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Fly News Breaks for April 26, 2018
TRN
Apr 26, 2018 | 14:36 EDT
Vertical Group analyst Gordon Johnson II believes Trinity Industries' FY18 EPS guidance increase of 5c per share is due entirely to higher expected spin-off related costs, which he notes are excluded from the company's view, rather than an improvement in fundamentals. Adding that the company's margins are getting worse, both sequentially and year-over-year, in Trinity's two key business segments, the analyst recommends shorting any strength in the stock today and keeps a Sell rating on Trinity shares.