Trinity Industries (TRN) to Release Quarterly Earnings on Wednesday
Trinity Industries (NYSE:TRN) will announce its Q313 earnings results on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.16 per share and revenue of $1.14 billion for the quarter.
Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, July 31st. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.95 by $0.11. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts expect Trinity Industries to post $4.32 EPS for the current fiscal year and $4.79 EPS for the next fiscal year.
Shares of Trinity Industries (NYSE:TRN) traded down 1.01% during mid-day trading on Tuesday, hitting $46.93. 183,365 shares of the company’s stock traded hands. Trinity Industries has a 52 week low of $27.56 and a 52 week high of $45.67. The stock has a 50-day moving average of $41.65 and a 200-day moving average of $40.98. The company has a market cap of $3.689 billion and a price-to-earnings ratio of 12.68.
On the ratings front, analysts at Zacks upgraded shares of Trinity Industries from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, August 28th. They now have a $46.10 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Trinity Industries has an average rating of “Buy” and a consensus price target of $43.62.
Trinity Industries, Inc (NYSE:TRN) is a multi-industry company, which owns a range of businesses, which provides products and services to the industrial, energy, transportation, and construction sectors.
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