Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

CSX Corp Add to portfolio

NAS:CSX, Apr 21, 07:08 UTC

Latest NAS:CSX News

Filter your feed

Apply Filter

Today


News

Analyst Recommendations for CSX after 1Q18 Results

CSX

CSX (CSX) is tracked by 26 analysts surveyed by Thomson Reuters. It has a consensus rating of 2.2, indicating a “buy.” Six analysts (23.1%) have recommended a “strong buy” for the stock, and ten (38.5%) have recommended a “buy.” Eight analysts (30.8%) have given the stock a “hold” rating. After its 1Q18 earnings, there are still two analysts who are recommending a “sell.”.

Read Full Details

Topics:
  • Business
  • Financial
News

Precision Scheduled Model Boosts CSX’s 1Q18 Operating Margins

CSX

Let’s look now at CSX’s (CSX) operating margin in 1Q18. CSX recorded a whopping 950-basis-point increase in its operating margin for the quarter. Compared with its adjusted operating margin for 1Q17, which excludes restructuring charges, CSX’s margin expanded 5.7% to 36.7% in 1Q18. Its operating expenses decreased 13% in 2018, although its revenue grew just 0.2%.

Read Full Details

Topics:
  • Business
  • Financial
News

The Fall of CSX’s Merchandise Freight Revenue in 1Q18

CSX

Its general merchandise revenue fell $60 million, or 3.3%, to $1.77 billion in 1Q18 from $1.79 billion YoY (year-over-year). Merchandise’s share of CSX’s total operating revenue fell 2.2% to 61.9% in 1Q18 from 64.1% in the same quarter last year. For CSX, growth in general merchandise revenue remains a concern.

Read Full Details

Topics:
  • Business
  • Financial

Yesterday


News

Why CSX’s Coal Revenues Declined in 1Q18

CSX

CSX’s (CSX) revenue in the first quarter of 2018 was flat compared to 1Q17. It rose only 0.2% to $2.8 billion. Carloads declined 4% to 1.5 million units from 1.6 million units a year ago. In spite of a volume fall, revenue rose marginally, which was most likely from pricing gains. Revenue per unit rose 4% to $1,877 from $1,802.

Read Full Details

Topics:
  • Business
  • Financial
News

CSX’s 1Q18 Earnings Surpass Estimates, Stock Up 7.8%

CSX

Railroad companies’ quarterly earnings typically start with CSX (CSX). On April 17, 2018, this Eastern US major railroad released its 1Q18 earnings. It reported adjusted EPS (earnings per share) of $0.78, beating Thomson Reuters–surveyed analysts’ estimate of $0.66, or 18.2%.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, April 19


News

3 Key Takeaways From CSX Corporation's First-Quarter Earnings

CSX

"CSX Corporation(NASDAQ: CSX) surprised investors with extremely healthy results on its release of first-quarter 2018 earnings Tuesday after the markets closed. While lower volumes compressed the company's top line, leading to essentially flat revenue of $2.9 billion, net income soared 92%, to $695 million, due to cost-cutting and the fruit-of-productivity initiatives.", "In the first three months of the year, CSX achieved an adjusted operating ratio of 63.7%, a reduction of 570 basis points over the prior-year's ratio of 69.4%, marking a first quarter record.", "A portion of this improvement can be traced to CEO Jim Foote's decision to continue the process of converting CSX to a scheduled railroad, a project former CEO Hunter Harrison set into motion before passing away unexpectedly in December 2017.", "CSX's sharp year-over-year change in operating ratio is a clear signal to investors that despite volume pressures, the company is in control of its bottom line and can boost earnings per share even in a flat revenue environment."

Read Full Details

Topics:
  • Business
  • Financial
News

CSX Had a Strong Performance on April 18

CSX

CSX (CSX), which is a leading supplier of rail-based freight transportation in North America, was one of the S&P 500’s top gainers on April 18. After regaining strength last week, CSX started this week on a stronger note and gained in the first three trading days. On April 18, CSX opened the day higher and rallied to fresh record high price levels.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, April 18


News

Why Freeport-McMoRan, United Continental Holdings, and CSX Jumped Today

CSX FCX +1 more CSX FCX UAL

'Earnings continued to dominate the headlines on Wall Street, and despite some clear losers on that front, investors seemed to be generally pleased with the way that the first quarter seems to have gone for corporate America. Some leading companies had good news that pushed their shares higher.', 'Freeport-McMoRan (NYSE: FCX), United Continental Holdings (NYSE: UAL), and CSX (NASDAQ: CSX) were among the best performers on the day.', "Domestic crude oil prices rose about $2 per barrel to around $68.50, while international Brent crude climbed to $73.50 per barrel as positive comments from Saudi Arabia spurred speculation that oil prices could return to triple digits in the foreseeable future. For Freeport, energy makes up just part of its overall operations, but copper prices also climbed about 2%, helping to support the mining side of Freeport's business.", "Today's move continues what has been an exciting time for Freeport-McMoRan as it has sought to rebound from its difficulties when oil prices were less than half what they are today."

Read Full Details

Topics:
  • Business
  • Financial
News

Textron and CSX rise while IBM and Lam Research skid

CSX TXT +2 more CSX TXT IBM LRCX

'The electronics retailer will team up with Amazon to sell its Smart TVs.', 'The chip equipment maker said it expects shipments to decrease in the second quarter compared to the first.', "The technology company said its profit margins decreased and analysts weren't impressed with its first-quarter results.", 'The plane and helicopter maker had a strong first quarter and will sell a business to Emerson Electric for $810 million.'

Read Full Details

Topics:
  • Business
  • Financial
News

Why CSX Corporation Stock Is Finally Back on Track

CSX

'We never really know what investors want to hear or what the company will deliver.', 'Last night, CSX Corporation (NASDAQ:CSX) told a great story and today investors are rewarding the stock.', 'We have tax advantages and robust spending periods, so there is no fundamental reason to sell this market to new lows. And in a rising market, CSX stock should also do well.', 'I am not one to chase upside hopium blindly, especially not at all-time-highs. So today, I will generate income from CSX options so I can make money, even if the stock stalls.'

Read Full Details

Topics:
  • Business
  • Financial