|Bid||0.00 x 1200|
|Ask||0.00 x 1000|
|Day's Range||147.23 - 148.35|
|52 Week Range||128.54 - 158.32|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
In April, Genesee & Wyoming’s (GWR) Australian railcar traffic fell 8.1% YoY (year-over-year). The company hauled ~61,000 carloads in that month compared to a little less than 55,400 railcars in April 2017.
Genesee & Wyoming (GWR) is the largest short line carrier in the US and Canada with operations in the US, Canada, UK/Europe, and parts of Australia. Though it’s not a Class I railroad, it is often compared with US Class I railroads.
Analysts have a consensus target price for 3M of $213.8, implying a potential return of 5.9% over the closing price of $202.41 as of May 15. After its 1Q18 earnings, the target price for 3M has fallen 10%, indicating that analysts have a conservative view on the stock.
In Week 18, major eastern US rail carrier CSX’s (CSX) carload traffic fell marginally YoY (year-over-year), by 0.22% to ~69,400 units from ~69,500. Throughout much of 2018, the Florida-based rail giant has reported YoY railcar traffic decline, though it seems to be getting back on track. In contrast, rival Norfolk Southern’s (NSC) carload traffic grew 10.2% in Week 18, and US railroads’ grew 6.4%.
On April 30, Boeing (BA), the world’s largest aerospace company, declared a quarterly cash dividend of $1.71 per share on its outstanding common stock. Quarterly dividend payments assume an important place in Boeing’s capital allocation framework.
The 163,000 jobs created in April was just a tad below the 195,000 expected, and not too strong to allow bears to claim the Fed was going to get more aggressive raising rates. Global growth is not slowing dramatically, first quarter GDP weakness in the U.S. is typical, inflation is under control and earnings growth is continuing. Bulls have regained some control of the narrative — for the moment.
The Industrial Select Sector SPDR (XLI) , the largest exchange traded fund tracking industrial stocks, and rival industrial ETFs are lagging broader equity indexes in significant fashion. For example, XLI entered Wednesday with a year-to-date loss of 4.6% while the S&P 500 was lower by just 0.3%. Some big-name industrial stocks have been slammed on fears of an escalating trade war between the U.S. and China, the world’s two largest economies.
On May 1, Boeing (BA) announced an agreement to acquire aerospace parts distributor KLX (KLXI) for $3.2 billion in cash. The deal includes the acquisition of KLX Aerospace Solutions, which is the company’s primary business. KLX also has an energy services business that Boeing didn’t purchase. On April 27, the Wall Street Journal broke the story, reporting that Boeing was inching closer to buying KLX.
The Industrial Select Sector SPDR (NYSEArca: XLI), the largest exchange traded fund tracking industrial stocks, is down about 3% year-to-date while the S&P 500 is modestly higher. That may not seem like ...
Canada’s largest railroad, Canadian National Railway (CNI), recorded carload traffic growth in Week 16. The railroad’s railcar traffic excluding intermodal rose 2.9% YoY (year-over-year) to 64,400 units from ~62,900. In comparison, rival Canadian Pacific Railway (CP) registered a 3.8% carload loss in Week 16. Whereas CNI’s carload gains were in line with US railroads’, they contrasted with the losses reported by Canadian railroads in Week 16.
In the previous parts of this series, we analyzed whether XPO Logistics (XPO) will be able to meet consensus revenue and margin estimates in 1Q18. In this part, let’s see whether it can exceed Thomson Reuters–surveyed analysts’ earnings estimates.
In the week ended April 21, or Week 16, Berkshire Hathaway–owned BNSF Railway’s (BRK.B) carload volumes rose 10.6% YoY (year-over-year) to ~99,500 railcars from ~90,000. In comparison, rival Union Pacific’s (UNP) carload volumes rose 0.6% YoY. BNSF more than tripled US railroads’ (IYJ) carload volume expansion of 3.5% that week.
3M’s (MMM) Health Care segment accounted for 18.5% of revenues in 1Q18 compared to 18.7% in 1Q17, which implies that the segment’s contribution to 3M’s total revenue fell 0.2 percentage points year-over-year. The segment reported revenue of $1.5 billion in 1Q18 compared to $1.4 billion in 1Q17, implying revenue growth of 7.1% on a year-over-year basis.
In this article, we’ll take a look at analysts’ earnings estimates for C.H. Robinson Worldwide (CHRW) ahead of 1Q18 earnings. Analysts expect CHRW to report EPS (earnings per share) of $1.01 in the first quarter of 2018, which indicates expected growth of 17% YoY (year-over-year.) For 2018 overall, Wall Street expects C.H. Robinson Worldwide to report EPS of $4.51 per share, reflecting growth of 34.5% YoY.
What Do March Leading Indicators Signal for the US Economy? The US Census Bureau publishes a monthly report that tracks new orders for machinery, tools, and equipment for US industries. Non-defense core capital goods exclude aircraft and defense purchases and are a proxy for spending by industries.
What Do March Leading Indicators Signal for the US Economy? The Conference Board uses the average weekly unemployment claims as a constituent of its Leading Economic Index (or LEI). The FOMC’s monetary policy decisions are partly based on the health of the US employment market.
The top line for rail freight companies depends on their volume growth and pricing ability. Genesee & Wyoming (GWR) is a non-Class I US railroad (IYJ). It’s the largest short line US carrier in the United States and Canada with operations also in the United Kingdom, Europe, and parts of Australia.
In this part, we’ll discuss analysts’ estimates for Boeing’s (BA) 1Q18 revenue. Analysts now expect Boeing’s revenue to be $22.1 billion, after revising their estimate upward by $300.0 million. In fiscal 2018, they anticipate the company to report revenue of $97.1 billion, 4% higher than Boeing’s 2017 revenue of $93.3 billion.
CSX (CSX) is tracked by 26 analysts surveyed by Thomson Reuters. It has a consensus rating of 2.2, indicating a “buy.” Six analysts (23.1%) have recommended a “strong buy” for the stock, and ten (38.5%) have recommended a “buy.” Eight analysts (30.8%) have given the stock a “hold” rating. After its 1Q18 earnings, there are still two analysts who are recommending a “sell.”
Since the 4Q17 earnings report, the number of analysts tracking 3M (MMM) has increased to 15 from 14. Analysts’ consensus indicates a target price of $237.92, which implies a return potential of 8.1% over the closing price as of April 17, 2018. Analysts’ consensus target price for 3M has decreased from $246.7 to the current price in three months, which indicates that analysts are a little conservative on the stock.
In a press release, 3M (MMM) said that it plans to announce its 1Q18 earnings on April 24, 2018, before the market opens. Management will hold a conference the same day to discuss the earnings.
On April 13, 2018, General Electric (GE) filed an 8-K form with the Securities and Exchange Commission. As per this form, the company adjusted its revenue recognition according to the new rules set by the Financial Accounting Standards Board. Prior to this change, the company’s accounting practices didn’t have a provision for a contract’s being canceled.
A series of financial miscalculations have marred General Electric (GE) stock recently. Among all major industrial (IYJ) companies, GE still evokes the highest levels of investor anxiety. Industrial majors Koninklijke Philips (PHG), 3M Company (MMM), United Technologies (UTX), Honeywell International (HON), and Boeing (BA) have lower dividend yields compared to GE.
The number of analysts tracking Honeywell (HON) has varied between 19 to 21. Of the 20 analysts currently tracking HON, 75% have recommended “buy” and 25% have recommended “hold.” There have been no “sell” recommendations.