Analysts Expect Trinity Industries, Inc. (TRN) to Post $0.32 EPS
Analysts predict that Trinity Industries, Inc. (NYSE:TRN) will report $0.32 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Trinity Industries’ earnings, with estimates ranging from $0.30 to $0.35. Trinity Industries posted earnings of $0.55 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 41.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Trinity Industries will report full year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.20 to $1.32. For the next financial year, analysts expect that the firm will post earnings of $1.32 per share, with EPS estimates ranging from $1.20 to $1.49. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Trinity Industries.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The company had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $947.40 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was down 23.6% compared to the same quarter last year.
TRN has been the subject of a number of research analyst reports. Buckingham Research initiated coverage on Trinity Industries in a report on Wednesday, June 21st. They issued a “buy” rating and a $32.00 target price for the company. Axiom Securities restated a “sell” rating and issued a $11.00 target price on shares of Trinity Industries in a report on Friday, June 30th. BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. ValuEngine lowered Trinity Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $34.25.
In other news, major shareholder Valueact Capital Master Fund, acquired 54,055 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average cost of $28.46 per share, for a total transaction of $1,538,405.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Holdings L.P. Valueact acquired 167,395 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of $27.51 per share, with a total value of $4,605,036.45. The disclosure for this purchase can be found here. Insiders bought 1,709,624 shares of company stock valued at $48,298,143 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.
Large investors have recently made changes to their positions in the stock. First Mercantile Trust Co. raised its holdings in shares of Trinity Industries by 10.9% during the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock worth $163,000 after acquiring an additional 570 shares in the last quarter. Invictus RG raised its holdings in shares of Trinity Industries by 466.4% during the first quarter. Invictus RG now owns 6,406 shares of the transportation company’s stock worth $170,000 after acquiring an additional 5,275 shares in the last quarter. Pacad Investment Ltd. raised its holdings in shares of Trinity Industries by 36.5% during the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after acquiring an additional 1,900 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in shares of Trinity Industries during the second quarter worth $205,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Trinity Industries during the second quarter worth $208,000. Institutional investors and hedge funds own 80.82% of the company’s stock.
Trinity Industries (NYSE:TRN) opened at 34.63 on Thursday. The stock has a 50 day moving average price of $30.78 and a 200-day moving average price of $28.03. Trinity Industries has a 12-month low of $20.80 and a 12-month high of $35.97. The firm has a market capitalization of $5.24 billion, a PE ratio of 21.28 and a beta of 2.19.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be issued a $0.13 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.50%. Trinity Industries’s payout ratio is currently 32.10%.
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About Trinity Industries
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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