Trinity Industries Inc (NYSE:TRN) Expected to Post Earnings of $0.28 Per Share

Equities research analysts expect that Trinity Industries Inc (NYSE:TRN) will post earnings per share of $0.28 for the current quarter, Zacks reports. Two analysts have issued estimates for Trinity Industries’ earnings. The highest EPS estimate is $0.37 and the lowest is $0.17. Trinity Industries posted earnings of $0.48 per share in the same quarter last year, which suggests a negative year over year growth rate of 41.7%. The firm is expected to announce its next quarterly earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Trinity Industries will report full year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.40. For the next financial year, analysts forecast that the firm will post earnings of $1.60 per share, with EPS estimates ranging from $1.40 to $1.80. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Trinity Industries.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. Trinity Industries had a return on equity of 5.63% and a net margin of 4.66%. The company had revenue of $604.80 million during the quarter, compared to analysts’ expectations of $660.72 million. During the same period in the prior year, the company earned $0.30 EPS. Trinity Industries’s revenue was up 13.4% compared to the same quarter last year.

A number of research analysts have recently commented on TRN shares. Buckingham Research cut Trinity Industries from a “buy” rating to a “neutral” rating and dropped their price target for the company from $32.00 to $26.00 in a research note on Friday, March 22nd. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research note on Tuesday, February 26th. Stephens set a $24.00 price target on Trinity Industries and gave the company a “hold” rating in a research note on Thursday, March 28th. Mizuho reiterated a “buy” rating and issued a $32.00 price target on shares of Trinity Industries in a research note on Tuesday, February 26th. Finally, TheStreet lowered Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Trinity Industries presently has a consensus rating of “Hold” and a consensus price target of $26.44.

In other Trinity Industries news, insider Brian D. Madison sold 2,157 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $20.90, for a total value of $45,081.30. Following the sale, the insider now owns 58,345 shares in the company, valued at approximately $1,219,410.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 18.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ValueAct Holdings L.P. grew its position in shares of Trinity Industries by 2.3% in the 4th quarter. ValueAct Holdings L.P. now owns 21,900,000 shares of the transportation company’s stock valued at $450,921,000 after buying an additional 492,109 shares during the last quarter. Vanguard Group Inc grew its position in shares of Trinity Industries by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 12,926,301 shares of the transportation company’s stock valued at $473,620,000 after buying an additional 64,718 shares during the last quarter. BlackRock Inc. grew its position in shares of Trinity Industries by 3.1% in the 4th quarter. BlackRock Inc. now owns 12,779,413 shares of the transportation company’s stock valued at $263,128,000 after buying an additional 383,426 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of Trinity Industries by 21.1% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,582,884 shares of the transportation company’s stock valued at $77,856,000 after buying an additional 625,120 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Trinity Industries by 29.5% in the 1st quarter. Janus Henderson Group PLC now owns 3,326,034 shares of the transportation company’s stock valued at $72,275,000 after buying an additional 756,977 shares during the last quarter. Hedge funds and other institutional investors own 86.93% of the company’s stock.

Shares of TRN opened at $19.78 on Friday. Trinity Industries has a 52 week low of $18.99 and a 52 week high of $39.35. The company has a market cap of $2.55 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.53 and a beta of 2.00. The company has a quick ratio of 0.86, a current ratio of 2.02 and a debt-to-equity ratio of 1.74. The firm has a fifty day moving average price of $20.37.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be given a $0.17 dividend. The ex-dividend date is Friday, July 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.44%. Trinity Industries’s dividend payout ratio (DPR) is presently 85.00%.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.

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