Trinity Industries (NYSE:TRN – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.350-1.550 for the period, compared to the consensus earnings per share estimate of 1.420. The company issued revenue guidance of -.
Analyst Ratings Changes
Several research firms have weighed in on TRN. TD Cowen lifted their target price on Trinity Industries from $30.00 to $33.00 and gave the stock a buy rating in a report on Thursday. Susquehanna boosted their price target on shares of Trinity Industries from $30.00 to $34.00 and gave the stock a positive rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $31.00.
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Trinity Industries Price Performance
Trinity Industries (NYSE:TRN – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $809.60 million during the quarter, compared to the consensus estimate of $750.97 million. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. The business’s revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, sell-side analysts predict that Trinity Industries will post 1.46 EPS for the current year.
Trinity Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This represents a $1.12 annualized dividend and a dividend yield of 3.68%. Trinity Industries’s payout ratio is 75.17%.
Insider Activity at Trinity Industries
In related news, CFO Eric R. Marchetto sold 9,781 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the transaction, the chief financial officer now owns 233,704 shares of the company’s stock, valued at $6,543,712. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.
Trinity Industries Company Profile
Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.
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