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CSX Corporation (CSX)

  • Oct. 15, 2013, 5:22 PM
    • More on CSX's Q3 results: Profit rose 1.8% as higher overall volume and some pricing gains more than offset continued weakness in the coal market.
    • Intermodal volume climbed 10% in Q3, while coal volume dropped 7.4%; merchandise shipments rose 4.9%, as volume for chemicals, autos and metals grew but fell slightly for some agricultural products.
    • CSX also expects FY 2013 earnings to be up slightly from 2012, an improvement from the prior expectation of roughly flat earnings.
    • The results contrast with the warning Union Pacific (UNP) gave earlier this month.
    • CSX +0.8% AH.
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  • Oct. 15, 2013, 4:05 PM
    • CSX (CSX): Q3 EPS of $0.46 beats by $0.03.
    • Revenue of $3B beats by $0.06B. Shares +2.3% AH. (PR)
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  • Oct. 15, 2013, 12:10 AM
  • Oct. 14, 2013, 5:35 PM
  • Oct. 4, 2013, 8:58 AM
    • Union Pacific (UNP) -1.2% premarket after issuing Q3 earnings and revenue guidance below Wall Street expectations, citing mild weather and an uncertain economic environment.
    • UNP sees Q3 EPS of $2.45-2.48 on 4%-5% operating revenue growth vs. consensus estimates of a $2.56 profit on 7% revenue growth.
    • Core pricing was 3.5%, below the 4% Y/Y increase achieved in each of the last two quarters, attributable to a less favorable commodity mix including lower coal shipments.
    • Other rail stocks could come under pressure today: NSC, CSX, KSU, CP, CNI, GWR.
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  • Oct. 2, 2013, 4:32 PM
    • CSX Corporation (CSX) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 2.30%
    • Payable Dec. 13; for shareholders of record Nov. 29; ex-div Nov. 26.
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  • Sep. 17, 2013, 1:36 PM
    • A dose of fundamentals analysis reveals a trio of stocks that look cheap despite trading near 52-week highs, according to Barron's Jack Hough.
    • The group all features steady cash flow in industries where margins are improving, while trading below 15X 2013 earnings estimates.
    • In the bargain bin: CSX (CSX -0.3%), Owens Illinois (OI -0.5%), Hillenbrand (HI +0.9%).
  • Aug. 9, 2013, 4:58 PM
    • A U.S. appeals court vacates a lower court's decision to certify a class action against railroad companies, a procedural win for the companies in a case about whether they illegally colluded to fix the price of fuel surcharges.
    • Thousands of freight-shipping customers are suing four major railroads - Berkshire Hathaway's (BRK.A, BRK.B), BNSF, CSX, Union Pacific (UNP) and Norfolk Southern (NSC) - over the alleged conspiracy, seeking potentially billions of dollars in damages.
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  • Jul. 25, 2013, 10:56 AM
    Florida's Port of Tampa reopens after a train derailment early this morning caused ethanol to spill from at least three CSX (CSX -0.7%) freight cars. Nearly all ethanol in the U.S. is transported by rail, barge or truck; ironically, the only operating ethanol pipeline in the U.S. carries the fuel from Tampa to Orlando.
    | 1 Comment
  • Jul. 16, 2013, 4:17 PM
    More on CSX Corp. (CSX) Q2 earnings: Earnings of $535M up 4.5% Y/Y on about-flat revenue of $3.1B. Operating ratio of 68.6% vs. 68.7% a year ago - company reiterates goal of high 60s through 2015, mid-60s thereafter. Company expects FY2013 EPS to be flat from 2012, then growing 10-15% per year through 2015. CC tomorrow at 8:30 ET. Shares +2.7% AH. (8-K)
  • Jul. 16, 2013, 4:03 PM
    CSX (CSX): Q2 EPS of $0.52 beats by $0.05. Revenue of $3.1B beats by $0.1B. Shares +5.1% AH. (PR)
    | 1 Comment
  • Jul. 16, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: CSX, IBKR, PKG, URI, YHOO
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  • Jul. 15, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: CSX, IBKR, PKG, URI, YHOO
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  • Jul. 11, 2013, 1:51 PM
    Buckingham Research upgrades CSX Corp (CSX +1.7%) to a Buy rating with a $27 price target. Positive factors: 1) Shares are too heavily discounted over coal export issues if a long-term view is taken. 2) A recovery in the grain markets bodes well for demand. 3) The investment firm thinks CSX will increase free cash flow to $400M in 2014, while maintaining a level debt-to-equity ratio.
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  • Jul. 10, 2013, 5:13 PM
    CSX Corporation (CSX) declares $0.15/share quarterly dividend, in line with previous. Forward yield 2.51%. For shareholders of record Aug. 30. Payable Sept. 13. Ex-div Aug. 28. (PR)
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  • Jul. 9, 2013, 2:48 PM
    Railroad stocks move higher with M&A chatter in the sector picking up again and more forecasts out that supply chain managers will have a bigger incentive to move freight by train instead of trucks in the near future. Advancers: CSX +3.5%, GWR +3.3%, UNP +2.2%, NSC +1.9%, CP +1.7%.
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Company Description
CSX Corporation operates as a transportation supplier. It provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.
Sector: Services
Industry: Railroads
Country: United States