Trinity Industries (TRN) to Release Quarterly Earnings on Wednesday

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Trinity Industries (NYSE:TRN) will be posting its quarterly earnings results after the market closes on Wednesday, October 24th. Analysts expect Trinity Industries to post earnings of $0.42 per share for the quarter.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, July 25th. The transportation company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.11. Trinity Industries had a return on equity of 5.68% and a net margin of 19.42%. The company had revenue of $942.30 million during the quarter, compared to the consensus estimate of $965.24 million. During the same quarter last year, the company earned $0.33 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts expect Trinity Industries to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of TRN stock opened at $36.44 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 2.52 and a debt-to-equity ratio of 0.69. Trinity Industries has a 12 month low of $30.39 and a 12 month high of $39.35. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 2.14 and a beta of 2.18.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, October 15th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.43%. Trinity Industries’s dividend payout ratio is currently 34.21%.

A number of analysts have commented on the company. Mizuho assumed coverage on Trinity Industries in a research report on Thursday, June 28th. They issued a “buy” rating and a $42.00 price objective for the company. Vertical Group upgraded Trinity Industries from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Buckingham Research raised their price objective on Trinity Industries from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Stifel Nicolaus raised their price objective on Trinity Industries from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, October 5th. Finally, UBS Group cut Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, October 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $41.00.

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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Earnings History for Trinity Industries (NYSE:TRN)

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