Brokerages Expect Trinity Industries Inc (TRN) to Announce $0.22 Earnings Per Share

Wall Street brokerages expect that Trinity Industries Inc (NYSE:TRN) will post earnings of $0.22 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Trinity Industries’ earnings. The lowest EPS estimate is $0.20 and the highest is $0.25. Trinity Industries posted earnings of $0.30 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 26.7%. The business is expected to announce its next quarterly earnings results after the market closes on Wednesday, April 24th.

On average, analysts expect that Trinity Industries will report full year earnings of $1.32 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.40. For the next year, analysts anticipate that the firm will post earnings of $1.61 per share, with EPS estimates ranging from $1.39 to $1.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Trinity Industries.

Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, February 20th. The transportation company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The company had revenue of $735.00 million during the quarter, compared to the consensus estimate of $670.90 million. Trinity Industries had a net margin of 4.63% and a return on equity of 5.26%. Trinity Industries’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned $0.43 earnings per share.

Several equities research analysts have weighed in on TRN shares. Mizuho restated a “buy” rating and issued a $32.00 target price on shares of Trinity Industries in a research note on Tuesday, February 26th. Cowen restated a “buy” rating and issued a $30.00 target price on shares of Trinity Industries in a research note on Wednesday, February 20th. Zacks Investment Research upgraded shares of Trinity Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, January 28th. Stephens set a $24.00 target price on shares of Trinity Industries and gave the company a “hold” rating in a research note on Thursday, March 28th. Finally, Buckingham Research downgraded shares of Trinity Industries from a “buy” rating to a “neutral” rating and lowered their target price for the company from $32.00 to $26.00 in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Trinity Industries currently has an average rating of “Hold” and a consensus target price of $27.78.

Several large investors have recently bought and sold shares of the company. ValueAct Holdings L.P. lifted its stake in shares of Trinity Industries by 2.3% during the fourth quarter. ValueAct Holdings L.P. now owns 21,900,000 shares of the transportation company’s stock worth $450,921,000 after buying an additional 492,109 shares during the period. Vanguard Group Inc. lifted its stake in shares of Trinity Industries by 0.5% during the third quarter. Vanguard Group Inc. now owns 12,926,301 shares of the transportation company’s stock worth $473,620,000 after buying an additional 64,718 shares during the period. Vanguard Group Inc lifted its stake in shares of Trinity Industries by 0.5% during the third quarter. Vanguard Group Inc now owns 12,926,301 shares of the transportation company’s stock worth $473,620,000 after buying an additional 64,718 shares during the period. BlackRock Inc. lifted its stake in shares of Trinity Industries by 3.1% during the fourth quarter. BlackRock Inc. now owns 12,779,413 shares of the transportation company’s stock worth $263,128,000 after buying an additional 383,426 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of Trinity Industries by 32.9% during the fourth quarter. Jennison Associates LLC now owns 2,250,877 shares of the transportation company’s stock worth $46,346,000 after buying an additional 557,344 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

TRN traded up $0.13 during trading on Tuesday, hitting $23.67. The stock had a trading volume of 1,052,143 shares, compared to its average volume of 1,392,667. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.80 and a beta of 2.11. Trinity Industries has a twelve month low of $18.99 and a twelve month high of $39.35. The company has a quick ratio of 0.85, a current ratio of 1.76 and a debt-to-equity ratio of 1.57.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.17 per share. This is an increase from Trinity Industries’s previous quarterly dividend of $0.13. This represents a $0.68 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, April 12th. Trinity Industries’s payout ratio 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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