73.60 -0.10 (-0.14%)
After hours: 5:02PM EDT
|Bid||71.55 x 800|
|Ask||73.60 x 2200|
|Day's Range||72.83 - 73.98|
|52 Week Range||48.11 - 73.98|
|PE Ratio (TTM)||10.62|
|Earnings Date||Oct 15, 2018 - Oct 19, 2018|
|Forward Dividend & Yield||0.88 (1.21%)|
|1y Target Est||73.41|
In the previous part, we analyzed Berkshire Hathaway’s (BRK.B) BNSF (Burlington Northern Santa Fe) revenues. In this part, we’ll discuss the Consumer Products segment. In the second quarter, the Consumer Products segment’s revenues increased $237.0 million or 13.6% to $1.9 billion from $1.7 billion in the second quarter of 2017.
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. 14, 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 Williams ...
CSX, Cheesecake Factory, Tapestry, Home Depot, Macy???s, Walmart and J.C. Penney highlighted as Zacks Bull and Bear of the Day
CSX Corporation (CSX) is seeing solid earnings estimate revision activity and is a great company from a Zacks Industry Rank perspective.
CSX Corp's (CSX) efforts to reward shareholders through dividend payments and buybacks are encouraging. Also, the company is benefiting from the Precision Scheduled Railroading system.
Canadian Pacific Railway (CP) reported 5.7% YoY (year-over-year) growth in carload traffic. The railroad hauled ~31,900 railcars excluding intermodal units in Week 30, compared to ~30,200 units in the comparable period of 2017.
Of the 28 analysts covering Union Pacific (UNP) stock, 15 have recommended “buys,” 12 have recommended “holds,” and one has recommended a “sell.” Analysts’ target price of $155.84 is ~4% higher than UNP’s August 7 closing price of $149.88. Its business reorganization could increase its operating costs in the short term, but analysts expect it to expand its operating margin in the long term.
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.
Union Pacific Corporation (NYSE: UNP) customers sending freight east of the Mississippi have fewer options as the west's main rail line blames changes on the part of its eastern peer CSX Corporation (NYSE: CSX). The service changes stem directly from what UP calls "interline intermodal service changes" on the part of CSX.
Canadian Pacific Railway (CP) and Canadian National Railway (CNI) stocks have been hit in 2018 due to NAFTA renegotiations. This has been reflected in their year-to-date returns as of August 6, which are lower than the returns of US-originated railroad companies (IYT) such as Union Pacific (UNP) and CSX Corporation (CSX). Canadian Pacific Railway’s Precision Scheduled Railroading model has benefited it in recent years, as has been evidenced by its higher operating margin compared to those of its Class I railroad peers.
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.
CSX Corporation (CSX) went a step further and completely changed its rail operating model. This new operational turnaround model should help CSX achieve revenue growth on increased shipments and pricing gains from the intermodal and general merchandise segment.
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.
The second-quarter earnings releases of major US railroad companies concluded with Genesee & Wyoming’s (GWR) earnings results, which it released on July 27. A quick look into these companies’ earnings reveals a vivid YoY (year-over-year) rise in rail freight volumes. For railroad companies, top line growth is primarily driven by volumes and pricing gains.
JACKSON, Miss. (AP) — A train crash into a tour bus that killed four in Mississippi last year stemmed from the railroad and the city failing to improve an unsafe rail crossing, federal safety regulators concluded Tuesday.
JACKSONVILLE, Fla., Aug. 07, 2018-- CSX Corporation today announced a new operating management structure that decentralizes operational and support functions. Designed to enhance safety, improve service, ...