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April 16, 2014
07:31 EDTCSXCSX Q1 results 'modestly bearish,' says Bernstein
Bernstein says that CSX's Q1 EPS missed expectations, excluding one-time items. The firm thinks the company's forward results are at risk, and keeps a Market Perform rating on the stock.
News For CSX From The Last 14 Days
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April 22, 2015
05:48 EDTCSXStocks with implied volatility movement; CSX ATHX
Stocks with implied volatility movement; CSX (CSX) 40, Athersys (ATHX) 151 according to iVolatility.
April 21, 2015
19:12 EDTCSXCanadian Pacific CEO says U.S. railways due for activist pressure, Reuters says
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05:48 EDTCSXStocks with implied volatility movement; XRT CSX
Stocks with implied volatility movement; S&P Retail Index SPDR (XRT) 18, CSX (CSX) 34 according to iVolatility.
April 20, 2015
05:47 EDTCSXStocks with implied volatility movement; TWC CSX
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April 17, 2015
15:58 EDTCSXCSX May calls active
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April 16, 2015
09:19 EDTCSXCSX still preferred name in rails, says Susquehanna
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08:43 EDTCSXKoppers Holdings announces contract extensions with CSX, BNSF
Koppers, a wholly-owned subsidiary of Koppers Holdings (KOP), announced that it has agreed to contract extensions with each of its two largest railroad customers, BNSF Railway and CSX Transportation (CSX). Koppers combined revenues from BNSF and CSX accounted for approximately 40% of 2014 railroad-related sales for Koppers. The agreements extend the contracts to 2021 from the previous 2017 expirations and include commitments for Koppers to provide crossties as well as related products and services to BNSF and CSX through the respective contract periods.
April 15, 2015
08:45 EDTCSXCSX sees FY15 EPS up in mid-to-high single digits
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08:42 EDTCSXCSX sees Q2 EPS flat-to-slightly up
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08:41 EDTCSXCSX sees generally flat demand volume in Q2
Sees favorable conditions for 49% of market and favorable to unfavorable for remaining 51% during Q2. Sees Q2 fuel costs driven lower by lower cost per gallon. Sees Q2 average headcount up 3%. Sees Q2 inflation about $35M. Comments made during Q1 earnings conference call.
April 14, 2015
18:30 EDTCSXOn The Fly: After Hours Movers
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17:09 EDTCSXCSX up almost 3% after Q1 financial results, buyback and dividend increase
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16:22 EDTCSXCSX says strength in dollar has impacted metals business
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16:21 EDTCSXCSX CEO says has been building intermodal unit
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16:07 EDTCSXCSX raises dividend 13% to 18c, announces new $2B share repurchase program
The CSX board has approved an increase in the quarterly dividend and a new share repurchase program. The 13% increase in the dividend, to 18c per share, is payable on June 15 to shareholders of record at the close of business on May 29. This is the 13th increase in 10 years, representing a 26% compound annual growth rate during that time. The new, $2B share repurchase program is expected to be completed over the next 24 months. This follows the successful completion of CSX's previous repurchase plan, during which the company bought back $1B worth of shares. Since 2006, CSX has repurchased nearly $9B in shares.
16:03 EDTCSXCSX reports Q1 EPS 45c, consensus 44c
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15:34 EDTCSXNotable companies reporting after market close
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09:18 EDTCSXCSX volatility elevated into Q1 and outlook
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April 13, 2015
17:03 EDTCSXRailroad operators under pressure after Norfolk Southern guidance
Shares of railroad operators are active after Norfolk Southern (NSC) provided first quarter guidance that came in below analysts' consensus estimates. The company provided Q1 EPS guidance of $1.00, below analysts' estimates of $1.27, on revenue of $2.6B, also below analysts' estimates of $2.69B. Norfolk Southern said revenue decreases reflect reductions in fuel surcharge revenue in each of NS' three commodity groups, continued reductions in coal volumes, and a lower average revenue per unit related to the mix of business. Lower overall expenses were aided by declining fuel expense but hurt by weather and service recovery costs. PEERS: Publicly traded companies in the railroad space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), and Union Pacific (UNP). PRICE ACTION: Norfolk Southern is down 3.9%, CSX is down 2.2%, Canadian National is lower by 0.6% and Union Pacific is lower by 1.8% in after-hours trading.
14:03 EDTCSXCSX technical comments ahead of results
There is a small potential bearish flag on the daily chart that would only become active on a breakdown below $33. Downside potential for the pattern is to the $30 to $29.50 area. Additional downside would be at $28.11. If the news is better than expected, first important resistance is at $34.39 which is the 50-day moving average. Resistance above the 50-day is at $35.35, a pivot high, and then at $36.96 which is a pivot high from December 2014.
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