Post-Earnings Expert Review - CSX Corp.

LONDON, October 15, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings review on CSX Corp. (NYSE: CSX). On October 14, 2014, the company reported its financial results for Q3 FY14 (period ended September 26, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on CSX Corp. CSX Corp. reported record third-quarter results for revenue, operating income, net earnings and EPS. Net revenues and net earnings grew 8% and 12%, respectively on a Y-o-Y basis and diluted EPS increased $0.06 from the preceding year quarter. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

During Q3 FY14, CSX Corp. reported net revenues of $3,221 million, compared to $2,985 million in the same period last year. The company's net revenues during the reported quarter outperformed Bloomberg analysts' forecast of $3,147 million. The increase in the revenues during Q3 FY14 reflects the company's ability to leverage the continued economic momentum that is driving strength across nearly all markets where it serves, coupled with secular growth trends in the intermodal and energy markets, the company noted. Further, with the high level of demand and operations that remained stable, the company's operating income for Q3 FY14 increased 16% to $976 million, from $840 million in the prior year's third quarter. Operating ratio for Q3 FY14 stood at 69.7%, compared to 71.9% in the corresponding quarter last year. The free research on CSX can be downloaded as in PDF format at:

www.Investor-Edge.com/CSXFreeReport

CSX Corp.'s net income broadened to $509 million, or $0.51 per diluted share in Q3 FY14, from $455 million, or $0.45 per diluted share in the same quarter last year. Analysts from Bloomberg had expected the company to report net income of $473 million, or $0.48 per diluted share in Q3 FY14. The increased performance in net earnings during Q3 FY14 was supported by volume increases of 7%, with broad-based growth across nearly all markets CSX serves.

Michael J. Ward, President, Chairman and CEO of CSX Corp., stated that as the economy continues to expand, the company's record Q3 results are built on the foundation of CSX's network reach, sustainable growth opportunities, and the efforts of its 31,000 employees. He further said that the company is focused on the execution of its core strategy, which means enhancing its ability to grow faster than the economy, price above inflation, make strategic investments and produce ever more efficient operations to continue delivering superior shareholder value. Visit Investor-Edge and access the latest research on CSX at:

www.Investor-Edge.com/CSXEarningsCoverage

CSX Corp. anticipates that for fiscal year 2015, it would uphold a double-digit earnings growth and margin expansion, on the strength of its recent performance, and for the long-term it will continue to target a mid-60s operating ratio.

Stock Performance 

On the last close, Monday, October 14, 2014, CSX Corp.'s stock finished at $32.61, gaining 2.87% for the day. The stock vacillated between $31.78 and $32.99 during the session. A total of 19.06 million shares were traded, which was much above its three months average volume of 6.36 million shares. Over the previous three trading sessions and last one month, the company's shares have gone up 6.12% and 4.22%, respectively. Also, the stock has surged 13.35% from the beginning of 2014. Shares in CSX Corp. are trading above their 50-day and 200-day moving averages of $31.02 and $29.42, respectively. Furthermore, the stock traded at a PE ratio of 17.53 and has a Relative Strength Index (RSI) of 52.31. Sign up and read the free analyst's notes on CSX at:

www.Investor-Edge.com/CSX-15102014

Sneak Peek to Corporate Insider Trading 

In the last one month, there were seven insider transactions made by six individuals. On September 15, 2014, Oscar Munoz, EVP and COO of CSX, sold 37,500 shares of the company at a price of $31.50 per share. On the same day, John B. Breaux and John D. McPherson, Directors at CSX Corp., bought 674 and 595 shares of the company, respectively at a price of $31.49 per share, along with other directors, Timothy T. O'Toole, David M. Ratcliffe, and Donald J. Shepard, who purchased 595, 674 and 754 shares of the company, respectively, also at a price of $31.49 per share. Additionally, on September 17, 2014, Oscar Munoz disposed 37,500 shares of the company at $32.00 per share. Complimentary in-depth research on CSX is available at:

www.Investor-Edge.com/CSXInsiderTrading

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