Trinity Industries Inc. Sets New 1-Year High at $57.48 (TRN)
Trinity Industries (NYSE:TRN) set a new 52-week high during trading hours on Wednesday, American Banking and Market News reports. The company traded as high as $57.48 and last traded at $56.73, with a volume of 900,361 shares. The stock had previously closed at $56.74.
Separately, analysts at Raymond James downgraded shares of Trinity Industries from an “outperform” rating to an “underperform” rating in a research note to investors on Thursday, November 21st. They now have a $53.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Trinity Industries currently has an average rating of “Hold” and a consensus price target of $44.82.
Trinity Industries has a 52-week low of $34.57 and a 52-week high of $56.92. The stock has a 50-day moving average of $53.33 and a 200-day moving average of $46.31. The company has a market cap of $4.425 billion and a P/E ratio of 13.47.
Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, October 30th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.10. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 22.4% on a year-over-year basis. On average, analysts predict that Trinity Industries will post $4.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Monday, January 13th.
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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