Analysts expect Trinity Industries Inc (NYSE:TRN) to post sales of $1.10 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Trinity Industries’ earnings, with the lowest sales estimate coming in at $1.02 billion and the highest estimate coming in at $1.19 billion. Trinity Industries also posted sales of $1.10 billion during the same quarter last year. The business is expected to report its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Trinity Industries will report full year sales of $1.10 billion for the current year, with estimates ranging from $3.78 billion to $3.94 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.94 billion per share, with estimates ranging from $3.66 billion to $4.34 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Trinity Industries.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating the 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 firm had revenue of $973.60 million for the quarter, compared to analysts’ expectations of $951.60 million. During the same quarter last year, the firm posted $0.55 EPS. The company’s revenue was down 12.4% compared to the same quarter last year.

A number of equities analysts recently weighed in on the company. Cowen raised their price objective on Trinity Industries from $31.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, October 5th. Zacks Investment Research cut Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, September 23rd. Stifel Nicolaus reissued a “buy” rating and set a $42.00 price objective (up from $31.00) on shares of Trinity Industries in a report on Sunday, October 1st. Seaport Global Securities assumed coverage on Trinity Industries in a report on Thursday, January 4th. They set a “neutral” rating on the stock. Finally, Buckingham Research raised their price objective on Trinity Industries from $34.00 to $36.00 and gave the company a “buy” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $36.25.

Trinity Industries (NYSE TRN) opened at $37.15 on Friday. The firm has a market capitalization of $5,640.00, a PE ratio of 24.77, a P/E/G ratio of 2.72 and a beta of 2.27. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75. Trinity Industries has a 1-year low of $25.01 and a 1-year high of $38.25.

Trinity Industries declared that its board has initiated a stock repurchase program on Tuesday, December 12th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.52 annualized dividend and a yield of 1.40%. Trinity Industries’s payout ratio is 34.67%.

In related news, major shareholder Holdings L.P. Valueact purchased 300,000 shares of Trinity Industries stock in a transaction that occurred on Thursday, October 26th. The shares were acquired at an average cost of $31.45 per share, for a total transaction of $9,435,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William A. Mcwhirter sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the transaction, the senior vice president now owns 191,339 shares in the company, valued at $7,060,409.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 1,722,237 shares of company stock worth $55,164,869. 2.00% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Sippican Capital Advisors bought a new stake in shares of Trinity Industries in the 3rd quarter worth approximately $211,000. Griffin Asset Management Inc. bought a new stake in shares of Trinity Industries in the 3rd quarter worth approximately $213,000. Commerce Bank bought a new stake in shares of Trinity Industries in the 3rd quarter worth approximately $255,000. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of Trinity Industries in the 2nd quarter worth approximately $230,000. Finally, Janney Capital Management LLC bought a new stake in shares of Trinity Industries in the 3rd quarter worth approximately $298,000. Hedge funds and other institutional investors own 82.16% of the company’s stock.

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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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Earnings History and Estimates for Trinity Industries (NYSE:TRN)

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