Zacks: Brokerages Expect Trinity Industries Inc (TRN) Will Announce Earnings of $0.42 Per Share

Wall Street brokerages predict that Trinity Industries Inc (NYSE:TRN) will announce earnings per share of $0.42 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Trinity Industries’ earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.37. Trinity Industries reported earnings per share of $0.43 during the same quarter last year, which suggests a negative year over year growth rate of 2.3%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, October 24th.

On average, analysts expect that Trinity Industries will report full year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.60 to $1.67. For the next financial year, analysts forecast that the business will report earnings of $1.93 per share, with EPS estimates ranging from $1.80 to $2.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Trinity Industries.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, July 25th. The transportation company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $942.30 million for the quarter, compared to analyst estimates of $965.24 million. Trinity Industries had a net margin of 19.42% and a return on equity of 5.68%. Trinity Industries’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share.

A number of research firms have commented on TRN. UBS Group lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Buckingham Research lifted their price objective on shares of Trinity Industries from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, October 5th. Stifel Nicolaus lifted their price objective on shares of Trinity Industries from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, October 5th. Vertical Group upgraded shares of Trinity Industries from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. Finally, Mizuho restated a “buy” rating and issued a $48.00 price objective on shares of Trinity Industries in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $41.00.

Several institutional investors have recently modified their holdings of the company. Vident Investment Advisory LLC grew its position in Trinity Industries by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 97,222 shares of the transportation company’s stock worth $3,331,000 after buying an additional 1,458 shares during the period. United Services Automobile Association grew its position in Trinity Industries by 5.9% during the second quarter. United Services Automobile Association now owns 26,895 shares of the transportation company’s stock worth $921,000 after buying an additional 1,500 shares during the period. Arizona State Retirement System lifted its holdings in shares of Trinity Industries by 1.6% in the second quarter. Arizona State Retirement System now owns 103,649 shares of the transportation company’s stock valued at $3,551,000 after purchasing an additional 1,597 shares in the last quarter. United Capital Financial Advisers LLC lifted its holdings in shares of Trinity Industries by 7.5% in the first quarter. United Capital Financial Advisers LLC now owns 24,119 shares of the transportation company’s stock valued at $787,000 after purchasing an additional 1,690 shares in the last quarter. Finally, CIBC World Markets Inc. lifted its holdings in shares of Trinity Industries by 11.1% in the first quarter. CIBC World Markets Inc. now owns 17,740 shares of the transportation company’s stock valued at $579,000 after purchasing an additional 1,775 shares in the last quarter. Institutional investors and hedge funds own 83.70% of the company’s stock.

NYSE TRN traded down $0.59 during trading on Friday, reaching $35.08. The company’s stock had a trading volume of 1,117,759 shares, compared to its average volume of 1,669,021. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 2.52. The firm has a market cap of $5.37 billion, a PE ratio of 23.51, a P/E/G ratio of 2.22 and a beta of 2.18. Trinity Industries has a twelve month low of $30.39 and a twelve month high of $39.35.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, October 15th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.48%. Trinity Industries’s dividend payout ratio (DPR) 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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Earnings History and Estimates for Trinity Industries (NYSE:TRN)

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