Trinity Industries Inc (TRN) Expected to Announce Earnings of $0.22 Per Share

Brokerages forecast that Trinity Industries Inc (NYSE:TRN) will announce earnings per share of $0.22 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Trinity Industries’ earnings. The highest EPS estimate is $0.25 and the lowest is $0.19. Trinity Industries reported earnings per share of $0.30 in the same quarter last year, which would indicate a negative year-over-year growth rate of 26.7%. The company is scheduled to report its next earnings report after the market closes on Wednesday, April 25th.

On average, analysts expect that Trinity Industries will report full-year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.40. For the next fiscal year, analysts forecast that the company will report earnings of $1.64 per share, with EPS estimates ranging from $1.55 to $1.85. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Trinity Industries.

How to Become a New Pot Stock Millionaire

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, February 21st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The firm had revenue of $906.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 17.9% compared to the same quarter last year.

Several research firms have recently issued reports on TRN. Stifel Nicolaus set a $40.00 price objective on shares of Trinity Industries and gave the company a “buy” rating in a report on Friday, February 9th. Vertical Group began coverage on shares of Trinity Industries in a report on Tuesday, March 6th. They set a “sell” rating and a $20.00 price objective on the stock. Vertical Research began coverage on shares of Trinity Industries in a report on Tuesday, March 6th. They set a “sell” rating and a $20.00 price objective on the stock. Wells Fargo upgraded shares of Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 price objective on the stock in a report on Friday, February 16th. Finally, Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Saturday, February 10th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.75.

TRN opened at $31.72 on Monday. Trinity Industries has a 52-week low of $25.05 and a 52-week high of $38.25. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.43 and a current ratio of 3.47. The stock has a market cap of $4,784.09, a PE ratio of 20.87, a P/E/G ratio of 2.41 and a beta of 1.99.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.64%. Trinity Industries’s dividend payout ratio is currently 34.21%.

In related news, major shareholder Holdings L.P. Valueact acquired 350,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $32.85 per share, for a total transaction of $11,497,500.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, SVP William A. Mcwhirter sold 15,606 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $33.49, for a total value of $522,644.94. Following the completion of the sale, the senior vice president now owns 175,733 shares in the company, valued at approximately $5,885,298.17. The disclosure for this sale can be found here. In the last quarter, insiders purchased 2,624,387 shares of company stock worth $86,077,631. 2.20% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. ValueAct Holdings L.P. boosted its position in Trinity Industries by 7.8% in the 4th quarter. ValueAct Holdings L.P. now owns 18,607,352 shares of the transportation company’s stock worth $697,031,000 after purchasing an additional 1,352,237 shares in the last quarter. Jennison Associates LLC boosted its position in Trinity Industries by 98.8% in the 4th quarter. Jennison Associates LLC now owns 2,127,208 shares of the transportation company’s stock worth $79,685,000 after purchasing an additional 1,056,986 shares in the last quarter. NWQ Investment Management Company LLC raised its stake in shares of Trinity Industries by 337.5% during the 4th quarter. NWQ Investment Management Company LLC now owns 1,712,335 shares of the transportation company’s stock worth $64,144,000 after buying an additional 1,320,972 shares during the period. Millennium Management LLC raised its stake in shares of Trinity Industries by 9.3% during the 4th quarter. Millennium Management LLC now owns 1,541,397 shares of the transportation company’s stock worth $57,741,000 after buying an additional 130,924 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Trinity Industries by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,260,510 shares of the transportation company’s stock worth $47,218,000 after buying an additional 21,487 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Trinity Industries Inc (TRN) Expected to Announce Earnings of $0.22 Per Share” was originally reported by Week Herald and is owned by of Week Herald. 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://weekherald.com/2018/04/23/trinity-industries-inc-trn-expected-to-announce-earnings-of-0-22-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.

Get a free copy of the Zacks research report on Trinity Industries (TRN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.

Leave a Reply