58.05 0.00 (0.00%)
After hours: 5:02PM EST
|Bid||57.00 x 900|
|Ask||60.05 x 300|
|Day's Range||57.59 - 58.24|
|52 Week Range||42.66 - 60.04|
|PE Ratio (TTM)||9.70|
|Earnings Date||Apr 17, 2018 - Apr 23, 2018|
|Forward Dividend & Yield||0.80 (1.38%)|
|1y Target Est||63.76|
CSX Corporation (NASDAQ:CSX) finds itself at a crossroads. The company reported strong profit growth in fiscal 2017 and witnessed a large increase in its stock price over the last couple of years. Unfortunately, the year ended with the unexpected passing of its CEO, whom many regarded as a turnaround king in the railroad industry.
While the bulls might have appreciated the better-than-expected Capex guidance, analysts anticipate further details on the 2018 guidance and long-term targets at the company's Analyst Day on March 1.
Edward Jones analyst Dan Sherman remained positive about CSX Corp. (CSX) stock following the release of the company's fourth quarter earnings. The Jacksonville-based railroad missed revenue projections in the fourth quarter but saw a 14 percent year-over-year drop in expenses and a six percentage point improvement in its operating ratio. CSX is transitioning towards precision scheduled railroading, an operating model Harrison implemented successfully at Canadian National Railway and Canadian Pacific Railway.
Stocks were higher on Wednesday morning, following Tuesday's wild ride as a few more earnings reports rolled in. S&P 500 futures are up 0.4%. Dow Jones Industrial Average futures are up 0.5%. Nasdaq futures ...
CSX Corp. still has work to do to win back shippers following last year’s service disruptions that occurred after a massive overhaul of the railroad network under its prior chief executive.
Harrison, a veteran railroader cherished by investors for leading turnarounds of Canadian railroads, died in December, just eight months into his restructuring campaign at CSX that includes a strategy to run trains on tight schedules rather than on customer needs. Investors have been searching for clarity on how new CEO Jim Foote will handle the turnaround plan that also includes deep job cuts and rail yard closures and has triggered persistent service disruptions, customer complaints and federal scrutiny. "I see no reason to believe we can't deliver the results that Hunter thought we could," Foote said on a post-earnings call.
CSX Corp reported a bigger-than-expected drop in fourth-quarter revenue on Tuesday as the third-largest U.S. railroad lost some business due to service issues caused by former chief executive Hunter Harrison's turnaround plan. Harrison, a veteran railroader cherished by investors for leading turnarounds of Canadian railroads, died in December, just eight months into his restructuring campaign at CSX that includes a strategy to run trains on tight schedules rather than on customer needs. Investors have been searching for clarity on how new CEO Jim Foote will handle the turnaround plan that also includes deep job cuts and rail yard closures and has triggered persistent service disruptions, customer complaints and federal scrutiny.
CSX Corp. reported Tuesday that its fourth-quarter profit grew 25 percent as it further cut expenses, and on top of it the railroad booked a $3.6 billion benefit from the corporate tax cut Congress approved ...
In his first address to investors since becoming CSX Corp. CEO, Jim Foote emphasized his commitment to maintain the pace and scale of the changes put in place by E. Hunter Harrison before he died last month. "Atlanta's hump yard is flat," he said.
CSX Corporation (NASDAQ:CSX) posted its quarterly earnings after hours, yielding mixed results.Source: Don O’Brien via Flickr
The railroad company reported adjusted earnings of $64 cents a share on revenue of $2.86 billion for the fourth quarter.
Shares of CSX Corp. rose 1.5% late Tuesday after the railroad company reported adjusted earnings above Wall Street expectations. CSX said it earned $4.1 billion, or $4.62 a share, in the fourth quarter, ...
JACKSONVILLE, Fla., Jan. 16, 2018-- CSX Corporation today announced fourth quarter 2017 net earnings of $4.1 billion, or $4.62 per share, versus $458 million, or $0.49 per share in the same period last ...
CSX Corporation (NASDAQ:CSX) received a lot of attention from a substantial price increase on the NasdaqGS in the over the last few months. With many analysts covering the large-cap stock,Read More...
Stock futures jumped early Tuesday while Bitcoin dived. UnitedHealth topped earnings views. Citigroup, CSX, Comerica and Interactive Brokers report today.