Trinity Industries (NYSE:TRN) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Trinity Industries (NYSE:TRN) posted its quarterly earnings data on Thursday. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05, Briefing.com reports. The company had revenue of $798.80 million during the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. Trinity Industries updated its FY 2024 guidance to 1.700-1.800 EPS and its FY24 guidance to $1.70-$1.80 EPS.

Trinity Industries Trading Down 5.0 %

NYSE TRN opened at $32.58 on Friday. The firm has a market cap of $2.69 billion, a PE ratio of 15.89 and a beta of 1.39. Trinity Industries has a 1-year low of $21.17 and a 1-year high of $37.04. The stock has a 50-day moving average of $33.77 and a 200-day moving average of $31.60. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 4.39.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.44%. Trinity Industries’s dividend payout ratio is currently 54.63%.

Analyst Upgrades and Downgrades

TRN has been the subject of a number of research reports. StockNews.com upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Susquehanna lowered Trinity Industries from a “positive” rating to a “neutral” rating and upped their target price for the stock from $34.00 to $35.00 in a research note on Monday, October 21st.

About Trinity Industries

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.