Brokerages Expect Trinity Industries, Inc. (TRN) Will Announce Earnings of $0.34 Per Share
Wall Street brokerages forecast that Trinity Industries, Inc. (NYSE:TRN) will report earnings per share (EPS) of $0.34 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Trinity Industries’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.44. Trinity Industries reported earnings of $0.44 per share during the same quarter last year, which would suggest a negative year over year growth rate of 22.7%. The firm is scheduled to issue its next earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Trinity Industries will report full year earnings of $1.28 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.50. For the next financial year, analysts expect that the business will report earnings of $1.30 per share, with EPS estimates ranging from $1.20 to $1.49. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Trinity Industries.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.11. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The business had revenue of $973.60 million during the quarter, compared to analysts’ expectations of $951.60 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was down 12.4% on a year-over-year basis.
Several brokerages recently weighed in on TRN. ValuEngine lowered Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Stephens reaffirmed an “equal weight” rating and issued a $35.00 target price (up from $29.00) on shares of Trinity Industries in a research report on Tuesday, October 3rd. Cowen and Company increased their target price on Trinity Industries from $31.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, October 5th. Zacks Investment Research lowered Trinity Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $42.00 target price (up from $31.00) on shares of Trinity Industries in a research report on Sunday, October 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Trinity Industries currently has an average rating of “Buy” and an average target price of $34.13.
In other Trinity Industries news, major shareholder Holdings L.P. Valueact bought 167,395 shares of the stock in a transaction dated Thursday, August 3rd. The stock was bought at an average cost of $27.51 per share, for a total transaction of $4,605,036.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Valueact Capital Master Fund, bought 375,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $28.15 per share, with a total value of $10,556,250.00. The disclosure for this purchase can be found here. Insiders acquired 2,842,224 shares of company stock worth $84,109,911 over the last three months. 2.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Trinity Industries by 0.6% during the second quarter. Vanguard Group Inc. now owns 12,345,367 shares of the transportation company’s stock valued at $346,040,000 after acquiring an additional 78,124 shares in the last quarter. State Street Corp grew its stake in shares of Trinity Industries by 1.8% during the first quarter. State Street Corp now owns 4,070,436 shares of the transportation company’s stock valued at $108,071,000 after acquiring an additional 71,993 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Trinity Industries during the second quarter valued at about $108,733,000. Ardevora Asset Management LLP grew its stake in shares of Trinity Industries by 24.5% during the second quarter. Ardevora Asset Management LLP now owns 1,303,800 shares of the transportation company’s stock valued at $36,546,000 after acquiring an additional 256,500 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Trinity Industries by 3.5% during the second quarter. First Trust Advisors LP now owns 1,116,527 shares of the transportation company’s stock valued at $31,296,000 after acquiring an additional 38,006 shares in the last quarter. Institutional investors own 80.53% of the company’s stock.
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Shares of Trinity Industries (TRN) opened at 31.69 on Tuesday. Trinity Industries has a 52 week low of $20.80 and a 52 week high of $35.97. The firm has a market capitalization of $4.80 billion, a PE ratio of 19.48 and a beta of 2.19. The stock has a 50 day moving average price of $32.45 and a 200-day moving average price of $28.71.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.64%. The ex-dividend date is Thursday, October 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 34.67%.
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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