Trinity Industries Inc (NYSE:TRN) announced a quarterly dividend on Friday, December 6th, RTT News reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.19 per share by the transportation company on Friday, January 31st. This represents a $0.76 annualized dividend and a yield of 3.57%. This is an increase from Trinity Industries’s previous quarterly dividend of $0.17.
Shares of TRN opened at $21.26 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 1.91. The business has a fifty day moving average of $20.47 and a 200 day moving average of $19.40. The company has a market cap of $2.61 billion, a PE ratio of 26.58, a P/E/G ratio of 1.70 and a beta of 2.09. Trinity Industries has a 52-week low of $16.03 and a 52-week high of $26.63.
Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The business had revenue of $813.60 million for the quarter, compared to the consensus estimate of $809.80 million. Trinity Industries had a net margin of 4.96% and a return on equity of 6.27%. The business’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, research analysts anticipate that Trinity Industries will post 1.24 earnings per share for the current fiscal year.
A number of research firms recently weighed in on TRN. Stephens set a $20.00 price objective on shares of Trinity Industries and gave the stock a “hold” rating in a research report on Friday, October 25th. Susquehanna Bancshares lowered Trinity Industries from a “positive” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $22.00 in a research report on Friday, November 8th. TheStreet raised Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, November 18th. Buckingham Research set a $18.00 price target on Trinity Industries and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, ValuEngine raised Trinity Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $24.00.
About Trinity Industries
Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.
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