|Bid||68.50 x 1400|
|Ask||76.25 x 1000|
|Day's Range||69.85 - 73.02|
|52 Week Range||48.26 - 76.24|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||10.19|
|Earnings Date||Jan 14, 2019 - Jan 18, 2019|
|Forward Dividend & Yield||0.88 (1.25%)|
|1y Target Est||80.65|
Good news is bad because it gives the Federal Reserve another reason to pump the brakes on the economy with more rate hikes. Fortunately, as earnings season kicks into high gear, we'll get plenty of data to determine whether the Fed's plan for four more rate hikes is right or wrong.
It's positive because it cuts in favor of the Fed doing nothing and letting the economy grow a little more so that workers can start getting some raises and do better than the bosses for a change. The ostensible reason is that the economy's at full employment and if you let it get any stronger then we might ignite hard-to-stop wage inflation. Let's give the Fed its due.
The stock market was mixed with the Dow dropping about 150 points early Wednesday. Netflix jumped after strong subscriber growth.
Dow Jones futures fell early Wednesday, but Nasdaq futures jumped. Netflix stock soared late on subscriber growth, and FANG stocks Facebook, Amazon and Alphabet also rose.
CSX Corporation (Nasdaq: CSX) reported third quarter earnings above Wall Street consensus estimates thanks to its ongoing implementation of precision scheduled railroading and a strong market for U.S. export coal. The third quarter marks the second consecutive that saw CSX's operating ratio fall below 60 percent, with those results coming in two years ahead of the schedule set by chief executive James Foote. "I am very excited by the strong performance of the railroad," Foote said on the earning conference call.
The Ocean Network Express business formed from the country’s big three carriers expects to lose $600 million in its first year of operations, the WSJ’s Costas Paris reports, the biggest in a series of financial setbacks by carriers this year. Fuel prices are soaring, and an early surge in peak-season shipping driven by trade tensions came just as ONE was trying to get its bearings. Inc. raised truck driver pay at a double-digit pace in the third quarter, the WSJ Logistics Report’s Jennifer Smith writes, signaling that freight operators are paying up to meet strong shipping demand.
Canadian National Railway (CNI) reported 2.5% YoY (year-over-year) carload traffic growth in Week 40. The railroad company hauled ~66,000 railcars excluding intermodal traffic from ~64,400 units in the same week of 2017.
SMART Global, Newmont Mining, Netflix and CSX highlighted as Zacks Bull and Bear of the Day
CSX's third quarter continued the year's strong progress with higher earnings, better performance metrics and higher volumes than the same quarter a year ago. The railroad's operating ratio came in at a third quarter record 58.7. Foote was not the only one pleasantly surprised by the progress CSX Corp. (Nasdaq: CSX) made in the third quarter.
Railroad operator CSX reported a net income of $894 million, or $1.05 a share, in the third quarter, compared to $459 million, or $0.51 a share, in the same period a year ago. Revenue increased 14% to ...
Wall Street was watching for signs that looming threats, such as tariff-driven trade disruptions and rising fuel costs, are hitting the sector's profitability. Interruptions from Hurricane Florence, which included the loss of five miles of track due to flooding and revenue losses due to transit disruptions, reduced earnings by 2 cents per share during the latest quarter.
$1.05 per share, which is stronger than the 94 cents per share that analysts were calling for, according to data compiled by Zacks Investment Research. CSX stock also moved upwards as the company’s revenue surged up to $3.13 billion, marking a 14% increase compared to its year-ago quarter. Analysts were calling for the company to reel in sales of $3.039 billion for the period, according to data compiled by Zacks Investment Research.
CSX (CSX) delivered earnings and revenue surprises of 11.70% and 2.95%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
CSX Corp. hauled in nearly double the profits it reported in last year's third quarter when the railroad was struggling with service problems as it implemented its new operating model. The Jacksonville, Florida-based company said Tuesday it earned $894 million, or $1.05 per share, in the quarter. CSX CEO Jim Foote says the results show the railroad is continuing to become more efficient.
CSX Corporation (CSX) today announced third quarter 2018 net earnings of $894 million, or $1.05 per share, versus $459 million, or $0.51 per share in the same period last year (a 106 percent increase). “This quarter highlights the progress towards our transformation as we aim to deliver industry leading service to our customers,” said James M. Foote, president and chief executive officer.
NEW YORK, NY / ACCESSWIRE / October 16, 2018 / CSX Corporation (NASDAQ: CSX ) will be discussing their earnings results in their 2018 ThirdQuarter Earnings to be held on October16, 2018 at 4:30 PM Eastern ...
In Week 40, Eastern US major railroad company CSX (CSX) saw 6.6% YoY (year-over-year) carload traffic growth. The company hauled ~73,000 railcars sans intermodal units in the week compared to 68,400 units in the corresponding week of 2017.