|Bid||158.85 x 800|
|Ask||158.92 x 900|
|Day's Range||158.27 - 159.47|
|52 Week Range||137.17 - 159.47|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.43%|
Also, the company announced that Resideo would trade under the “REZI” symbol on the New York Stock Exchange. Honeywell announced the chief financial officer for Resideo along with eight board of directors including Mike Nefkens, who will be president and CEO of the intended REZI spin-off.
In the first quarter, General Electric seemed confident about achieving the industrial free cash flow target of $6.0 billion to $7.0 billion in 2018. On the second quarter earnings call, the Boston-headquartered industrial giant announced it would cut its free cash flow guidance to $6.0 billion. Moody’s senior credit officer, Rene Lipsch, said, “GE’s revised free cash flow guidance of about $6 billion is broadly in line with our expectation for 2018, but underlines that GE is only at the outset of a multi-year effort to improve its fundamental financial performance.
Of the 24 analysts covering J.B. Hunt Transport Services (JBHT) stock, seven recommend a “strong buy,” and five recommend a “buy.” Eleven analysts recommend a “hold,” and one analyst recommends a “sell.” Their target price of $134.15 per share was 9% higher than the September 5 closing price of $123.07. JBHT’s spectacular growth across all its business segments in the second quarter could be the key to the stock’s upward path going forward.
In this part, we’ll examine the YoY (year-over-year) changes in their second-quarter adjusted earnings. A quick look at the above graph shows that all the major US truckload carriers posted huge gains in their second-quarter adjusted EPS. Werner Enterprises (WERN) reported a whopping 90.6% YoY growth in its second-quarter earnings.
For assessing shipping activity among truckers, the Truck Tonnage Index (reported by the American Trucking Associations) offers a meaningful measure. The ATA’s (American Trucking Associations) advanced seasonally adjusted for-hire Truck Tonnage Index rose 1.9% in July after falling 0.5% in June. The ATA revised the June decrease from the originally reported 0.4% to 0.5%.
The number of analysts tracking 3M (MMM) increased to 16—compared to 14 three months ago. For 3M, 25% of the analysts recommended a “buy,” 50% recommended a “hold,” and 25% recommended a “sell.”
C.H. Robinson Worldwide’s (CHRW) quarterly cash dividend of $0.46 per share translates into $1.84 per share on a yearly basis. In the last four quarters ended in the second quarter, the trucker’s (IYJ) adjusted EPS stood at $3.85, which implies a dividend payout ratio of 48.0%.
Genesee & Wyoming (GWR) has a consensus recommendation of 2.21, reflecting a “buy” for the stock. Thomson Reuters–surveyed analysts have set a mean target price of $88.85 for GWR stock. Based on the closing stock price of $88.64 on August 15, it translates to a negligible return potential.
North America contributes 60%–65% to Genesee & Wyoming’s (GWR) total revenue, followed by the UK-European region and Australian operations. The company’s overall railcar volumes from its same railroad operations expanded 6.8% YoY (year-over-year) to ~284,800 railcars in July, from ~266,700 in the same month of 2017. GWR sold its ERS business in the UK-European operations in June. Those operations contributed 10,450 carloads in July 2017.
On August 20, Kansas City Southern (KSU) stock closed at $116.63, up 1.1% from its previous day’s close of $115.36. The company’s 52-week high was $117.9 per share on the day, and its 52-week low was $99.47. Although KSU’s second-quarter results came in according to market expectations, the company’s revised guidance of lower volumes in 2018 wasn’t received well by the market.
In Week 32, Eastern US railroad Norfolk Southern’s (NSC) carload traffic reported a marginal decline of 0.4% YoY (year-over-year). In that week, the railroad moved ~69,600 railcars excluding intermodal units, which were slightly down from the levels in Week 32 of 2017.
In the previous part, we analyzed Berkshire Hathaway’s (BRK.B) BNSF (Burlington Northern Santa Fe) revenues. In this part, we’ll discuss the Consumer Products segment. In the second quarter, the Consumer Products segment’s revenues increased $237.0 million or 13.6% to $1.9 billion from $1.7 billion in the second quarter of 2017.
Berkshire Hathaway’s (BRK.B) privately owned BNSF (Burlington Northern Santa Fe) is the largest Class I railroad in the United States. On August 7, BNSF filed a 10Q with the SEC for the quarter ending on June 30. BNSF operates the largest rail network in North America through its wholly owned subsidiary—BNSF Railway Company.
A majority of analysts polled by Thomson Reuters favor a “hold” for Expeditors International of Washington (EXPD). Of the 14 analysts covering the stock, ten analysts have recommended a “hold” for the stock. The company has a consensus rating of 3.21, indicating a “hold.” It has a 12-month price target of $70.
The second-quarter earnings season for major US road transporters culminated with Expeditors International of Washington’s (EXPD) results before the market opened on August 7. The third-party logistics giant beat Thomson Reuters–surveyed analysts’ adjusted EPS estimate of $0.78 by $0.01. Its adjusted EPS of $0.79 rose 31.7% YoY (year-over-year) from $0.60 in Q2 2017.
Canadian Pacific Railway (CP) reported 5.7% YoY (year-over-year) growth in carload traffic. The railroad hauled ~31,900 railcars excluding intermodal units in Week 30, compared to ~30,200 units in the comparable period of 2017.
In Week 30, Kansas City Southern (KSU), the smallest US Class I railroad, posted the second-highest weekly gains in total rail traffic. The company’s 6.2% YoY (year-over-year) gain in the week was just behind Canadian Pacific Railway’s (CP) 6.4% gain.
In Week 30, Eastern US major railroad Norfolk Southern (NSC) ranked third based on that week’s total railcar volume gains. The railroad witnessed 5.6% YoY (year-over-year) growth in Week 30, ranking below Kansas City Southern (KSU) and Canadian Pacific (CP) with 6.2% and 6.4% gains, respectively, in that week.
On August 1, the AAR (Association of American Railroads) released the freight data for Week 30, which ended on July 28. The results are divided into carload traffic and intermodal units, which are expressed in containers and truck trailers.
In Week 29, Canada’s largest freight rail company, Canadian National Railway (CNI), posted a 5.7% YoY (year-over-year) carload traffic gain. The company hauled 62,700 railcars excluding intermodal units in the week compared to 59,300 railcars in the comparable week of the previous year. CNI’s overall traffic reported a 4.4% YoY rise in the week, whereas US railroads posted a rise of 4.9% YoY.
Kansas City Southern (KSU), the smallest US Class I railroad company, reported the lowest weekly gains in total rail traffic in Week 29. The company’s 2.2% YoY (year-over-year) gain in the week was the lowest among the gains posted by all Class I railroad companies.
Eastern US rail giant Norfolk Southern (NSC) remained the top performer in terms of Week 29 overall railcar volume gains. The company reported 8.9% YoY growth in Week 29, the highest among the gains registered by all US Class I railroad companies.
Canadian Pacific Railway (CP), Canada’s number-two rail carrier, posted a 7.6% YoY (year-over-year) rise in carload traffic. The railroad company moved ~31,500 railcars sans intermodal units in Week 29 compared to ~29,300 units in the same period last year.
On July 25, the AAR (Association of American Railroads) published the rail freight data for Week 29, which ended on July 21. Twelve major North American railroad companies submit their weekly freight volume numbers to the AAR. The data are divided into carload traffic and intermodal volumes.
Cummins (CMI) announced its second-quarter earnings today before the markets opened. With its adjusted EPS of $3.32, Cummins registered 31.2% YoY (year-over-year) growth. It reported EPS of $2.53 in Q2 2017.