Trinity Industries, Inc. (TRN) Expected to Announce Quarterly Sales of $982.33 Million
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.
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.
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.