Analysts Expect Trinity Industries, Inc. (TRN) Will Announce Earnings of $0.32 Per Share
Equities analysts forecast that Trinity Industries, Inc. (NYSE:TRN) will post $0.32 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Trinity Industries’ earnings, with estimates ranging from $0.30 to $0.35. Trinity Industries posted earnings of $0.55 per share during the same quarter last year, which suggests a negative year over year growth rate of 41.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that Trinity Industries will report full year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.32. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.32 per share, with EPS estimates ranging from $1.20 to $1.49. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Trinity Industries.
Trinity Industries (NYSE:TRN) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The business had revenue of $905.50 million for the quarter, compared to analyst estimates of $947.40 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. Trinity Industries’s revenue was down 23.6% on a year-over-year basis.
A number of equities analysts have issued reports on the company. Axiom Securities reiterated a “sell” rating on shares of Trinity Industries in a research note on Thursday, July 13th. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Thursday, August 17th. TheStreet upgraded Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Cowen and Company reiterated a “buy” rating and set a $31.00 price target on shares of Trinity Industries in a research note on Monday, August 28th. Finally, BidaskClub downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.63.
Trinity Industries (TRN) traded down 0.26% during mid-day trading on Friday, reaching $30.20. The company had a trading volume of 619,678 shares. The stock has a 50 day moving average price of $28.75 and a 200 day moving average price of $27.29. The company has a market capitalization of $4.57 billion, a P/E ratio of 18.56 and a beta of 2.18. Trinity Industries has a one year low of $20.80 and a one year high of $30.49.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.72%. Trinity Industries’s dividend payout ratio is currently 32.10%.
In other news, major shareholder Valueact Capital Master Fund, bought 248,941 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were purchased at an average price of $28.65 per share, with a total value of $7,132,159.65. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Holdings L.P. Valueact bought 100,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average cost of $27.38 per share, for a total transaction of $2,738,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,709,624 shares of company stock worth $48,298,143. Insiders own 2.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of the business. World Asset Management Inc lifted its position in shares of Trinity Industries by 1.3% during the 1st quarter. World Asset Management Inc now owns 10,820 shares of the transportation company’s stock worth $287,000 after buying an additional 134 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Trinity Industries by 1.3% during the 2nd quarter. CENTRAL TRUST Co now owns 12,721 shares of the transportation company’s stock worth $357,000 after buying an additional 161 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Trinity Industries by 3.0% during the 2nd quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock worth $271,000 after buying an additional 279 shares in the last quarter. American Asset Management Inc. lifted its position in shares of Trinity Industries by 3.4% during the 2nd quarter. American Asset Management Inc. now owns 9,397 shares of the transportation company’s stock worth $263,000 after buying an additional 310 shares in the last quarter. Finally, Alpha Windward LLC lifted its position in shares of Trinity Industries by 2.2% during the 2nd quarter. Alpha Windward LLC now owns 16,980 shares of the transportation company’s stock worth $476,000 after buying an additional 360 shares in the last quarter. 80.82% of the stock is currently owned by hedge funds and other institutional investors.
About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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