Trinity Industries, Inc. (NYSE:TRN) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $0.90-1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.34. Trinity Industries also updated its Q4 guidance to 0.35-0.45 EPS.
Several brokerages have commented on TRN. Axiom Securities reaffirmed a sell rating on shares of Trinity Industries in a research report on Wednesday, July 26th. Citigroup Inc. raised Trinity Industries from a neutral rating to a buy rating and dropped their price target for the stock from $45.00 to $36.00 in a research report on Friday, September 29th. Zacks Investment Research cut Trinity Industries from a buy rating to a hold rating in a research report on Wednesday, October 18th. Susquehanna Bancshares Inc upgraded Trinity Industries from a neutral rating to a positive rating in a research report on Monday, November 6th. Finally, ValuEngine cut Trinity Industries from a buy rating to a hold rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Trinity Industries currently has an average rating of Buy and an average target price of $34.13.
Trinity Industries, Inc. (NYSE:TRN) traded up $0.27 during trading hours on Friday, reaching $32.58. The company’s stock had a trading volume of 1,271,100 shares, compared to its average volume of 1,283,931. Trinity Industries, Inc. has a 1 year low of $25.01 and a 1 year high of $35.97. The company has a quick ratio of 2.62, a current ratio of 3.70 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $4,904.13, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 2.17 and a beta of 2.25.
Trinity Industries (NYSE:TRN) last released its earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.11. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The firm had revenue of $973.60 million for the quarter, compared to analyst estimates of $951.60 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was down 12.4% on a year-over-year basis. sell-side analysts expect that Trinity Industries, Inc. will post 1.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th were issued a $0.13 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.60%. Trinity Industries’s dividend payout ratio (DPR) is currently 34.67%.
In other Trinity Industries news, major shareholder Holdings L.P. Valueact purchased 300,000 shares of the stock in a transaction on Thursday, October 26th. The stock was bought at an average cost of $31.45 per share, for a total transaction of $9,435,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Valueact Capital Master Fund, purchased 375,000 shares of the stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average price of $28.15 per share, with a total value of $10,556,250.00. The disclosure for this purchase can be found here. Insiders acquired 2,258,333 shares of company stock valued at $67,928,765 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.
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About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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