$0.28 EPS Expected for Trinity Industries Inc (NYSE:TRN) This Quarter

Equities research analysts expect that Trinity Industries Inc (NYSE:TRN) will announce earnings of $0.28 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Trinity Industries’ earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.17. Trinity Industries posted earnings per share of $0.48 during the same quarter last year, which suggests a negative year-over-year growth rate of 41.7%. The business 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 year, with EPS estimates ranging from $1.30 to $1.40. For the next year, analysts forecast that the company will report earnings of $1.58 per share, with EPS estimates ranging from $1.40 to $1.75. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover Trinity Industries.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The business 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 company’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share.

Several brokerages have recently commented on TRN. TheStreet downgraded Trinity Industries from a “b” rating to a “c” rating in a report on Thursday, April 25th. Buckingham Research set a $7.00 price objective on FreightCar America and gave the stock a “hold” rating in a research note on Friday, March 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $170.00 price objective on shares of Spotify in a research note on Friday, April 26th. Stephens began coverage on Carrizo Oil & Gas in a research note on Thursday, March 28th. They issued an “equal weight” rating and a $15.00 price objective for the company. Finally, Zacks Investment Research raised Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, June 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $26.44.

In other news, insider Brian D. Madison sold 2,157 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $20.90, for a total transaction of $45,081.30. Following the transaction, the insider now owns 58,345 shares of the company’s stock, valued at approximately $1,219,410.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 18.50% of the company’s stock.

A number of large investors have recently made changes to their positions in TRN. LPL Financial LLC grew its position in Trinity Industries by 11.7% in the 4th quarter. LPL Financial LLC now owns 42,234 shares of the transportation company’s stock valued at $870,000 after buying an additional 4,429 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Trinity Industries by 3.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 30,336 shares of the transportation company’s stock worth $625,000 after acquiring an additional 933 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Trinity Industries by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 2,178,459 shares of the transportation company’s stock worth $44,854,000 after acquiring an additional 18,702 shares during the period. Raymond James & Associates lifted its position in shares of Trinity Industries by 12.2% in the 4th quarter. Raymond James & Associates now owns 114,220 shares of the transportation company’s stock worth $2,352,000 after acquiring an additional 12,459 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Trinity Industries by 1.7% in the 4th quarter. Northern Trust Corp now owns 1,175,026 shares of the transportation company’s stock worth $24,194,000 after acquiring an additional 19,784 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Shares of NYSE TRN traded up $0.44 during mid-day trading on Tuesday, hitting $20.23. 1,175,600 shares of the company traded hands, compared to its average volume of 1,500,470. Trinity Industries has a 1 year low of $18.99 and a 1 year high of $39.35. The firm has a market cap of $2.58 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.97. 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 business’s 50 day moving average is $19.96.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, July 12th. Trinity Industries’s dividend payout ratio is 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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