Wall Street brokerages expect Trinity Industries Inc (NYSE:TRN) to announce earnings per share (EPS) of $0.42 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Trinity Industries’ earnings, with estimates ranging from $0.39 to $0.45. Trinity Industries reported earnings of $0.44 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.5%. The business is expected to report its next earnings results after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Trinity Industries will report full year earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.44 to $1.51. For the next financial year, analysts forecast that the firm will post earnings of $1.38 per share, with EPS estimates ranging from $1.20 to $1.76. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Trinity Industries.
A number of analysts recently issued reports on the company. Seaport Global Securities assumed coverage on Trinity Industries in a research report on Thursday, January 4th. They set a “neutral” rating for the company. Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, January 2nd. ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus reissued a “buy” rating and set a $43.00 price objective on shares of Trinity Industries in a research report on Friday, December 22nd. Finally, Cowen lifted their price objective on Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.22.
In other Trinity Industries news, SVP William A. Mcwhirter sold 20,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the completion of the sale, the senior vice president now owns 191,339 shares of the company’s stock, valued at $7,060,409.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in TRN. ValueAct Holdings L.P. lifted its position in shares of Trinity Industries by 10.7% in the third quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock worth $550,438,000 after buying an additional 1,672,510 shares during the last quarter. NWQ Investment Management Company LLC lifted its position in shares of Trinity Industries by 337.5% in the fourth quarter. NWQ Investment Management Company LLC now owns 1,712,335 shares of the transportation company’s stock worth $64,144,000 after buying an additional 1,320,972 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Trinity Industries by 98.8% in the fourth quarter. Jennison Associates LLC now owns 2,127,208 shares of the transportation company’s stock worth $79,685,000 after buying an additional 1,056,986 shares during the last quarter. Lomas Capital Management LLC acquired a new stake in shares of Trinity Industries in the fourth quarter worth about $29,273,000. Finally, Janus Henderson Group PLC lifted its position in shares of Trinity Industries by 16.3% during the 3rd quarter. Janus Henderson Group PLC now owns 4,512,499 shares of the transportation company’s stock worth $143,949,000 after purchasing an additional 633,336 shares during the last quarter. 82.66% of the stock is owned by institutional investors.
Trinity Industries (NYSE TRN) traded up $0.78 on Wednesday, reaching $34.84. The company had a trading volume of 2,276,600 shares, compared to its average volume of 1,211,985. The firm has a market capitalization of $5,290.00, a PE ratio of 23.23, a price-to-earnings-growth ratio of 2.52 and a beta of 2.07. Trinity Industries has a 52-week low of $25.01 and a 52-week high of $38.25. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75.
Trinity Industries announced that its Board of Directors has authorized a share repurchase program on Tuesday, December 12th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were given a $0.13 dividend. The ex-dividend date was Thursday, January 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.49%. Trinity Industries’s dividend payout ratio is currently 34.67%.
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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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