Trinity Industries (TRN) Scheduled to Post Earnings on Wednesday

Trinity Industries (NYSE:TRN) is set to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Trinity Industries to post earnings of $0.26 per share for the quarter. Trinity Industries has set its FY 2024 guidance at 1.300-1.500 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, February 22nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.16. The firm had revenue of $797.90 million during the quarter, compared to analyst estimates of $749.25 million. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. Trinity Industries’s revenue was up 35.0% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. On average, analysts expect Trinity Industries to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trinity Industries Trading Up 1.2 %

NYSE:TRN opened at $26.74 on Wednesday. The firm has a market cap of $2.19 billion, a PE ratio of 21.22 and a beta of 1.39. The stock has a fifty day moving average price of $26.37 and a 200 day moving average price of $25.29. Trinity Industries has a 12-month low of $20.04 and a 12-month high of $28.86. The company has a current ratio of 1.91, a quick ratio of 0.78 and a debt-to-equity ratio of 4.51.

Trinity Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Friday, April 12th. Trinity Industries’s dividend payout ratio (DPR) is 88.89%.

Insider Activity at Trinity Industries

In related news, CFO Eric R. Marchetto sold 9,781 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the transaction, the chief financial officer now owns 233,704 shares in the company, valued at approximately $6,543,712. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Susquehanna cut their target price on Trinity Industries from $32.00 to $30.00 and set a “positive” rating on the stock in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.