Brokerages Anticipate Trinity Industries Inc (TRN) Will Post Earnings of $0.42 Per Share

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.

Shares of Trinity Industries (NYSE:TRN) traded up $0.39 during midday trading on Wednesday, reaching $33.08. The company had a trading volume of 386,278 shares, compared to its average volume of 1,147,724. The stock has a market capitalization of $4,917.79, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.34 and a beta of 2.07. Trinity Industries has a 52-week low of $25.01 and a 52-week high of $38.25. 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 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.

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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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