CSX Corporation’s (CSX - Free Report) executive vice president and chief financial officer (CFO), Frank A. Lonegro, has quit the organization after having served for 19 years. He was promoted to the position of CFO in 2015. Meanwhile, the company is on the lookout for a new CFO and appointed Kevin Boone as the interim CFO.
CSX’s interim CFO joined the company in September 2017 as vice president of corporate affairs and chief investor relations officer. Prior to his appointment as the interim CFO, he held the post of vice president, marketing and strategy, leading a marketing team with an agenda to identify and advance growth strategies of top priority.
Jim Foote, CSX’s president and chief executive officer, lauded Lonegro for his contributions to the company on the operational front as well as for boosting investor confidence by adding significant shareholder value.
As part of the company’s efforts to reward shareholders, CSX announced a 9.1% dividend hike to 24 cents per share in February. Moreover, in January, the company’s board cleared a new $5-billion share buyback program following early completion of the previous one. During the first quarter, the company returned $1 billion to shareholders through dividends ($200 million) and repurchases ($800 million).
Zacks Rank & Other Key Picks
CSX carries a Zacks Rank #2 (Buy). Some other stocks worth considering in the broader Transportation sector are SkyWest, Inc. (SKYW - Free Report) , GATX Corporation (GATX - Free Report) and Trinity Industries, Inc. (TRN - Free Report) , each carrying a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of SkyWest have surged more than 34% so far this year. Meanwhile, both GATX and Trinity flaunt an encouraging earnings history. While GATX outperformed the Zacks Consensus Estimate in each of the trailing four quarters, Trinity surpassed estimates in three of the preceding four quarters.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
CSX Corporation’s (CSX - Free Report) executive vice president and chief financial officer (CFO), Frank A. Lonegro, has quit the organization after having served for 19 years. He was promoted to the position of CFO in 2015. Meanwhile, the company is on the lookout for a new CFO and appointed Kevin Boone as the interim CFO.
CSX’s interim CFO joined the company in September 2017 as vice president of corporate affairs and chief investor relations officer. Prior to his appointment as the interim CFO, he held the post of vice president, marketing and strategy, leading a marketing team with an agenda to identify and advance growth strategies of top priority.
Jim Foote, CSX’s president and chief executive officer, lauded Lonegro for his contributions to the company on the operational front as well as for boosting investor confidence by adding significant shareholder value.
As part of the company’s efforts to reward shareholders, CSX announced a 9.1% dividend hike to 24 cents per share in February. Moreover, in January, the company’s board cleared a new $5-billion share buyback program following early completion of the previous one. During the first quarter, the company returned $1 billion to shareholders through dividends ($200 million) and repurchases ($800 million).
Zacks Rank & Other Key Picks
CSX carries a Zacks Rank #2 (Buy). Some other stocks worth considering in the broader Transportation sector are SkyWest, Inc. (SKYW - Free Report) , GATX Corporation (GATX - Free Report) and Trinity Industries, Inc. (TRN - Free Report) , each carrying a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of SkyWest have surged more than 34% so far this year. Meanwhile, both GATX and Trinity flaunt an encouraging earnings history. While GATX outperformed the Zacks Consensus Estimate in each of the trailing four quarters, Trinity surpassed estimates in three of the preceding four quarters.
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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