Share on StockTwits

Trinity Industries Inc (NYSE:TRN) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.90-4.10 for the period, compared to the Thomson Reuters consensus estimate of $3.76, ARN reports.

Trinity Industries Inc (NYSE:TRN) traded down 0.02% during mid-day trading on Tuesday, hitting $45.02. 3,144,781 shares of the company’s stock traded hands. Trinity Industries Inc has a 52 week low of $18.985 and a 52 week high of $46.29. The stock has a 50-day moving average of $43.46 and a 200-day moving average of $37.35. The company has a market cap of $6.974 billion and a P/E ratio of 13.62.

Trinity Industries (NYSE:TRN) last announced its earnings results on Tuesday, July 29th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.24. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company posted $1.06 earnings per share. Trinity Industries’s revenue was up 39.3% compared to the same quarter last year. Analysts expect that Trinity Industries Inc will post $3.76 EPS for the current fiscal year.

A number of research firms have recently commented on TRN. Analysts at Zacks downgraded shares of Trinity Industries from an outperform rating to a neutral rating in a research note on Monday, July 7th. They now have a $50.70 price target on the stock. On a related note, analysts at Stifel Nicolaus reiterated a buy rating on shares of Trinity Industries in a research note on Monday, June 30th. They now have a $45.00 price target on the stock, down previously from $46.00. Finally, analysts at KeyCorp reiterated a buy rating on shares of Trinity Industries in a research note on Monday, June 16th. They now have a $52.50 price target on the stock, up previously from $45.00. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $41.94.

Trinity Industries, Inc (NYSE:TRN) is a multi-industry company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.