Brokerages forecast that Trinity Industries Inc (NYSE:TRN) will report sales of $1.10 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Trinity Industries’ earnings. The lowest sales estimate is $1.02 billion and the highest is $1.19 billion. Trinity Industries also posted sales of $1.10 billion during the same quarter last year. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, February 21st.
On average, analysts expect that Trinity Industries will report full year sales of $1.10 billion for the current fiscal year, with estimates ranging from $3.78 billion to $3.94 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.94 billion per share, with estimates ranging from $3.66 billion to $4.34 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Trinity Industries.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, February 15th. The transportation company reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $3.00. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The company had revenue of $906.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business posted $0.44 EPS. The business’s revenue for the quarter was down 17.9% compared to the same quarter last year.
Several research firms recently commented on TRN. Susquehanna Bancshares increased their target price on shares of Trinity Industries from $40.00 to $52.00 and gave the company a “positive” rating in a research note on Tuesday. Stifel Nicolaus set a $40.00 target price on shares of Trinity Industries and gave the company a “buy” rating in a research note on Friday, February 9th. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Saturday, February 10th. Wells Fargo & Co raised shares of Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 target price for the company in a research note on Friday, February 16th. Finally, ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $38.70.
Trinity Industries (NYSE TRN) traded up $0.47 during mid-day trading on Friday, reaching $35.23. 1,810,000 shares of the company traded hands, compared to its average volume of 1,180,000. Trinity Industries has a fifty-two week low of $25.01 and a fifty-two week high of $38.25. The firm has a market capitalization of $5,350.00, a price-to-earnings ratio of 23.49, a PEG ratio of 2.52 and a beta of 2.07. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors 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 annualized dividend and a dividend yield of 1.48%. Trinity Industries’s dividend payout ratio (DPR) is presently 34.67%.
Trinity Industries announced that its Board of Directors has approved a stock buyback plan on Tuesday, December 12th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
In related news, SVP William A. Mcwhirter sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were 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 in the company, valued at approximately $7,060,409.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. ValueAct Holdings L.P. lifted its position in shares of Trinity Industries by 7.8% in the 4th quarter. ValueAct Holdings L.P. now owns 18,607,352 shares of the transportation company’s stock valued at $697,031,000 after acquiring an additional 1,352,237 shares in the last quarter. Janus Henderson Group PLC increased its stake in Trinity Industries by 16.3% in the 3rd quarter. Janus Henderson Group PLC now owns 4,512,499 shares of the transportation company’s stock valued at $143,949,000 after buying an additional 633,336 shares during the period. Impala Asset Management LLC increased its stake in Trinity Industries by 8.5% in the 3rd quarter. Impala Asset Management LLC now owns 2,130,641 shares of the transportation company’s stock valued at $67,967,000 after buying an additional 167,491 shares during the period. Jennison Associates LLC increased its stake in Trinity Industries by 98.8% in the 4th quarter. Jennison Associates LLC now owns 2,127,208 shares of the transportation company’s stock valued at $79,685,000 after buying an additional 1,056,986 shares during the period. Finally, NWQ Investment Management Company LLC increased its stake in Trinity Industries by 337.5% in the 4th quarter. NWQ Investment Management Company LLC now owns 1,712,335 shares of the transportation company’s stock valued at $64,144,000 after buying an additional 1,320,972 shares during the period. Institutional investors and hedge funds own 82.66% of the company’s stock.
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Trinity Industries Company Profile
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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