Here's Why Investors Should Hold on to CSX Stock for Now [Yahoo! Finance]
CSX Corporation (CSX)
Last csx corporation earnings: 4/22 04:02 pm
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US:NYSE Investor Relations:
csx.com/index.cfm/investors/news-releases
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Source: Yahoo! Finance
The company is actively working to preserve shareholders' capital while lowering costs. However, CSX is grappling with major headwinds like supply-chain disruptions and high capex, which are adversely impacting its bottom line. Factors Favoring CSX High export coal volumes, increased domestic intermodal shipments and growth in other segments alongside pricing gains are boosting CSX's top line. In 2023, coal volumes rose by 3% due to strong export demand, and this trend continued into the first quarter of 2024. We expect a 1.6% increase in coal volumes in the second quarter of 2024 compared to the same period in 2023. High export coal prices and fuel surcharge revenues are expected to further bolster the top line in the near term. CSX is actively working to preserve shareholders' capital while lowering costs. In February 2024, the company announced a 9.1% increase in its quarterly dividend to 12 cents per share. CSX has been consistently rewarding its shareholders through dividen
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CSX
News
- CSX Co. (NASDAQ: CSX) had its price target lowered by analysts at Susquehanna from $44.00 to $40.00. They now have a "positive" rating on the stock.MarketBeat
- Is CSX Corporation (CSX) One of the Best Logistics Stocks to Buy Right Now? [Yahoo! Finance]Yahoo! Finance
- Did CSX Corporation (CSX) Soar Despite Dealing with High Coal Costs and Tough Port Situations? [Yahoo! Finance]Yahoo! Finance
- CSX Co. (NASDAQ: CSX) is now covered by analysts at Wells Fargo & Company. They set an "equal weight" rating and a $35.00 price target on the stock.MarketBeat
- CSX Named One of America’s 2024 Climate Leaders by USA TODAYGlobeNewswire
CSX
Earnings
- 4/17/24 - Beat
CSX
Sec Filings
- 6/20/24 - Form 11-K
- 6/20/24 - Form 11-K
- 6/18/24 - Form 4
- CSX's page on the SEC website