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TRN

Trinity Industries

$18.50

(0.00%)

16:26
10/23/19
10/23
16:26
10/23/19
16:26

Trinity Industries reports Q3 adjusted EPS 39c, consensus 35c

Reports Q3 revenue $813.6M, consensus $809.74M. CEO Timothy Wallace says: "Demand continued at lower levels during the third quarter due to economic uncertainty associated with industrial production and global trade. These factors, combined with pressure on railcar loading volumes, are impacting railcar lease rates and utilization as well as orders for new railcars. Our management team has responded accordingly and is being highly selective in its originations of new railcar leases. The team has shifted a portion of new railcar production from 2019 into the first half of 2020 to facilitate the transition to lower railcar production next year. Trinity is positioned to successfully navigate through shifts in market demand. We are highly experienced at both short- and long-term cycles and are prepared to respond to the needs of our customers. The recurring revenues associated with long-term leases in our railcar leasing business provide the company with a predictable level of steady cash flows. In addition, our management team has been highly focused on lowering Trinity's cost of capital and streamlining our operating structure. We have made good progress in these areas, and there are various other initiatives underway that we expect to have a positive effect on the company's performance in 2020."

  • 24

    Oct

  • 13

    Nov

TRN Trinity Industries
$18.50

(0.00%)

03/28/19
SPHN
03/28/19
NO CHANGE
Target $24
SPHN
Equal Weight
Trinity valuation 'intriguing,' but lacks near-term catalyst, says Stephens
Stephens analyst Justin Long thinks the valuation of Trinity Industries looks "intriguing" after the stock's recent pullback, but he is concerned that a near-term positive catalyst for the stock could be hard to find given his belief that railcar orders have slowed early in 2019 and this slowing trend is likely to persist all year. Given the industry backdrop, and the broader macro uncertainties, he keeps an Equal Weight rating on Trinity and lowered his price target on the stock to $24 from $26.
03/22/19
BUCK
03/22/19
DOWNGRADE
BUCK
Neutral
Trinity Industries downgraded to Neutral from Buy at Buckingham
03/11/19
03/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. JetBlue (JBLU) downgraded to Equal Weight from Overweight at Barclays with analyst Brandon Oglenski lowering his price target for the shares to $20 from $27. 2. Nucor (NUE) downgraded to Neutral from Buy at Longbow with analyst Chris Olin saying his carbon steel market checks indicate muted demand growth for all major products, with negative momentum most apparent for plate, merchant bar and SBQ. 3. Oracle (ORCL) downgraded to Reduce from Buy at Nomura Instinet with analyst Christopher Eberle saying Oracle's buyback program has helped drive the stock to near all-time highs, but the rate of $10B in buybacks per quarter "can't last forever." 4. Greenbrier (GBX) and Trinity Industries (TRN) downgraded to Sector Weight from Overweight at KeyBanc. 5. Zumiez (ZUMZ) downgraded to Hold from Buy at Pivotal Research with analyst Mitch Kummetz saying the stock's risk/reward is no longer compelling after bouncing 40% off the mid-December lows. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/11/19
KEYB
03/11/19
DOWNGRADE
KEYB
Sector Weight
Trinity Industries downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Steve Barger downgraded Trinity Industries (TRN) to Sector Weight from Overweight after attending the annual REF conference, telling investors that he walked away more cautious on the rail equipment space. After attending the event, which he calls the "most informative rail industry event," Barger thinks 2019 will be characterized by fewer orders and backlog contraction, which is historically negative for the group. The analyst also downgraded Greenbrier (GBX) to Sector Weight.

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MRVL

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