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.
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.
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.
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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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