Wall Street analysts expect Trinity Industries Inc (NYSE:TRN) to report sales of $762.15 million for the current quarter, Zacks reports. Two analysts have provided estimates for Trinity Industries’ earnings, with the lowest sales estimate coming in at $695.20 million and the highest estimate coming in at $829.10 million. Trinity Industries reported sales of $942.30 million in the same quarter last year, which indicates a negative year over year growth rate of 19.1%. The company is expected to report its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that Trinity Industries will report full-year sales of $3.15 billion for the current year, with estimates ranging from $3.13 billion to $3.18 billion. For the next financial year, analysts expect that the business will post sales of $3.33 billion, with estimates ranging from $3.03 billion to $3.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Trinity Industries.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The business had revenue of $604.80 million during the quarter, compared to analysts’ expectations of $660.72 million. Trinity Industries had a net margin of 4.66% and a return on equity of 5.63%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $0.30 earnings per share.
Several research analysts recently issued reports on TRN shares. Buckingham Research cut shares of Trinity Industries from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $32.00 to $26.00 in a report on Friday, March 22nd. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a report on Tuesday, February 26th. Cowen reissued a “buy” rating and set a $30.00 target price on shares of Trinity Industries in a report on Wednesday, February 20th. Stephens set a $24.00 target price on shares of Trinity Industries and gave the stock a “hold” rating in a report on Thursday, March 28th. Finally, TheStreet lowered shares of Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.22.
Hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Trinity Industries by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,744 shares of the transportation company’s stock valued at $262,000 after buying an additional 427 shares in the last quarter. Ffcm LLC raised its holdings in Trinity Industries by 0.8% in the 4th quarter. Ffcm LLC now owns 53,058 shares of the transportation company’s stock worth $1,092,000 after acquiring an additional 443 shares during the last quarter. OLD National Bancorp IN raised its holdings in Trinity Industries by 4.4% in the 4th quarter. OLD National Bancorp IN now owns 11,299 shares of the transportation company’s stock worth $233,000 after acquiring an additional 474 shares during the last quarter. Ramsey Quantitative Systems raised its holdings in Trinity Industries by 6.7% in the 4th quarter. Ramsey Quantitative Systems now owns 10,214 shares of the transportation company’s stock worth $210,000 after acquiring an additional 645 shares during the last quarter. Finally, Strs Ohio raised its holdings in Trinity Industries by 5.1% in the 4th quarter. Strs Ohio now owns 13,400 shares of the transportation company’s stock worth $275,000 after acquiring an additional 648 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.
Shares of Trinity Industries stock traded up $0.09 during trading on Friday, hitting $21.08. 106,818 shares of the company’s stock were exchanged, compared to its average volume of 1,228,354. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.02 and a quick ratio of 0.86. Trinity Industries has a 52-week low of $18.99 and a 52-week high of $39.35. The stock has a market cap of $2.69 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 1.57 and a beta of 2.08.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, July 12th. This represents a $0.68 annualized dividend and a yield of 3.23%. Trinity Industries’s dividend payout ratio is presently 85.00%.
Trinity Industries Company Profile
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.
Recommended Story: What is included in the gross domestic product?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.