Thu, Aug. 27, 3:58 PM
- Kansas City Southern (KSU +3.9%) is upgraded to Hold from Sell at Stifel, believing the stock has been sufficiently beaten down and is now fully valued.
- The firm says its previous rating had been based on poor company guidance related to overly optimistic expectations in oil, auto and intermodal, but the story has fully played out and KSU eventually could become "interesting" as those stories turn around.
- Railroads are broadly higher today: CSX +4.9%, NSC +5.1%, UNP +3.2%, GWR +6.6%, CNI +3.1%, CP +5.5%.
- Earlier: Stifel Nicolaus sees upside for CSX
Tue, Jul. 14, 4:08 PM
- CSX Corporation (NYSE:CSX) reports it struck an all-time high operating ratio of 66.8% in Q2.
- Volume was down 1% during the period.
- The company was able to lower expenses by 9% to help offset the 6% drop in revenue.
- Guidance: CSX expects domestic coal revenue to fall 10% this year. Margins are seen rising as a full-year mid-60s operating ratio is targeted.
- CSX +3.37% after hours.
Tue, Jul. 14, 4:07 PM
Thu, May 14, 10:04 AM
- Railroad stocks are tilting lower after Kansas City Southern pulls its 2015 guidance at an investor conference.
- Investors are taking a cautious approach to Union Pacific (UNP -0.3%), Genesee & Wyoming (GWR -2.2%), Norfolk Southern (NSC -0.6%), CSX Corporation (CSX -0.1%), Canadian National Railway (CNI -0.5%), and Canadian Pacific (CP -0.3%) off the warning from Kansas Southern.
- Safety concerns also continue to linger in the sector which is seen as a development that could put some pressure on spending and investments.
- Previously: Kansas City Southern -3% after pulling guidance
Mon, May 4, 1:08 PM| Mon, May 4, 1:08 PM | 5 Comments
Tue, Apr. 14, 5:36 PM
Tue, Apr. 14, 4:13 PM
- CSX (NYSE:CSX) reports it grew operating income by 14% in Q1 as growth across markets offset the impact of a strong U.S. dollar and lower fuel recoveries.
- Total merchandise volume was up 2% during the quarter to 690K units.
- Coal volume -1% to 289K units.
- Intermodal volume +1% to 655K units.
- Operating ratio +330 bps to 72.2%.
- A new $2B share repurchase program has been approved.
- Previously: CSX beats by $0.01, misses on revenue
- CSX +4.3% after hours.
Tue, Apr. 14, 4:03 PM
Mon, Apr. 13, 5:39 PM
Mon, Mar. 23, 10:02 AM
- Weak guidance from Kansas City Southern is taking down some peers on fears of a drop in energy segment revenue.
- There is also concern in the sector on tighter regulations after an increase in accidents.
- Previously: Kansas City Southern lowers 2015 revenue outlook (Mar. 23 2015)
- Decliners: Union Pacific (NYSE:UNP) -2.0%, Norfolk Southern (NYSE:NSC) -1.1%, Genesee & Wyoming (NYSE:GWR) -1.0%, CSX (NYSE:CSX) -1.2%, Canadian Pacific (NYSE:CP) -1.4%, Canadian National Railway (NYSE:CRI) -1.0%.
Tue, Jan. 13, 4:48 PM
- CSX (NYSE:CSX) says it saw strong growth rates for coal, intermodal, and merchandise in Q4.
- The quarter was strong enough to propel CSX to all-time annual revenue mark of $12.7B.
- Operating ratio +140 bps to 71.8% in Q4.
- Guidance: CSX expects double-digit EPS and margin expansion in 2015.
- CSX +1.01% after-hours.
- Previously: CSX EPS in-line, beats on revenue
Dec. 8, 2014, 3:20 PM
- Another tough day for railroad stocks as oil prices slide again.
- There's been some brave talk that the railroad sector has already seen the developments in the oil industry factored into share prices, but today's action indicates concerns on crude transport is still a concern.
- Decliners: Canadian Pacific (NYSE:CP) -5.5%, Canadian National Railway (NYSE:CNI) -1.7%, Genesee & Wyoming (NYSE:GWR) -2.9%, Kansas City Southern (NYSE:KSU) -2.7%, Union Pacific (NYSE:UNP) -3.1%, CSX Corporation (NYSE:CSX) -2.8%, Norfolk Southern (NYSE:NSC) -3.5%, Pioneer Railcorp (OTCPK:PRRR) -4.3%.
Dec. 4, 2014, 8:58 AM
Nov. 28, 2014, 12:05 PM
Nov. 21, 2014, 5:38 PM
Nov. 7, 2014, 8:46 AM
- Norfolk Southern (NYSE:NSC) +3.5% premarket after Bill Ackman said Canadian Pacific Railway (NYSE:CP) might be interested in a rival to one-time target CSX.
- While Ackman did not name NSC in his comments yesterday, he appeared to have the company in mind by describing his takeover candidate in relation to CSX, as the two carriers go head-to-head in the U.S. east of the Mississippi River.
- “I think something happens,” Ackman said, noting that CP CEO Hunter Harrison believes "pro-competitive" railroad mergers will be permitted by regulators.
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