19.77 0.00 (0.00%)
After hours: 4:28PM EDT
|Bid||19.76 x 1100|
|Ask||19.77 x 900|
|Day's Range||19.57 - 19.95|
|52 Week Range||16.10 - 28.33|
|Beta (3Y Monthly)||1.61|
|PE Ratio (TTM)||22.52|
|Forward Dividend & Yield||0.68 (3.36%)|
|1y Target Est||N/A|
Trinity Industries (TRN) is one of the largest producers of railroad cars, with roughly 36% share of the North American new-build market; the company is also one of the largest railcar lessors, with a fleet of over 124,000 cars., explains George Putnam, editor of The Turnaround Letter.
The current president and CEO of Dallas-based Trinity Industries plans to retire, and the company is considering both internal and external candidates for his successor.
Trinity Industries (NYSE: TRN) announced that Chief Executive Officer and President Timothy R. Wallace plans to retire as soon as a replacement is found. "It has been my honor and privilege to be a part of this great company for the past 44 years and lead it for the past 20," said Wallace. Wallace will remain in the role until a successor is named.
Trinity Industries (TRN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
It's fair to say that over the past month, CSX (NASDAQ:CSX) has come off the rails. During the past month, CSX stock sunk as the transportation giant reported miserable second-quarter numbers in mid-July.Source: Shutterstock Revenues missed expectations by a wide margin, the biggest miss since early 2016. Earnings also missed expectations by the widest margin in the past five years. More important, the full-year guide was cut sharply to well-below consensus levels.Ever since, CSX stock has dropped nearly 20%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSome contrarian investors might see this big drop in CSX as an opportunity to buy into a company that ostensibly seems very stable. But, while I love to play the contrarian, I don't think buying the dip in CSX here is the right move. * 7 Safe Dividend Stocks for Investors to Buy Right Now The reality is that CSX stock has come off the rails, and there's no reason to step in the way of this "off the rails" train just yet. The fundamentals are weak and will likely get worse before they get better. The optics are ugly and won't improve anytime soon. Meanwhile, the analyst community is growing increasingly bearish and won't provide any support; neither will the technicals, since CSX has blown through pretty much all of its important technical and psychological levels.In sum, then, there's no reason to step in the way of this sell-off just yet. Instead, the smart move here is let this sell-off play out, and then buy the dip once the fundamentals, optics, and technicals become more supportive of a rebound rally. The Rail Industry Is off the RailsThe 20% plunge in CSX stock over the past month is not unique to this specific company. Instead, it is part of a more wide-sweeping sell-off across the entire rail industry.Alongside CSX, peer rail transport companies Norfolk Southern (NYSE:NSC), Union Pacific (NYSE:UNP), and Trinity (NYSE:TRN) all reported Q2 revenue misses with sluggish volume growth. All four stocks have fallen 8% or more over the past month.Under the hood, the trade war is having a materially negative impact on the U.S. manufacturing sector. When the manufacturing sector slows, demand for rail transport slows, too, since companies are responding by transporting less volume, less frequently.When volumes drop, margins take a hit because costs aren't coming out of the system as quickly as volumes are dropping. Further, this pain may just be beginning. The trade war has escalated over the past few weeks, and as it has, it's become increasingly clear that elevated trade tensions and slowing manufacturing activity are here to stay for the foreseeable future.As such, the outlook for CSX and the entire rail industry over the next several months is sluggish volume growth alongside potential margin compression. That's a losing combo. No Reason to Buy the Dip YetAt some point, this dip in CSX becomes a compelling buying opportunity, since CSX is a stable company with healthy long term growth prospects.But, that point isn't here yet. Instead, at the current moment, there's very little reason to step in the way of this CSX stock sell-off.First, as outlined above, rail industry fundamentals aren't good now, nor do they project to improve anytime soon given trade war escalation. Second, CSX isn't a standout in this industry. Instead, they've been hit like everyone else during this rail slowdown, reporting negative revenue growth last quarter.Third, the optics here are bad. Investors quite simply do not want trade war exposure at the current moment. CSX stock has a ton of trade war exposure. As such, it is unlikely that investors will be attracted to the stock anytime soon.Further, analysts are cutting estimates and the number of Buy recommendations on the stock has dropped from 11 at the beginning of the year, to five today, according to YCharts. Thus, there isn't much support from the analyst community, either, and without that support, investors likely aren't inclined to buy the dip in bulk.Fourth, the technicals are broken. During this most recent sell-off, CSX blew through its 20-day, 50-day, and 200-day moving averages without any regard for those technical support levels. The next psychological level of support comes in at $65, where the stock has shown resilience before. Until the stock does show support there, there's little reason to believe that there's much technical support in this stock anywhere.Overall, there's simply very little reason to step in the way of this sell-off today. It increasingly appears that there's more pain ahead for CSX. Investors should only buy the dip once it appears that the worst has passed. Bottom Line on CSX StockThings are bad at CSX right now. The unfortunate reality is that things will probably get worse before they get better. That means that the recent 20% plunge in CSX stock isn't an opportunity. Instead, the stock will likely sell-off more before it bottoms.As such, now isn't the time to buy the dip in CSX stock. Rather, it's time to steer clear.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post Run Away from CSX Stock as It Comes Way off the Rails appeared first on InvestorPlace.
Despite uncertain economic conditions, Trinity Industries (NYSE: TRN) expects rail volumes to improve in the second half of the year, based on "healthy" inquiry levels for its railcars, company leaders said during TRN's second quarter earnings call on July 25. Railcar "orders are lumpy, and there was a lot of uncertainty this quarter that we think causes pauses, whether it be global trade tariffs, the threat of tariffs on Mexico, interest rates – everything in between," said Eric Marchetto, TRN senior vice president and TrinityRail Group vice president. Trinity leases and manufactures railcars.
Total company revenue for Trinity Industries (NYSE: TRN ) grew 16 percent to $736 million in the second quarter amid revenue gains for its rail product group. Operating profit for the railcar lessor and ...
Trinity Industries (TRN) delivered earnings and revenue surprises of -6.45% and 5.87%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
For many, the main point of investing is to generate higher returns than the overall market. But every investor is...
Trinity Industries (TRN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
1. (TRN) is a special-situation stock that has undergone a dramatic business transformation resulting in a more focused, less cyclical company. 3. Hybrid business model of railcar manufacturing and leasing business is not well understood, creating market inefficiency and valuation opportunity. 5. Trinity has a very enviable competitive position in the railcar equipment value chain as the dominant manufacturer and a market-leading leasing and management company.
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