Wall Street brokerages expect that Trinity Industries Inc (NYSE:TRN) will announce earnings per share of $0.42 for the current quarter, Zacks reports. Four analysts have issued estimates for Trinity Industries’ earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.39. Trinity Industries posted earnings per share of $0.44 during the same quarter last year, which indicates a negative year-over-year growth rate of 4.5%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Trinity Industries will report full-year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.44 to $1.51. For the next fiscal year, analysts anticipate that the company will post earnings of $1.38 per share, with EPS estimates ranging from $1.20 to $1.76. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Trinity Industries.
A number of equities research analysts recently commented on TRN shares. UBS Group upgraded Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price on shares of Trinity Industries in a research report on Friday, December 22nd. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research lowered Trinity Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Cowen upped their target price on Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $35.25.
Trinity Industries declared that its Board of Directors has initiated a share buyback plan on Tuesday, December 12th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Thursday, January 11th. Trinity Industries’s payout ratio is presently 34.67%.
In other Trinity Industries news, SVP William A. Mcwhirter sold 20,000 shares of the business’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 completion of the transaction, the senior vice president now directly owns 191,339 shares of the company’s stock, valued at $7,060,409.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. ValueAct Holdings L.P. raised its stake in shares of Trinity Industries by 10.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock worth $550,438,000 after buying an additional 1,672,510 shares during the period. Cipher Capital LP acquired a new position in shares of Trinity Industries during the 3rd quarter worth approximately $816,000. Chesapeake Asset Management LLC raised its stake in shares of Trinity Industries by 95.9% during the 3rd quarter. Chesapeake Asset Management LLC now owns 54,497 shares of the transportation company’s stock worth $1,738,000 after buying an additional 26,682 shares during the period. Zuckerman Investment Group LLC raised its stake in shares of Trinity Industries by 111.4% during the 3rd quarter. Zuckerman Investment Group LLC now owns 329,933 shares of the transportation company’s stock worth $10,525,000 after buying an additional 173,883 shares during the period. Finally, James Investment Research Inc. raised its stake in shares of Trinity Industries by 15.2% during the 4th quarter. James Investment Research Inc. now owns 413,366 shares of the transportation company’s stock worth $15,485,000 after buying an additional 54,610 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “Brokerages Anticipate Trinity Industries Inc (TRN) Will Post Earnings of $0.42 Per Share” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/14/brokerages-anticipate-trinity-industries-inc-trn-will-post-earnings-of-0-42-per-share.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries and related companies with MarketBeat.com's FREE daily email newsletter.