drop since the financial crisis in 2008.Source: Shutterstock As a result, other rail companies like Union Pacific Corporation (NYSE:UNP), Kansas City Southern (NYSE:KSU) and Norfolk Southern Corp. (NYSE:NSC) saw declines in their stock prices.Now there are some things to keep in mind. First of all, CSX stock is still up about 16% for the year. If anything, the past week's sell-off may have been partly an excuse to take some profits off the table.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNext, the quarterly results for CSX were not necessarily bad. The earnings came in at $1.08 per share, which was a miss of only 2 cents a share. As for the revenues, they were $3.06 billion whereas the Street was looking for $3.14 billion. * 10 Stocks to Sell for an Economic Slowdown CSX also showed more progress in realizing efficiencies. In the quarter, the operating ratio was 57.4%, down from 58.6% during the same period a year ago. The goal is to maintain a level below 60%.Yet the real problem was the guidance, which was far from inspiring. For the full-year, CSX is projecting a decline on the top-line of 1% to 2%. (Keep in mind that the prior forecast was for a 1% to 2% increase.) If that transpires, it would be the first annual decline since 2016. Puzzling BackdropIn the quarter, there was strength in categories like autos, agriculture products, minerals, fertilizers and chemicals. But the overall growth was not enough to compensate for the 10% drop in intermodal volumes. The net result: a 4% decline to 1.6 million units on a year-over-year basis. While CSX was able to raise prices, it was not enough to keep up the growth for revenues.On the earnings call, CSX CEO James Foote had this to say about the situation: "Both global and U.S. economic conditions have been unusual this year, to say the least, and have impacted our volumes. You see it every week in our reported carloads. The present economic backdrop is one of the most puzzling I have experienced in my career." * 7 Stocks Top Investors Are Buying Now Granted, he is not saying there will be a recession. Yet it does look like Foote will take a cautious approach. Interestingly enough, it is this kind of psychology that can quickly spread and lead to economic downturns. And this would certainly weigh on CSX stock, as it is highly cyclical. Bottom Line on CSX StockThis week UNP also reported its quarterly results, which beat the Street. The stock rose about 6% on the news. Yet despite this, UNP is also seeing sluggishness on the top-line, as freight revenues were off by 2%. According to CEO Lance Fritz, in an interview with Yahoo Finance: "There [are] some unique impacts that are happening to the railroad that aren't reflective of the U.S. or global economy."Yes, for the most part, the rail industry appears to be hitting a soft patch.Now, as for CSX stock, the valuation is certainly more reasonable. Note that the forward price-to-earnings multiple is about 16x. And yes, there continue to be share buybacks, with $860 million in purchases for the quarter.But then again, with the swirling uncertainty and revenue pressures, there are few catalysts right now and it would not be surprising if the stock languishes for awhile.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Is It Time for Investors to Get On Board CSX Stock? appeared first on InvestorPlace.
Kansas City Southern earnings for the second quarter of 2019 have KSU stock stock taking off on Friday.Source: Shutterstock Kansas City Southern (NYSE:KSU) reported earnings per share of $1.64 for the second quarter of the year. This is up 6% from the company's earnings per share of $1.54 from the same period of the year prior. It was also a boon to KSU stock by beating out Wall Street's earnings per share estimate of $1.61 for the quarter.The Kansas City Southern earnings report for the second quarter of 2019 also includes net income of $129.10 million. That's a drop from the company's net income of $148.70 million reported in the second quarter of 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsKansas City Southern earnings for the second quarter of the year have operating income coming in at $208.00 million. This is a decrease from the railroad company's operating income of $245.80 million reported during the same time last year.Revenue reported in the Kansas City Southern earnings report for the second quarter of 2019 was $714.00 million. This is better than the company's revenue of $682.40 million reported in the second quarter of the previous year. It was also a blessing to KSU stock by coming in well above analysts' revenue estimate of $706.23 million for the period. * 10 Tech Stocks That Are Still Worth Your Time (And Money) There were a few reasons for the strong revenue growth in the second quarter of the year. This includes more shipments in the Chemicals and Petroleum categories in connection to the Mexico energy reform. The railroad company also saw Automotive revenue for the quarter increase by 5%.KSU stock was up 3% as of Friday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now As of this writing, William White did not hold a position in any of the aforementioned securities.The post Kansas City Southern Earnings: KSU Stock Surges on Q2 Results appeared first on InvestorPlace.
Kansas City Southern's (KSU) second-quarter 2019 results are aided by a better operational performance. The strong performance of its Chemical & Petroleum segment is also a positive.
Shares of Kansas City Southern surged 2.4% in morning trading Friday, after the railroad operator reported second-quarter earnings and revenue that beat expectations. The rally was enough to pace the Dow Jones Transportation Average's gainers, as the Dow transports rose 77 points, or 0.7%. The company reported earlier net income that fell to $128.7 million, or $1.28 a share, from $148.2 million, or $1.45 a share, in the same period a year ago. Excluding non-recurring items, adjusted EPS rose 6% to $1.64, above the FactSet consensus of $1.54. Revenue increased 5% to $714.0 million, beating the FactSet consensus of $706.5 million. The company said operational efficiency helped boost its performance. " We're handling the same volume levels overall that we handled last year with 12% fewer locomotives, 7% fewer railcars and 10% fewer crew starts," said Chief Executive Patrick Ottensmeyer on the post-earnings conference call with analysts, according to a transcript provided by FactSet. The stock has run up 26.7% year to date, while the Dow transports has advanced 15.7% and the Dow Jones Industrial Average has gained 16 .8%.
Kansas City Southern (NYSE: KSU) achieved record second quarter revenue despite flat volumes. The railroad said second quarter revenue totaled $714 million, a 5 percent increase from $682 million for the same period in 2018. A 19 percent increase in chemicals and petroleum revenues due to the growth in shipments related to Mexico energy reform contributed to KSU's second quarter revenue increase, as did a 5 percent increase in automotive revenues.
Five large cap companies reported Q2 results before the market's open: Amazon, Citizens Financial, Synchrony, Schlumberger and Kansas City Southern.
Kansas City Southern (KSU) delivered earnings and revenue surprises of 2.50% and 1.43%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Wall Street was set to open higher on Friday as solid results from Microsoft fed into a bullish mood following signs from New York Fed President John Williams that the U.S. central bank was set to cut interest rates this month. Microsoft Corp, America's most valuable company, gained 2.7% premarket, after strength in its cloud business helped it beat analysts' estimates at the end of a week of mixed corporate results. Shares of the world's largest oilfield services provider Schlumberger NV rose 1% as it beat quarterly revenue estimates and named insider Olivier Le Peuch as its new chief executive officer.