Equities research analysts predict that Trinity Industries, Inc. (NYSE:TRN) will report $982.33 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Trinity Industries’ earnings, with the highest sales estimate coming in at $1.03 billion and the lowest estimate coming in at $918.50 million. Trinity Industries posted sales of $1.18 billion in the same quarter last year, which would indicate a negative year over year growth rate of 16.8%. The company is scheduled to announce its next earnings results on Thursday, July 20th.

On average, analysts expect that Trinity Industries will report full-year sales of $982.33 million for the current fiscal year, with estimates ranging from $3.66 billion to $3.99 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.85 billion per share, with estimates ranging from $3.66 billion to $4.21 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Trinity Industries.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Tuesday, April 25th. The transportation company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. Trinity Industries had a net margin of 6.81% and a return on equity of 6.82%. The firm had revenue of $877.30 million for the quarter, compared to the consensus estimate of $904.66 million. During the same period last year, the firm posted $0.64 earnings per share. The company’s revenue for the quarter was down 26.1% on a year-over-year basis.

TRN has been the topic of a number of recent research reports. Buckingham Research initiated coverage on shares of Trinity Industries in a report on Wednesday, June 21st. They issued a “buy” rating and a $32.00 target price on the stock. BidaskClub upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus increased their price objective on shares of Trinity Industries from $23.00 to $27.00 and gave the stock a “hold” rating in a report on Monday, March 13th. Finally, Axiom Securities reiterated a “sell” rating and set a $11.00 price objective on shares of Trinity Industries in a report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Trinity Industries currently has a consensus rating of “Hold” and a consensus price target of $25.50.

Shares of Trinity Industries (NYSE TRN) traded down 0.669% during trading on Friday, reaching $27.485. 301,639 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $26.59 and a 200-day moving average price of $27.13. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 14.405 and a beta of 2.19. Trinity Industries has a 52 week low of $18.38 and a 52 week high of $30.13.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 14th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.88%. This is an increase from Trinity Industries’s previous quarterly dividend of $0.11. Trinity Industries’s dividend payout ratio (DPR) is presently 23.04%.

In other news, insider D Stephen Menzies sold 27,742 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $26.11, for a total transaction of $724,343.62. Following the completion of the sale, the insider now owns 236,707 shares of the company’s stock, valued at $6,180,419.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in TRN. Alpha Windward LLC bought a new stake in Trinity Industries during the first quarter worth $441,000. Capstone Asset Management Co. increased its stake in Trinity Industries by 4.1% in the first quarter. Capstone Asset Management Co. now owns 19,528 shares of the transportation company’s stock worth $518,000 after buying an additional 770 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its stake in Trinity Industries by 6.3% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 149,514 shares of the transportation company’s stock worth $3,970,000 after buying an additional 8,800 shares during the last quarter. Creative Planning increased its stake in Trinity Industries by 4.0% in the first quarter. Creative Planning now owns 17,395 shares of the transportation company’s stock worth $462,000 after buying an additional 663 shares during the last quarter. Finally, New England Research & Management Inc. increased its stake in Trinity Industries by 127.8% in the first quarter. New England Research & Management Inc. now owns 22,015 shares of the transportation company’s stock worth $584,000 after buying an additional 12,350 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/07/trinity-industries-inc-trn-expected-to-announce-quarterly-sales-of-982-33-million.html.

Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

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

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