Why a Majority of Analysts Advise a ‘Buy’ on CSX
Of the 29 analysts covering CSX, seven have issued a “strong buy,” 11 advise a “buy,” and ten analysts suggest a “hold” on the stock. Only one analyst issued a “sell” opinion on CSX stock.
The revenues for CSX’s Intermodal segment rose to $434.0 million in 1Q17, up 7% from $405.0 million in 1Q16.
Revenues from CSX’s Merchandise segment rose 6% to $1.8 billion in 1Q17 against $1.7 billion on a year-over-year basis.
In the first quarter of 2017, CSX’s (CSX) operating income rose 1.1% to $712.0 million from $704.0 million in 1Q16.
CSX’s coal volumes rose to 205,000 units in 1Q17, up 3% from 200,000 units in 1Q16.
Eastern US freight rail giant CSX (CSX) reported its 1Q17 earnings on April 19, 2017. CSX surprised the market with adjusted earnings per share of $0.51.
In 1Q17, UnitedHealth Group’s (UNH) Optum business reported $21.2 billion in revenues, which represents year-over-year growth of around 7.9%.
In 1Q17, UnitedHealth Group’s (UNH) UnitedHealthcare business witnessed a 2.5 million year-over-year increase in customers.
In 1Q17, UnitedHealth Group (UNH) witnessed a year-over-year increase of 70 basis points in its medical care ratio.
In 1Q17, UnitedHealth Group’s (UNH) OptumHealth segment served 6 million more people on a year-over-year basis.
UnitedHealth Group (UNH) posted its 1Q17 earnings on April 18, 2017. During the quarter, UNH reported revenues of ~$48.5 billion, which represents year-over-year growth of ~9.4%.
FirstEnergy (FE) is trading at an EV-to-EBITDA ratio of 7.8x, while the industry average is near 10x.
On April 20, 2017, FirstEnergy’s (FE) implied volatility was 20.6%, higher than its 15-day average implied volatility.
The EIA expects electricity prices to rise 2.6% in 2017 compared to 2016.
FirstEnergy (FE) is estimated to report earnings of $0.74 per share for the quarter ended March 31, 2017. For 1Q16, FirstEnergy reported earnings of $0.80 per share.
Hybrid utility FirstEnergy (FE) is expected to report its 1Q17 financial results on April 27, 2017. FE is forecast to report total revenues of ~$3.8 billion, slightly down from its 1Q16 revenues of ~$3.9 billion.
Of the 18 analysts covering 3M, 44% of the analysts recommended the stock as a “buy,” while 39% of the analysts recommended the stock as a “hold.”
As of April 20, 2017, Wall Street analysts expect 3M (MMM) to post EPS of $2.06 in 1Q17, as compared to $2.05 in 1Q16—an increase of 0.50% YoY.
As of April 20, 2017, analysts expect 3M to post revenues of $7.47 billion in 1Q17, as compared to $7.41 billion in 1Q16—a rise of 0.8% over the previous year.
Minnesota-based 3M (MMM) is set to announce its 1Q17 earnings on April 25, 2017, before the market opens.