Wall Street analysts forecast that Trinity Industries Inc (NYSE:TRN) will post earnings of $0.28 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Trinity Industries’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.37. Trinity Industries posted earnings of $0.48 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 41.7%. The business is expected to issue its next quarterly earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that Trinity Industries will report full-year earnings of $1.32 per share for the current year, with EPS estimates ranging from $1.30 to $1.40. For the next financial year, analysts expect that the business will report earnings of $1.62 per share, with EPS estimates ranging from $1.43 to $1.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Trinity Industries.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. The firm had revenue of $604.80 million during the quarter, compared to analyst estimates of $660.72 million. Trinity Industries had a return on equity of 5.63% and a net margin of 4.66%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share.
A number of research analysts have recently weighed in on the company. Stephens set a $24.00 price objective on Trinity Industries and gave the company a “hold” rating in a research report on Thursday, March 28th. Mizuho reaffirmed a “buy” rating and issued a $32.00 price target on shares of Trinity Industries in a report on Tuesday, February 26th. Cowen reaffirmed a “buy” rating and issued a $30.00 price target on shares of Trinity Industries in a report on Wednesday, February 20th. Zacks Investment Research raised shares of Trinity Industries from a “sell” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, April 30th. Finally, Stifel Nicolaus set a $33.00 price target on shares of Trinity Industries and gave the company a “buy” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Trinity Industries has an average rating of “Hold” and an average price target of $27.22.
Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Trinity Industries by 88.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 360,430 shares of the transportation company’s stock valued at $13,205,000 after purchasing an additional 169,568 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Trinity Industries by 41.8% in the 3rd quarter. Nordea Investment Management AB now owns 132,487 shares of the transportation company’s stock valued at $4,855,000 after acquiring an additional 39,052 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Trinity Industries by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 229,406 shares of the transportation company’s stock valued at $8,405,000 after acquiring an additional 3,496 shares during the last quarter. Vanguard Group Inc lifted its holdings 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 acquiring an additional 64,718 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in shares of Trinity Industries by 9.4% in the 4th quarter. North Star Investment Management Corp. now owns 58,000 shares of the transportation company’s stock valued at $1,194,000 after acquiring an additional 5,000 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.
Shares of Trinity Industries stock traded up $0.09 during trading on Wednesday, reaching $21.08. 106,818 shares of the stock traded hands, compared to its average volume of 1,228,354. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 1.57 and a beta of 2.08. The company has a quick ratio of 0.86, a current ratio of 2.02 and a debt-to-equity ratio of 1.74. Trinity Industries has a 52-week low of $18.99 and a 52-week high of $39.35.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, July 12th. Trinity Industries’s payout ratio is 85.00%.
Trinity Industries Company Profile
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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