137.99 0.00 (0.00%)
After hours: 4:54PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||137.17 - 138.73|
|52-week range||101.06 - 143.05|
|PE ratio (TTM)||10.33|
|Earnings date||26 Apr 2018|
|Forward dividend & yield||2.92 (2.17%)|
|1y target est||147.42|
Canadian Pacific's (CP) results in Q1 are hit by bad weather. Moreover, high operating expenses as well as the consequent deterioration in the operating ratio raise a concern.
CSX first-quarter earnings crushed estimates as it kicked off earnings season for rail companies after the close Tuesday.
Union Pacific (UNP), which is a major Western US rail freight carrier, is scheduled to announce its 1Q18 earnings on April 26, 2018. This Omaha-headquartered carrier witnessed a 0.26% fall in its carload traffic in Week 14 of 2018. Union Pacific hauled ~92,100 railcars (excluding intermodal) that week, compared with ~92,300 railcars in Week 14 of 2017.
In the week ended April 7, 2018, Berkshire Hathaway–owned BNSF Railway’s (BRK.B) carload volumes jumped 8.7%. From 92,000 railcars excluding intermodal units in Week 14 of 2017, the company hauled ~100,000 units in the same week in 2018.
Earlier, we discussed Thomson Reuters–surveyed analysts’ estimates for CSX’s (CSX) 1Q18 operating margins. In this article, we’ll take a look at their earnings estimates for eastern US major railroad companies. Analysts expect CSX to achieve adjusted EPS (earnings per share) of $0.66 in 1Q18, a 29% rise on a YoY (year-over-year) basis.
Analysts expect CSX (CSX) to register an operating margin of 32.2% in 1Q18. This expectation represents a potential 1.4% expansion compared to last year’s operating margin of 30.8%. For 2018, analysts expect the company to attain an operating margin of 35.5%, indicating an expansion of 1.8% over its 2017 margin of 33.8%.
CSX (CSX), a NASDAQ-listed major eastern US rail carrier, is set to release its 1Q18 earnings after the market closes on April 17, 2018.
As is evident from its policy decisions, which include rate cuts, trade wars, and the easing of lending via the amendment of the Dodd-Frank Act, the Trump administration is pushing for domestic manufacturing. Railroads (XLI) could see improved traction and consistent growth amid improving coal and industrial output in 2018. Berkshire Hathaway’s (BRK.B) BNSF consistently grew its business in 2017 on higher operating profits aided by investments made to improve efficiency.
Zacks Industry Outlook Highlights: Norfolk Southern, CSX, Union Pacific, Canadian National Railway and Halliburton
In the week ended March 31, 2018, BNSF Railway’s (BRK.B) carload volumes rose 7.3%. The company hauled ~102,600 carloads in that week, compared with 95,700 carloads in the week ended April 1, 2017. Rival Union Pacific (UNP) saw its carload traffic fall, by 2.7%. In Week 13, NSF registered a much higher rise in carload traffic than US railroads (IYJ), which reported 2.8% growth.
The largest US Class I railroad, Union Pacific (UNP), saw its carload traffic fall 2.7% in Week 13 of 2018. The company moved ~92,000 railcars that week, compared with ~94,500 railcars in the same week last year. Whereas UNP’s carload traffic fell, rival BNSF Railway’s (BRK.B) carload traffic grew 7.3%, and US railroads (XLI) overall saw carload traffic growth.
Zacks Industry Outlook Highlights: Norfolk Southern, CSX, Kansas City, Genesee & Wyoming and Union Pacific
US Railroads: Could They See Higher Dividends in 2018? In addition to US railroads operating in an oligopolistic environment, the railroad industry is cyclical. Transportation stocks are in focus due to beneficial provisions in the Tax Cuts and Jobs Act.
On March 27, 2018, Memphis-headquartered global logistics giant FedEx announced the acquisition of P2P Mailing for ~$130 million (or 92.0 million pounds). P2P has partnership agreements with final-mile delivery partners across the world. The company’s innovative IT platform allows customers to communicate with the platform in their local language.