Equities analysts expect Trinity Industries Inc (NYSE:TRN) to report sales of $957.20 million for the current quarter, according to Zacks. Four analysts have made estimates for Trinity Industries’ earnings, with the highest sales estimate coming in at $1.07 billion and the lowest estimate coming in at $909.50 million. Trinity Industries reported sales of $973.60 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.7%. The firm is expected to issue its next earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Trinity Industries will report full year sales of $3.79 billion for the current fiscal year, with estimates ranging from $3.67 billion to $3.88 billion. For the next year, analysts expect that the firm will post sales of $4.23 billion, with estimates ranging from $4.18 billion to $4.27 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Trinity Industries.

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

TRN has been the topic of a number of research reports. Buckingham Research lifted their price target on shares of Trinity Industries from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, July 27th. UBS Group cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Vertical Group raised shares of Trinity Industries from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. TheStreet raised shares of Trinity Industries from a “c+” rating to a “b” rating in a report on Monday, July 23rd. Finally, Mizuho initiated coverage on shares of Trinity Industries in a report on Wednesday, July 4th. They issued a “buy” rating and a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $41.00.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC grew its stake in Trinity Industries by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 97,222 shares of the transportation company’s stock valued at $3,331,000 after buying an additional 1,458 shares in the last quarter. United Services Automobile Association grew its stake in Trinity Industries by 5.9% in the 2nd quarter. United Services Automobile Association now owns 26,895 shares of the transportation company’s stock valued at $921,000 after buying an additional 1,500 shares in the last quarter. Arizona State Retirement System grew its stake in Trinity Industries by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 103,649 shares of the transportation company’s stock valued at $3,551,000 after buying an additional 1,597 shares in the last quarter. United Capital Financial Advisers LLC grew its stake in Trinity Industries by 7.5% in the 1st quarter. United Capital Financial Advisers LLC now owns 24,119 shares of the transportation company’s stock valued at $787,000 after buying an additional 1,690 shares in the last quarter. Finally, CIBC World Markets Inc. grew its stake in Trinity Industries by 11.1% in the 1st quarter. CIBC World Markets Inc. now owns 17,740 shares of the transportation company’s stock valued at $579,000 after buying an additional 1,775 shares in the last quarter. Institutional investors and hedge funds own 83.73% of the company’s stock.

NYSE:TRN opened at $35.96 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $5.41 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.26 and a beta of 2.18. Trinity Industries has a 12 month low of $30.39 and a 12 month high of $39.35.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Monday, October 15th will be paid a $0.13 dividend. The ex-dividend date is Friday, October 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.45%. Trinity Industries’s dividend payout ratio is 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.

Recommended Story: How to use beta for portfolio diversification

Get a free copy of the Zacks research report on Trinity Industries (TRN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Trinity Industries (NYSE:TRN)

Receive News & Ratings for Trinity Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries and related companies with MarketBeat.com's FREE daily email newsletter.