CSX, a rail transportation company, said it continues to expect double digit earnings growth for 2015, though said achieving that target may be more of a challenge because of an expected decline in coal movements.
Chief Financial Officer Fredrik Eliasson told the JP Morgan Aviation, Transportation and Industrials Conference in New York Wednesday that domestic coal volume is likely to decline at least 5% in 2015.
He also noted that as oil prices remain low, the company expects growth in crude oil shipments to be more moderate than originally expected.
The company posted earnings per share of $1.92 in 2014 on revenue of $12.9 billion. Analysts are expecting EPS of $2.15 in 2015.The shares are down 0.8% in early trading at $33.84 with a 52-week range of $27.14 – $37.99.