Trinity Industries, Inc. (TRN) to Release Earnings on Tuesday
Trinity Industries, Inc. (NYSE:TRN) is set to post its quarterly earnings results after the market closes on Tuesday, July 25th. Analysts expect Trinity Industries to post earnings of $0.29 per share for the quarter. Trinity Industries has set its FY17 guidance at $1.00-$1.25 EPS.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Tuesday, April 25th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The firm had revenue of $877.30 million during the quarter, compared to analysts’ expectations of $904.66 million. Trinity Industries had a net margin of 6.81% and a return on equity of 6.82%. The company’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 earnings per share. On average, analysts expect Trinity Industries to post $1.15 EPS for the current fiscal year and $1.05 EPS for the next fiscal year.
Shares of Trinity Industries, Inc. (TRN) opened at 27.69 on Tuesday. Trinity Industries, Inc. has a 52 week low of $20.36 and a 52 week high of $30.13. The stock has a 50 day moving average of $26.59 and a 200-day moving average of $27.13. The stock has a market capitalization of $4.21 billion, a PE ratio of 14.51 and a beta of 2.19.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, July 14th will be paid a $0.13 dividend. This is a boost from Trinity Industries’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Wednesday, July 12th. Trinity Industries’s payout ratio is currently 27.23%.
In other Trinity Industries news, insider D Stephen Menzies sold 27,742 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 236,707 shares in the company, valued at $6,180,419.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
TRN has been the subject of several analyst reports. ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Trinity Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. Axiom Securities restated a “sell” rating on shares of Trinity Industries in a research report on Thursday, July 13th. BidaskClub upgraded shares of Trinity Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Finally, Buckingham Research began coverage on shares of Trinity Industries in a research report on Wednesday, June 21st. They set a “buy” rating and a $32.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.50.
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.
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