Equities analysts expect Trinity Industries Inc (NYSE:TRN) to report $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Trinity Industries’ earnings. The highest EPS estimate is $0.49 and the lowest is $0.34. Trinity Industries reported earnings per share of $0.43 during the same quarter last year, which indicates a negative year-over-year growth rate of 2.3%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 20th.
According to Zacks, analysts expect that Trinity Industries will report full-year earnings of $1.61 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.66. For the next fiscal year, analysts forecast that the business will report earnings of $1.93 per share, with EPS estimates ranging from $1.85 to $2.05. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Trinity Industries.
Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, October 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The company had revenue of $930.90 million for the quarter, compared to analyst estimates of $969.60 million. Trinity Industries had a return on equity of 5.38% and a net margin of 18.57%. During the same period last year, the firm earned $0.43 earnings per share.
TRN has been the topic of several recent analyst reports. ValuEngine lowered Trinity Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Cowen reissued a “buy” rating and set a $47.00 price target on shares of Trinity Industries in a research report on Wednesday, October 24th. TheStreet raised Trinity Industries from a “c+” rating to a “b” rating in a research report on Monday, July 23rd. Stifel Nicolaus upped their price target on Trinity Industries from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Finally, Buckingham Research upped their price target on Trinity Industries from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, October 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.22.
Large investors have recently bought and sold shares of the stock. LPL Financial LLC grew its stake in Trinity Industries by 68.2% in the first quarter. LPL Financial LLC now owns 40,512 shares of the transportation company’s stock valued at $1,322,000 after purchasing an additional 16,421 shares in the last quarter. Principal Financial Group Inc. grew its stake in Trinity Industries by 2.0% in the first quarter. Principal Financial Group Inc. now owns 658,220 shares of the transportation company’s stock valued at $21,477,000 after purchasing an additional 13,073 shares in the last quarter. Clinton Group Inc. purchased a new position in Trinity Industries in the second quarter valued at about $595,000. Farmers Trust Co. purchased a new position in Trinity Industries in the second quarter valued at about $549,000. Finally, State of Alaska Department of Revenue grew its stake in Trinity Industries by 40.0% in the second quarter. State of Alaska Department of Revenue now owns 16,520 shares of the transportation company’s stock valued at $565,000 after purchasing an additional 4,720 shares in the last quarter. 84.84% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:TRN traded down $0.72 during trading hours on Tuesday, hitting $21.95. 80,947 shares of the company’s stock traded hands, compared to its average volume of 2,570,615. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.39 and a beta of 2.25. Trinity Industries has a twelve month low of $20.70 and a twelve month high of $39.35. The company has a current ratio of 2.50, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Monday, October 15th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.37%. The ex-dividend date was Friday, October 12th. Trinity Industries’s payout ratio is 34.21%.
Trinity Industries Company Profile
Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.
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