For the uninitiated, railroad stocks are a type of equity security that represents ownership in a railroad company. Also, railroad stocks are traded on major exchanges, and they can be bought and sold just like any other stock. Railroad stocks offer investors a number of advantages, including exposure to the transportation sector, the potential for dividend income, and the ability to participate in the growth of the Railroad company.
Also, Railroad stocks are a good choice for investors who are looking for a long-term investment. Railroad stocks are also a good choice for investors who are looking for an investment that is not as volatile. As a result, railroad stocks can be a good addition to any portfolio, but it is important to do your research before buying any stock. With this in mind, here are two railroad stocks to watch in the stock market today.
Railroad Stocks To Buy [Or Sell] Right Now
- Trinity Industries Inc. (NYSE: TRN)
- CSX Corporation (NASDAQ: CSX)
Trinity Industries (TRN Stock)
Starting off, Trinity Industries Inc. (TRN) is a diversified industrial company that manufactures a variety of products for the transportation, energy, and construction industries. Trinity products include barges, tank cars, wind towers, and highway guardrails. In addition to its manufacturing operations, Trinity Industries also provides engineering and construction services.
TRN Recent Stock News
At the end of last month, Trinity Industries reported its Q3 2022 financial results. In the report, TRN announced earnings of $0.34 per share and revenue for Q3 2022 of $496.6 million. Meanwhile, Wall Street’s consensus estimates for the 3rd quarter of 2022 were earnings of $0.31 per share and revenue of $682.3 million. In addition, the company reported that it delivered 3,935 railcars for the quarter. While TRN also returned $123 million of capital to stockholders so far in 2022.
Moreover, Trinity’s CEO and President, Jean Savage said, “Our third quarter results once again show progress and improvement in our business. We continue to believe we will perform well in the coming years given our robust backlog and the favorable re-pricing environment for lease rates.“
TRN Stock Chart
Looking at the last month of trading, shares of TRN have rallied 26.40%. Meanwhile, on Monday morning Trinity Industries’ stock is trading slightly lower by 0.37% at $29.49 a share.
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CSX Corporation (CSX Stock)
Next, CSX Corporation (CSX) is a publicly traded Class I railroad holding company. For starters, the company provides rail, intermodal, and rail-to-truck transload services and solutions to customers through a wide range of markets. This includes sectors such as energy, industrial, construction, agricultural, and consumer products.
CSX Recent Stock News
Last month, CSX Corp announced its third-quarter 2022 financial results. Getting straight into it, the company posted a Q3 2022 EPS of $0.52 and revenue of $3.9 billion. With that, Wall Street’s consensus estimate for the quarter was earnings of $0.49 per share and revenue of $3.8 billion. Additionally, CSX reported an 18.3% increase in revenue versus the same period, in 2021.
In addition, Joe Hinrichs, president, and CEO said this about the quarter, “I am tremendously excited to work with all the railroaders who make this performance possible and to lead an organization that is fundamentally committed to operational excellence. CSX has great potential for profitable growth over the long-term, and my key objective is to help ensure that we realize this opportunity while building a robust organization that will help drive additional value for our customers, our employees, and our shareholders.”
CSX Stock Chart
Over the last month of trading, CSX stock has bounced 11.42%. While, on Monday morning, shares of CSX stock opened lower by 0.63% at $30.68 a share.
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