Equities analysts expect that Trinity Industries (NYSE:TRN) will report $997.58 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Trinity Industries’ earnings, with estimates ranging from $932.90 million to $1.04 billion. Trinity Industries posted sales of $905.50 million during the same quarter last year, which suggests a positive year over year growth rate of 10.2%. The business is scheduled to issue its next earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that Trinity Industries will report full-year sales of $3.77 billion for the current fiscal year, with estimates ranging from $3.57 billion to $3.98 billion. For the next financial year, analysts expect that the firm will report sales of $3.96 billion per share, with estimates ranging from $3.85 billion to $4.15 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Trinity Industries.
Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, April 25th. The transportation company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $831.30 million for the quarter, compared to the consensus estimate of $893.58 million. Trinity Industries had a net margin of 19.26% and a return on equity of 5.28%. Trinity Industries’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share.
TRN has been the topic of a number of recent analyst reports. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Wells Fargo raised shares of Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a research note on Friday, February 16th. Susquehanna Bancshares raised their target price on shares of Trinity Industries from $40.00 to $52.00 and gave the company a “positive” rating in a research note on Tuesday, February 20th. Stifel Nicolaus set a $40.00 target price on shares of Trinity Industries and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research raised shares of Trinity Industries from a “sell” rating to a “hold” rating in a research note on Saturday, March 10th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $35.83.
In other news, major shareholder Valueact Capital Master Fund, bought 447,505 shares of the firm’s stock in a transaction that occurred on Thursday, March 22nd. The shares were bought at an average cost of $32.63 per share, with a total value of $14,602,088.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings L.P. Valueact bought 350,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $32.85 per share, for a total transaction of $11,497,500.00. The disclosure for this purchase can be found here. Insiders have acquired 2,624,387 shares of company stock worth $86,077,631 over the last three months. Insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rational Advisors LLC purchased a new position in shares of Trinity Industries in the first quarter worth $1,296,000. CIBC World Markets Inc. increased its stake in shares of Trinity Industries by 11.1% in the first quarter. CIBC World Markets Inc. now owns 17,740 shares of the transportation company’s stock worth $579,000 after buying an additional 1,775 shares during the period. Moors & Cabot Inc. increased its stake in shares of Trinity Industries by 21.4% in the first quarter. Moors & Cabot Inc. now owns 24,950 shares of the transportation company’s stock worth $814,000 after buying an additional 4,400 shares during the period. Xact Kapitalforvaltning AB increased its stake in shares of Trinity Industries by 33.1% in the first quarter. Xact Kapitalforvaltning AB now owns 16,490 shares of the transportation company’s stock worth $538,000 after buying an additional 4,100 shares during the period. Finally, Tuttle Tactical Management purchased a new position in shares of Trinity Industries in the first quarter worth $1,296,000. 88.16% of the stock is currently owned by institutional investors.
TRN traded up $0.56 on Friday, reaching $36.54. The company had a trading volume of 3,542,489 shares, compared to its average volume of 3,088,643. The company has a market capitalization of $5.37 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.63 and a beta of 2.02. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.14 and a quick ratio of 2.10. Trinity Industries has a 52-week low of $25.05 and a 52-week high of $38.25.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 13th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, July 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 34.21%.
About Trinity Industries
Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.
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