Wall Street brokerages predict that Trinity Industries Inc (NYSE:TRN) will announce earnings per share (EPS) of $0.43 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Trinity Industries’ earnings, with estimates ranging from $0.40 to $0.45. Trinity Industries also reported earnings per share of $0.43 during the same quarter last year. The firm is scheduled to report its next quarterly earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that Trinity Industries will report full year earnings of $1.62 per share for the current financial year, with EPS estimates ranging from $1.58 to $1.66. For the next financial year, analysts forecast that the business will report earnings of $1.87 per share, with EPS estimates ranging from $1.79 to $1.98. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Trinity Industries.

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

TRN has been the subject of several recent research reports. TheStreet upgraded Trinity Industries from a “c+” rating to a “b” rating in a report on Monday, July 23rd. Buckingham Research increased their price objective on Trinity Industries from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Stifel Nicolaus increased their price objective on Trinity Industries from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Mizuho reiterated a “buy” rating and set a $48.00 price objective on shares of Trinity Industries in a report on Thursday, July 26th. Finally, Vertical Group upgraded Trinity Industries from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $39.75.

A number of hedge funds and other institutional investors have recently bought and sold shares of TRN. Victory Capital Management Inc. bought a new position in Trinity Industries during the first quarter valued at about $2,449,000. Schwab Charles Investment Management Inc. raised its holdings in Trinity Industries by 5.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 634,213 shares of the transportation company’s stock valued at $20,695,000 after buying an additional 34,194 shares in the last quarter. Natixis Advisors L.P. raised its holdings in Trinity Industries by 52.5% during the first quarter. Natixis Advisors L.P. now owns 108,185 shares of the transportation company’s stock valued at $3,530,000 after buying an additional 37,250 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Trinity Industries by 7.5% during the first quarter. Great West Life Assurance Co. Can now owns 95,497 shares of the transportation company’s stock valued at $3,119,000 after buying an additional 6,702 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Trinity Industries by 22.3% during the first quarter. Schroder Investment Management Group now owns 30,415 shares of the transportation company’s stock valued at $992,000 after buying an additional 5,555 shares in the last quarter. Institutional investors own 83.73% of the company’s stock.

Shares of NYSE:TRN traded down $0.37 during midday trading on Tuesday, hitting $36.78. 763,900 shares of the stock were exchanged, compared to its average volume of 1,693,204. The company has a current ratio of 2.52, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. Trinity Industries has a 52-week low of $30.23 and a 52-week high of $39.19. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 2.29 and a beta of 2.20.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, October 15th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, October 12th. This represents a $0.52 annualized dividend and a yield of 1.41%. Trinity Industries’s dividend payout ratio (DPR) is currently 34.21%.

About Trinity Industries

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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