Wall Street analysts forecast that Trinity Industries Inc (NYSE:TRN) will announce sales of $1.12 billion for the current quarter, Zacks reports. Three analysts have issued estimates for Trinity Industries’ earnings. The highest sales estimate is $1.19 billion and the lowest is $1.07 billion. Trinity Industries reported sales of $1.10 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 15th.
On average, analysts expect that Trinity Industries will report full-year sales of $1.12 billion for the current fiscal year, with estimates ranging from $3.83 billion to $3.94 billion. For the next year, analysts forecast that the firm will report sales of $4.04 billion per share, with estimates ranging from $3.82 billion to $4.34 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Trinity Industries.
Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $951.60 million. During the same period in the previous year, the firm earned $0.55 earnings per share. The company’s revenue was down 12.4% on a year-over-year basis.
TRN has been the topic of a number of research reports. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cowen boosted their price target on Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, December 13th. Zacks Investment Research lowered Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, September 23rd. Stifel Nicolaus restated a “buy” rating and issued a $42.00 price target (up from $31.00) on shares of Trinity Industries in a report on Sunday, October 1st. Finally, UBS Group upgraded Trinity Industries from a “neutral” rating to a “positive” rating in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.25.
Trinity Industries (NYSE TRN) traded up $0.33 during trading hours on Thursday, reaching $37.88. The company’s stock had a trading volume of 697,333 shares, compared to its average volume of 1,304,052. Trinity Industries has a 1 year low of $25.01 and a 1 year 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. The firm has a market capitalization of $5,710.00, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.50 and a beta of 2.26.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be issued a $0.13 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.37%. Trinity Industries’s dividend payout ratio (DPR) is 34.67%.
Trinity Industries announced that its Board of Directors has approved a share repurchase plan on Tuesday, December 12th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
In related news, SVP William A. Mcwhirter sold 20,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the sale, the senior vice president now owns 191,339 shares in the company, valued at $7,060,409.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holdings L.P. Valueact bought 300,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were bought at an average price of $31.45 per share, for a total transaction of $9,435,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,722,237 shares of company stock worth $55,164,869. Corporate insiders own 2.00% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new stake in Trinity Industries during the third quarter worth about $524,000. Moors & Cabot Inc. raised its holdings in Trinity Industries by 73.3% during the third quarter. Moors & Cabot Inc. now owns 20,000 shares of the transportation company’s stock worth $642,000 after acquiring an additional 8,462 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Trinity Industries by 1,204.5% during the third quarter. Sterling Capital Management LLC now owns 411,492 shares of the transportation company’s stock worth $13,127,000 after acquiring an additional 379,948 shares in the last quarter. Afam Capital Inc. raised its holdings in Trinity Industries by 2.9% during the third quarter. Afam Capital Inc. now owns 116,108 shares of the transportation company’s stock worth $3,704,000 after acquiring an additional 3,261 shares in the last quarter. Finally, Griffin Asset Management Inc. bought a new stake in Trinity Industries during the third quarter worth about $213,000. Institutional investors and hedge funds 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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