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CSX

CSX Corporation

5/25/2013, 7:23 AM ET

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Thursday, May 2, 2:42 PM Coal demand is set to pick up more than some expect, Morgan Stanley predicts, and suggests several stocks that will benefit. The firm upgrades Consol Energy (CNX +4.4%) based on CNX’s low-cost, high quality coal and gas assets, and its focus on shareholder returns. Also well-positioned: Arch Coal (ACI), rails CSX and Norfolk Southern (NSC), plus utilities NRG, Exelon (EXC) and Calpine (CPN). 4 Comments [Energy, Quick Ideas]
Thursday, April 18, 3:58 PM Union Pacific's (UNP +4.2%) crude oil shipments more than doubled in Q1 as railroads continue to get a lift from the U.S. oil-and-gas drilling boom. UNP's overall volume fell 2%, in line with CSX, as weaker shipments of coal and agriculture products weighed on results. Still, Q1 earnings rose 11% on modest revenue growth, and UNP sees a short-term recovery in coal shipments as utilities rebuild stocks. Comment! [Energy, On the Move]
Wednesday, April 17, 9:59 AM Railroad stocks are mild under-performers after CSX Corporation (CSX -0.8%) issues a soft outlook on demand for coal transport. The company sees relatively flat earnings in 2013 before 10% to 15% growth is seen in 2014 and 2015. Sector watch: NSC -1.6%, UNP -1.3%, CNI -1.2%, CP -1.5%. 2 Comments [Consumer, On the Move]
Tuesday, April 16, 4:19 PM More on CSX (CSX): Q1 beats on a per share basis, but revenue came in at nearly $3B, essentially flat from the year before and shy of the $2.9B analysts expected as gains in merchandise, intermodal and other revenue offset declines in the company's coal business. The company also announced $1B share buyback program. 5 Comments [Earnings]
Tuesday, April 16, 4:10 PM CSX Corporation (CSX): declares $0.15/share quarterly dividend, 7% increase from prior dividend of $0.14. Forward yield 2.48%. For shareholders of record May 31. Payable June 14. Ex-div date May 29. The board approved a new $1.0B share repurchase plan. Shares +2.2% AH. (PR) 2 Comments [Dividends]
Tuesday, April 16, 4:04 PM CSX (CSX): Q1 EPS of $0.45 beats by $0.05. Shares +2.7% AH. (PR) 3 Comments [Earnings, Breaking News, On the Move]
Tuesday, April 16, 12:10 AM Notable earnings after Tuesday’s close: CSX, IBKR, INTC, LLTC, URI, YHOO Comment! [Earnings]
Monday, April 15, 5:35 PM Notable earnings after Tuesday ’s close: CSX, IBKR, INTC, LLTC, URI, YHOO 2 Comments [Earnings]
Thursday, April 4, 8:06 AM Bernstein is out with a warning on the railroad sector, saying Q1 rail volume was a disappointment. The firm expects Canadian National (CNI), Union Pacific (UNP), and Norfolk Southern (NSC) to miss earnings estimates and CSX (CSX) to only match targets. 7 Comments [Consumer]
Monday, March 25, 5:57 PM Railroads are the critical link behind the boom in North American oil production from shale fields beyond the reach of existing pipelines, and Raymond James suggests 21 stocks likely to benefit from the trend: CNI, CP, KSU, NSC, CSX, UNP, BTE, CNQ, ARII, TRN, GMT, PBF, DK, TSO, TLLP, GEL, NRGY, GLP, CSCTF.PK, MEGEF.PK, STPJF.PK. (earlier) 3 Comments [Energy, Quick Ideas]
Wednesday, February 13, 11:29 PM CSX Corporation (CSX) declares $0.14/share quarterly dividend, in line with previous. Forward yield 2.45%. For shareholders of record Feb. 28. Payable Mar. 15. Ex-div date Feb. 26. (PR) Comment! [Dividends]
Monday, February 11, 11:00 AM A bullish piece in Barron's on the prospects for CSX (CSX +3%) appears to be tipping sentiment positive for several railroad sector peers. Though a boom in coal demand isn't expected, the rate of decline in shipments is already slowing and could reverse itself in the next year which bodes well for the railroad industry. Advancers: NSC +2.0%, CP +1.3%, UNP +1.1%. 1 Comment [Consumer, On the Move]
Monday, February 11, 8:37 AM CSX +1.9% premarket after a Barron’s weekend report says shares of the railroad may remain on an upward path for a while, fueled by more stable coal demand and improvements to the company’s operations. While some see CSX as synonymous with coal's problems, the story says many investors have missed its aggressive response to the threat to its business. 1 Comment [Consumer, Energy, On the Move]
Thursday, January 24, 4:52 PM CSX management guidance for a 5%-10% decline in thermal coal volumes in 2013 prompts RBC to predict the bottom of the coal market. In upgrading CSX shares to Outperform, RBC argues that the significantly low multiples at which the Eastern rails have been trading are poised to revert to more normalized levels. BMO also sees a brighter outlook for CSX on abating coal headwinds. 2 Comments [Energy, Quick Ideas]
Tuesday, January 22, 6:19 PM More on CSX Corp. (CSX): Q4 comes in-line on a slight beat to the revenue side, despite a slight 2% slip in total sales Y/Y. Net earnings also declined 3.1% as coal shipments slumped by 19%, largely due to a reduction in demand from utilities, though intermodal volume improved by 3.6% and automotive volumes climbed by 10%. Shares +1.4% AH. 2 Comments [Earnings, Top Stories, On the Move]
Tuesday, January 22, 4:03 PM CSX (CSX): Q4 EPS of $0.43 in-line. Revenue of $2.9B (-2% Y/Y) beats by $0.04B. (PR) 2 Comments [Earnings, Breaking News]

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