|Bid||64.56 x 900|
|Ask||65.99 x 2900|
|Day's Range||63.14 - 65.26|
|52 Week Range||48.43 - 76.24|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||8.65|
|Earnings Date||Apr 15, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||0.88 (1.35%)|
|1y Target Est||74.68|
Stock closed higher on Thursday following reports that the U.S. may ease tariffs on Chinese imports.
The company had been expected to report earnings of $1.48 a share on sales of $2.3 billion, based on a FactSet survey of 21 analysts. The stock had fallen 13% since the company last reported earnings on Oct. 15. The company had been expected to report earnings of 99 cents a share on sales of $3.1 billion, based on a FactSet survey of 25 analysts.
Stocks that moved substantially or traded heavily Thursday: Morgan Stanley, down $1.96 to $42.53 The bank's fourth-quarter results fell short of expectations as its stock and bond traders struggled. CSX ...
No matter the averages, which had started down, skyrocketed on the tidbit and stocks that had been crushed over China worries took off as if deal were done and signed. Now there is no doubt that investors want a deal with China in the worst way, and I actually mean in the worst way, as in the worst way for our country.
Schlumberger earnings and Kansas City Southern earnings are due Friday. New York Fed President John Williams and Philly Fed President Patrick Harker will speak.
U.S. stocks have closed with gains in seven of the past nine sessions. Analysts expect the streaming giant to post fourth-quarter earnings of 24 cents a share on revenue of $4.21 billion. Stocks surged Thursday afternoon after the Wall Street Journal reported that the U.S. is considering lifting tariffs levied against China in order to hasten a deal that would end a trade war between the world's two largest economies.
Morgan Stanley's Ravi Shanker maintains an Underweight rating on CSX with a price target lowered from $56 to $55. CSX is in an "unfamiliar position," as Wednesday's earnings report did not consist of its typical big beat and management's tone during the conference was void of any "swagger," Shanker said in a Thursday note.
--When CSX Corporation (NASDAQ: CSX) reported a third quarter 2018 operating ratio (OR) of 58.7 percent, an improvement of almost 1,000 basis points over the third quarter of 2017, it was such a stunning number that it set off enough discussion in the industry over the apparent enormous success of precision railroading (PSR) that Union Pacific Corporation (NYSE: UNP) and Norfolk Southern Corp. (NYSE: NSC) in fairly quick order followed suit by saying they were going to go down the PSR route (Union Pacific) or make changes that looked suspiciously like it (Norfolk Southern). In the fourth quarter of 2018, CSX's OR was 60.3 percent, which is a 400 basis point improvement over the 60.7 percent posted in the fourth quarter of 2017. The outlook for 2019 that was to be delivered later Wednesday afternoon on the earnings call by CEO James Foote calls for the full year 2019 operating ratio to outperform the target of 60 percent that was set for 2020.
Here are some of the companies with shares expected to trade actively in Thursday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
U.S. stock futures fell on Thursday, Jan. 17, and global shares declined as concerns over the fate of U.S.-China trade talks pushed equities lower. China's vice premier, Liu He, confirmed Thursday he will travel to Washington for two days of talks with U.S. officials starting Jan. 30, easing worries that the U.S. government shutdown, now in its 27th day, would delay negotiations that already are running up against a March 1 deadline.
CSX’s Q4 Earnings Beat Expectations on Higher Pricing and VolumesCSX surpassed expectationsCSX (CSX) reported better-than-expected results for the fourth quarter. Moreover, the company’s quarterly revenues and EPS improved significantly on a YoY